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Stockreport

BYD's aggressive discounts are annoying customers—and officials—in Thailand, the ‘Detroit of Asia' [Yahoo! Finance]

Tesla, Inc. (TSLA)  More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
On Thursday, the Warren Buffett-backed carmaker officially opened its first factory in the country, its first in Southeast Asia. Then on Saturday, BYD announced that it would acquire a 20% stake in Rever Automotive, the sole distributor of BYD's vehicles in the country. But it hasn't all been good news for BYD. The carmaker's recent discounts in Thailand have left some consumers feeling short-changed, leading to a probe by the Thai consumer protection agency. Last Tuesday, days before the opening of BYD's new factory, Bangkok announced that it would probe dealers' use of aggressive discounts. According to media reports , the investigation was prompted by a representative assuring a customer that a BYD model's price would rise following a temporary discount—only for the price to fall even further. Thailand's consumer protection agency said it received 70 complaints since initiating the probe. Rever's website on Monday displayed several price cuts, but the highest was for the ex [Read more]
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Stockreport

BYD's aggressive discounts are annoying customers—and officials—in Thailand, the ‘Detroit of Asia' [Yahoo! Finance]

Tesla, Inc.  (TSLA) 
More Company Research Source: Yahoo! Finance
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
On Thursday, the Warren Buffett-backed carmaker officially opened its first factory in the country, its first in Southeast Asia. Then on Saturday, BYD announced that it would acquire a 20% stake in Rever Automotive, the sole distributor of BYD's vehicles in the country. But it hasn't all been good news for BYD. The carmaker's recent discounts in Thailand have left some consumers feeling short-changed, leading to a probe by the Thai consumer protection agency. Last Tuesday, days before the opening of BYD's new factory, Bangkok announced that it would probe dealers' use of aggressive discounts. According to media reports , the investigation was prompted by a representative assuring a customer that a BYD model's price would rise following a temporary discount—only for the price to fall even further. Thailand's consumer protection agency said it received 70 complaints since initiating the probe. Rever's website on Monday displayed several price cuts, but the highest was for the ex [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS