- Revenue at China's BYD rose 24% to $28.2 billion - This is lower than forecast, but higher than Tesla (it was $25.2 bln) - Net income reached a record $1.6 billion (+11.5%) - BYD sold 1.12 million EV cars and hybrids in the quarter - Tesla deliveries totaled 462.9k units (EV autos only) - BYD's profit is second to Tesla ($1.6 billion vs. $2.2 billion) - Hybrids are the main reason for BYD's reve

- Capex of 4 IT giants will be $200+ billion in 2024 - This is a record amount for Amazon, Microsoft, Alphabet and others - At the same time, the capex of IT companies for 2025 may increase - As they buy scarce chips and build data centers - They say the spending will make the AI business profitable - At the same time it should become more profitable than advertising, etc. - Amazon's capex for 202