Famous ‘Big Short’ investor Michael Burry has issued a stark warning regarding the structural integrity of Chinese technology stocks, cautioning that most investors do not actually own the companies they believe they are betting on.The ‘Cayman Shell’ VulnerabilityIn a series of recent posts on X and his Substack, Burry—who famously predicted the 2008 housing market crash—detailed a critical legal flaw in the Hong Kong market.He noted that for nearly all major Chinese firms, excluding outliers like BYD or Ha ...

The world economy is generally divided into three regions. One is China. ...

Core Viewpoint - Tesla's stock has declined over 2% due to increasing competition in autonomous driving, weak electric vehicle (EV) demand, and pricing pressures in the sector [1] Group 1: Competition and Market Trends - Uber has expanded its robotaxi platform, introducing an Autonomous Solutions platform that offers services to robotaxi developers, which may intensify competition for Tesla [1] - Tesla's stock fell approximately 1.3% last week, marking its third weekly decline in four weeks, amid a broader downturn in the US EV market [1] - US electric vehicle sales dropped 30% year-on-year in January, representing about 6% of total new car sales, influenced by the expiration of the $7,500 federal EV purchase tax credit [1] Group 2: Tesla's Performance and Market Share - Despite a 17% decline in January sales, Tesla's market share increased to about 61%, up from 57% in December, as it outperformed the broader market [1] - Tesla's shares are down about 8% year-to-date but have risen 22% over the past 12 months, outperforming the S&P 500 by approximately seven percentage points [1] - The company plans to invest around $20 billion in new equipment this year to enhance production of robotaxis and robotics [1] Group 3: Challenges in China - Tesla faces significant competition in China, where low-cost domestic EV models have gained market share, with Geely Auto and Wuling Motor Holdings leading in sales [1] - Tesla's Model Y sales fell nearly 21% year-on-year to 382,300 units, despite new payment schemes, indicating challenges in maintaining its position in the Chinese market [1] - The Chinese government has implemented measures to curb aggressive discounting, which may further impact demand and pricing strategies for Tesla [1]

Supplemental Financial Information 4Q 2025 Forward Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended Statements preceded by, followed by or that otherwise include the words "believes," "expects," "anticipates," "intends," "projects," "estimates," "plans," "may increase," "may fluctuate," and similar expressions or future or conditional verbs ...

Core Insights - Electric-vehicle (EV) stocks, particularly Tesla (TSLA), have faced significant pressure since late 2023, with Tesla's core auto business encountering challenges, especially in China [1][4] Sales Performance - In January 2026, Xiaomi's YU7 SUV sold 37,869 units in China, surpassing Tesla's Model Y, which sold 16,845 units, marking a shift in the competitive landscape [2][3] - The YU7's success has led to Tesla's Model Y dropping from the top position to 7th place among new-energy vehicles in China, indicating intensifying competition [2][3] Market Dynamics - Tesla experienced its first annual sales decline in China in 2025, raising concerns about its growth potential as local brands like BYD and Xiaomi gain market share [2][3] - The shift in market dynamics is causing investors to question Tesla's revenue and margin sustainability, particularly since 25% of its sales come from China [3] Stock Market Reaction - TSLA's stock reaction has been muted due to broader market concerns, but the news of Xiaomi outselling Tesla has deepened doubts about Tesla's auto outlook and growth expectations for 2026 [4] - The competitive pressure is forcing Tesla to potentially compete on price, which could negatively impact its future performance [4] Company Challenges - TSLA has faced a turbulent year, with stock prices peaking near $498 in December 2025 before declining due to execution shortfalls and delivery declines [5] - High-profile controversies surrounding CEO Elon Musk have further compounded the challenges faced by the company [5]

