BYD Earnings: Net Income Doubles, Racing Past Tesla In Latest Milestone

Tesla (TSLA) rival BYD (BYDDF) reported better-than-expected first-quarter earnings early Friday, though revenue growth slightly missed. The China EV giant’s net income topped Tesla’s for the first time. BYD stock rose slightly Friday. Tesla stock jumped. BYD Earnings BYD reported first-quarter net income of RMB 9.16 billion ($1.26 billion), up 100.4% vs. a year earlier in local currency. Revenue grew…