Tesla Only Profitable EV Maker as BYD Flips into Losses
by Brian Wang from NextBigFuture.com on (#6G0PK)
Tesla's profits has been squeezed as they have had to lower prices. BYD's third-quarter financial report revealed a significant downturn in free cash flow, plummeting by -$7.3 billion from a robust +$4.8 billion to a concerning -$2.6 billion. This drastic drop, disclosed by the company today, was primarily propelled by a staggering contraction in operating ...