Loading...
Lyft reported Q3 earnings with an EPS/loss of $0.03, beating estimates, and sales of $1.16B, slightly exceeding the expected $1.14B. However, the company provided a cautious sales outlook for the holiday period. Li Auto Inc. also posted better-than-expected revenue after delivering over 105,000 electric vehicles in Q3, up from 26,500 a year earlier, driven by strong demand in China. Meanwhile, Plug Power's Q3 earnings showed an EPS/loss of $0.47, missing the estimated loss of $0.30, and sales of $198.71M, below the expected $237.92M. Tesla raised prices on some refreshed long-range vehicles in China starting Nov. 9, while local rivals in China, including Li Auto and Huawei, are intensifying competition in the EV market.
Huawei intensifies China EV price war with new premium sedan https://t.co/Ehvq5vgYVH
Tesla has marked up two of its most popular models in China despite competition intensifying in the world’s largest auto market as local rivals continue to expand their offerings. https://t.co/KmED3J7olP
Startup Li Auto is beating Tesla China's EV sales https://t.co/2Ou6OQMKUe
$PLUG | Plug Power Q3 Earnings: - EPS/Loss $0.47 (Est/Loss $0.30) - Sales $198.71M (Est. $237.92M)
Li Auto Inc. reported better-than-expected revenue after delivering more than 105,000 electric vehicles in the third quarter, up from 26,500 a year earlier, benefitting from soaring demand in China for new-energy vehicles. https://t.co/XdhluAIT4C
Li Auto reports better-than-expected revenue after delivering more than 105,000 electric vehicles in the third quarter, up from about 26,500 a year earlier https://t.co/y8I6k75DAo
Lyft reported third-quarter revenue that beat analysts’ estimates while giving a tepid sales outlook for the holiday period. https://t.co/V1KtuTRtuw
Lyft reported third-quarter revenue that beat analysts’ estimates while giving a tepid sales outlook for the holiday period. https://t.co/0MuLFP2QHV
Tesla raises prices on some refreshed long-range vehicles in China beginning Nov. 9 https://t.co/i4Cr9iUz9U https://t.co/e4YxFbOsc2
$LYFT | Lyft Q3 Earnings: - EPS/Loss $0.03 (Est. $0.13) - Sales $1.16B (Est. $1.14B)