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Chinese automaker BYD Auto is quickly becoming the world’s leading EV manufacturer. According to StockApps.com, the company has grown its production by a whopping 211% in 2022. This impressive growth has pushed its way past Tesla, the previous leader in EV production, and the company expects to become the first automaker to exceed 2 million…
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The electric vehicle giant Tesla has accomplished a significant feat in the automobile industry. StockApps.com holds that Tesla delivered nearly 1.3M vehicles in 2022 alone. This is a remarkable milestone for the relatively young automaker. Incredibly, this figure is almost as many vehicles as the company had delivered in the previous eight years combined. Edith…
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Tesla is famous for conducting thorough research and development on its units and the market. No automaker has matched Tesla’s R&D spending per car. However, an analysis from StockApps.com shows Tesla’s expenditure on R&D per vehicle has reduced. Tesla spent its lowest amount of $2131 per car in R&D during Q3 2022. Speaking on the…
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Tesla’s Model Y was the fastest-selling used car in America in June 2022. That’s per a StockApps.com analysis of twenty of the fastest selling used cars in America. The site presented data indicating that the vehicle took an average of 24.9 days to sell. Model Y’s selling time was less than half the 52.1 days…
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Bitcoin was doing quite well as it surged to new heights over the past two years. Several firms led by digital asset enthusiasts were happy to add the highly volatile cryptocurrency to their balance sheets. However, BTC has disappointed many people as its price has seen a nearly 70% drop in value since its All-Time…
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Tesla is a household name in the electric vehicle (EV) space. Some estimates give it a dominance of up to 79% in the global EV market. But it has a lot of catching up to do when it comes to the entire automobile market. That’s a challenge that the firm seems to be warming up…
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Automobile manufacturer Lucid’s Air Dream R AWD currently has the longest range among electric vehicles (EVs). According to a StockApps.com analysis, the model has a range of 520 miles (about 832 km). That beats Tesla’s longest-range model by over 100 miles. Again the Air Dream R AWD beats Tesla’s Model S in energy efficiency terms….
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Tesla is the 2nd fastest American company to hit the $1T market cap. StockApps.com has presented data showing that the firm took 11 years to reach the $1T valuation. Only Facebook has achieved the milestone in a shorter time. The social media giant took only 9 years to get there. “Tesla’s rise to the top…
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Tesla may be the only carmaker globally that can claim they don’t advertise. The EV manufacturer has never spent a cent on marketing—and they’re not about to start now. But that doesn’t mean they aren’t investing in ensuring their cars are the best out there. In fact, Tesla spends more on research and development(R&D) than…
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Using a stock’s price-to-earnings (P/E) ratio is one of the quickest ways to learn whether a company is overvalued or undervalued. If a company’s stock is undervalued, it may be a good investment based on the current price. If it is overvalued, then investor should consider whether the company’s growth prospects justify the stock price….