Core Insights - BYD, China's leading automaker, has seen its stock rise less than 10% over the past five years despite significant growth in shipments and revenue [1] Group 1: Company Overview - BYD transitioned from a battery maker to a manufacturer of gas-powered vehicles, plug-in hybrid EVs (PHEVs), and battery-powered EVs (BEVs) over the past two decades [2] - The company experienced stagnant auto sales from 2009 to 2020, but sales surged after ceasing gas-only car production in 2022 and expanding its PHEV and BEV offerings [2] Group 2: Growth Metrics - BYD's total annual vehicle sales are projected to increase from 427,302 units in 2020 to 4.6 million units by 2025 [6] - In 2025, BYD is expected to sell 2.26 million BEVs, surpassing Tesla as the world's top BEV maker for the first time [6] - Revenue is anticipated to grow from 153.5 billion yuan ($22.2 billion) in 2020 to 847.4 billion yuan ($122.7 billion) in 2025, representing a more than fivefold increase [6] Group 3: Profitability Expectations - Analysts forecast BYD's net income to rise from 4.2 billion yuan ($0.6 billion) in 2020 to 35.1 billion yuan ($5.1 billion) in 2025, an increase of over eight times [7] - However, this net income would reflect a 13% year-over-year decline from 2024 [7] Group 4: Competitive Positioning - BYD is facing margin pressures due to inflation and increased competition in the cooling EV market [8] - The company is addressing these challenges by focusing on higher-margin premium vehicles and PHEVs, producing cost-efficient components, and leveraging its scale to reduce expenses [8] Group 5: Future Stock Outlook - From 2025 to 2027, BYD's revenue is expected to grow at a 15% compound annual growth rate (CAGR) [9] - Despite this growth, BYD's stock trades at less than 1 times this year's sales, likely due to trade tensions, slowing EV market growth, and macroeconomic challenges in China [9]

Core Viewpoint - An investigation has been announced regarding BYD Company Limited for potential violations of federal securities laws, which may impact investors who have suffered losses [1]. Group 1 - The Law Offices of Howard G. Smith are representing investors of BYD Company Limited in this investigation [1]. - Investors who have incurred losses in BYD Company Limited are encouraged to contact the law firm to discuss potential claims for recovery [1].

Core Insights - Tesla's core electric vehicle (EV) business is facing stagnation, prompting the company to accelerate the development of various side projects [1][4] - The company plans to diversify its offerings by adding solar panels, advancing robotaxi technology, and introducing humanoid robots priced between $20,000 and $30,000 by the end of 2027 [2][3] Electric Vehicle Business Challenges - Tesla's average per-vehicle production costs have decreased, but this has not restored the profit margins seen before the EV price wars that began in early 2023 [5] - The net profit per vehicle has dropped to just over $4,000 as of the end of last year, down from more than $10,000 in 2022 [6] - Competitors like BYD, Volkswagen, and General Motors have captured the growth in the EV market, leaving Tesla with stagnant sales [8] Market Position and Brand Perception - Tesla, once the leading brand in the EV market, is losing its appeal, which is concerning as over 70% of its revenue still comes from battery-powered vehicles [9] - The company is exploring new markets, including robotics and solar energy, but faces significant competition from other players in these sectors [14] Future Prospects and Risks - The potential for solar energy and autonomous taxis is significant, with projections indicating a $190 billion market for robotaxis by 2034 [11] - However, there are concerns about Elon Musk's history of overpromising on timelines, which could affect the development of new technologies [15] - Tesla's stock is currently priced at over 200 times the expected earnings per share of $2.06, indicating that the market is expecting high growth that may not materialize [16][20] Conclusion - Tesla appears to be shifting focus from its core EV business to explore new opportunities, which may indicate underlying challenges in its primary revenue stream [19]

President Trump campaigned on returning manufacturing growth to the United States and the White House, I looked this up, says that they are surging forward with unprecedented momentum. Are they. Um, no.I don't think you could say that. Uh, manufacturing output had been declining actually quite steadily going back to even before Trump. It did go up in January, but that's one month and I don't think we can draw any conclusions from that.But essentially, our our manufacturing continues to go down. Uh, and for ...

Group 1: Investment Moves - Soros Fund Management initiated positions in Broadcom and Tesla worth a combined $69 million in Q4 [1] - The fund purchased 102,379 shares of Broadcom valued at approximately $35.4 million, averaging around $345 per share [1] - Soros acquired 56,661 shares of Tesla worth about $25.5 million, with an implied average buy price of $450 per share [1] Group 2: Broadcom's Performance - Broadcom's Q4 AI chip revenue reached $6.5 billion, up 74% year-over-year, with Q1 guidance of $8.2 billion, indicating 100% growth [1] - Analysts project AI semiconductor sales to double as a portion of revenue by 2026, potentially exceeding half of total sales by year-end [1] - Overall revenue for Broadcom is expected to grow 52% in fiscal 2026, reaching about $94 billion, driven by AI and infrastructure software [1] Group 3: Tesla's AI Initiatives - Tesla is investing between $30 billion to $70 billion in AI and robotics, including Full Self-Driving software and the Optimus humanoid robot [1] - The company aims to ramp up production of the Optimus robot to 50,000 to 100,000 units by 2026 [1] - Analysts forecast Tesla's net income to reach around $6.1 billion by 2026, with a potential market cap of $5 trillion if robotics initiatives succeed [2]