MONEY MASTER

Shares of  BYD Co Ltd (HKG:1211)  fell sharply on Friday after China’s top electric vehicle (EV) maker reported a  33% drop in third-quarter net profit  and weaker-than-expected revenue, underscoring the challenges even the industry leader faces in a highly competitive market. Earnings Miss Triggers Stock Selloff BYD’s Hong Kong-listed shares  tumbled as much as 6.4%  in early trading following the results released late Thursday. Net income:  7.82 billion yuan (US$1.1 billion), down  33% YoY Revenue:  194.98 billion yuan, down  3% YoY  and missing analyst forecasts of 216 billion yuan Gross margin:  17.6%, down from 21.9% a year ago but up from 16.3% in Q2 “Neutral to slightly negative” reactions are expected, according to  Morgan Stanley , which estimated vehicle-unit profit at  6,100 yuan , below its 6,500 yuan projection. Losing Momentum in China’s Price War Once the undisputed market leader, BYD is now  losin...

Key Takeaway The US has officially cut tariffs on Japanese cars and auto parts from 25% to 15% under a new trade deal with Japan. In return, Tokyo will lower tariffs on US goods and commit  US$550 billion  to US infrastructure projects. What Happened President Trump signed an  executive order  Thursday, finalizing last month’s trade pact. The new auto tariff rates are  retroactive to Aug. 7 . This marks a significant shift in US-Japan trade relations, aiming to reduce tension and strengthen economic ties. Market Impact Japanese automakers rallied : Toyota (TM): +2.40% Honda (HMC): +1.91% US carmakers also gained modestly: Ford (F): +0.52% EV stocks like Lucid (LCID) slipped, reflecting competitive concerns. Investor Angle Lower tariffs should: Boost competitiveness of Japanese automakers in the US. Open opportunities for US exporters gaining improved access to Japan. Channel massive Japanese capital into  US infrastructure  — potentially lifting relate...

Tesla stock is ticking up ahead of its  Q1 delivery report , even as analysts brace for a sharp miss of up to  90,000 vehicles . While this might sound alarming, a similar scenario played out last year — and the lesson then could give investors reason to  stay patient rather than panic . Delivery Data at a Glance Expected Q1 2025 deliveries:  ~ 380,000 vehicles Earlier estimates:  ~ 470,000 vehicles Gap:  ~ 90,000 vehicles short Last year Q1 deliveries:  ~ 387,000 vehicles Current TSLA premarket price:   $263  (+1.5%) despite weak EU sales European Weakness, Political Backlash & Model Transition In  France , Tesla sold  3,157 cars  in March — down  37% YoY Quarterly French sales:  ~7,000 vehicles , down  41% YoY Weak U.S. and EU sales have raised concerns that  Elon Musk’s political stances  may be alienating environmentally conscious, left-leaning customers Tesla’s  Model Y refresh  may a...

US stock futures fell  Tuesday morning as investors brace for the long-awaited announcement of President Trump's  "Liberation Day" tariffs , which may impose  20% tariffs on most U.S. imports , marking a major shift in U.S. trade policy. The market is on edge amid growing uncertainty, with futures on all major indexes in the red. Market Snapshot (As of 7:42 AM ET) E-mini S&P 500 Futures (ESmain.US):  5,620.25 (▼ 0.58%) E-mini Nasdaq 100 Futures (NQmain.US):  ▼ 0.57% E-mini Dow Futures (YMmain.US):  ▼ 266 points (▼ 0.63%) 🔍 Top News Highlights Trump’s 20% Tariff Proposal Set to Shake Global Trade Scope:  The Trump administration is planning  broad-based 20% tariffs on most imports , potentially sparing only critical goods like  pharmaceuticals . Pharma Exclusion Likely:  According to Reuters, the pharmaceutical industry is expected to avoid the brunt of the tariffs, with calls for a  gradual rollout  to protect supply chain...