BYD Share Price Surges Past HK$444 As Tesla Struggles, Will the Rally Continue?

BYD share price pushed higher again on Monday, jumping past HK$444 in intraday trade as buying momentum carried over from last week. The stock is now inching closer to its record high, drawing fresh attention from traders looking to ride the electric vehicle rally out of China.

Much of the optimism around BYD right now is tied to growing overseas demand and strong April sales numbers. The company has been scaling up its presence in Asia, Latin America, and parts of Europe, and that’s caught the market’s eye, especially as Tesla continues to lose steam.

Tesla, on the other hand, just hasn’t been able to catch a break lately. Between trimming prices to stay competitive and missing the mark on recent earnings, it’s looking a bit shaky. Margins have taken a hit, and traders are starting to question whether the EV giant is slipping. You can see it in the way the two charts have parted ways, BYD heading up, Tesla drifting lower.

BYD Share Price Technical Analysis

• Price broke above key resistance near HK$430 – bulls now in control
• Current price at HK$444 – inching toward all-time highs
• RSI at 68.59 – approaching overbought territory but still has room
• MACD crossover remains strong – wide divergence indicates strong momentum
• Volume remains supportive – confirming the rally isn’t speculative
• Next resistance near HK$460 – last major peak
• Support sits at HK$420 – any pullback may attract dip-buyers

Outlook: Can BYD Maintain Its Lead?

With BYD share price outperforming not just Tesla but the broader Chinese EV sector, investor confidence is clearly shifting. The strong rally has technical legs, but momentum indicators suggest some caution is warranted at these levels. If the stock holds above HK$430 and continues riding global demand headlines, HK$460 and above could be tested soon.

While Tesla battles headwinds in the West, BYD’s expansion story, backed by profits, policy, and production scale, may just be getting started.

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