BYD, Opendoor and Figma: Stocks to Watch

BYD reported a drop in July deliveries, ending a 16-month growth streak due to increasing competition. Opendoor is climbing ahead of Q2 results, up 250% in the last 30 days. Figma's stock pulled back after surging 250% in its first trading day, closing at $115.50. BYD is up 25% YTD, while Figma raised over $1 billion in its IPO.

Title: BYD Faces Challenges Amid EV Price War; Opendoor and Figma Show Strong Performance

BYD, China's largest electric vehicle (EV) manufacturer, reported a significant decline in July deliveries, marking the end of a 16-month growth streak. The company shipped 341,030 vehicles in July, down from 377,628 in June, indicating a nearly flat year-over-year performance [1]. This drop follows BYD's decision to slash prices on several hybrid and battery-only models by approximately 30% in May, aimed at increasing affordability [1].

The price war in the EV market has also affected other major Chinese EV makers. Li Auto and Nio reported declines in deliveries, while Xpeng and Xiaomi posted strong growth [1]. Despite the challenges, BYD's international presence remains a strong growth driver, and discussions with India’s Adani Group for a potential battery production joint venture signal that the company is looking beyond the domestic market for future expansion [1].

In contrast, technology real estate company Opendoor (NASDAQ: OPEN) is climbing ahead of its Q2 earnings release. The company has seen a 250% increase in its stock price over the last 30 days, driven by strong revenue growth and positive analyst expectations [2]. Opendoor beat analysts’ revenue expectations by 9.3% last quarter, reporting revenues of $1.15 billion, down 2.4% year on year [2]. The company is expected to report flat year-on-year revenue and an adjusted loss of -$0.02 per share for Q2 [2].

Figma, a design software firm, made a spectacular entrance into public markets with its stock surging 250% in its debut trading day. The company's stock closed at $122, giving it a fully diluted valuation of roughly $70 billion [3]. Figma raised over $1 billion in its IPO, demonstrating strong investor interest in growth companies [3].

References
[1] https://www.wionews.com/business-economy/byd-s-delivery-growth-stalls-amid-intense-ev-price-war-1754300006231
[2] https://finance.yahoo.com/news/expect-opendoor-open-q2-earnings-030118570.html
[3] https://www.tradingview.com/chart/FIG/qmqlmfpT-Figma-Stock-Goes-Parabolic-in-Market-Debut-Should-You-Buy/