Stock Movers: RH Rises on Tariff Pause, BYD Surpasses Tesla in EV Sales
Bloomberg PodcastsJanuary 2, 20263 min350 views
8 connectionsΒ·11 entities in this videoβRH and Furniture Stocks Rally
- π RH shares saw an 8% increase, alongside a 6% rise for Wayfair, following the White House's decision to pause furniture tariffs.
- π‘ President Trump announced the continuation of the 25% tariff, but will not increase it to 30% as planned for 2026, citing positive trade discussions.
- π While Wayfair soared 125% in 2025 due to consumer demand for cheaper options, RH experienced a decline of over 50% for the year.
Rivian's Q4 Deliveries Fall Short
- π Rivian shares closed down 1.6% after reporting fourth-quarter deliveries that missed average analyst estimates.
- π Production figures were in line, but all eyes are now on the upcoming fourth quarter 2025 earnings report.
- π Despite the recent dip, Rivian finished 2025 with a notable 48% increase in share price.
Tesla's Decline and BYD's Ascendancy
- π Tesla shares experienced their seventh consecutive day of losses, ending lower by 2.6%.
- π China's BYD has surpassed Tesla as the world's top seller of electric vehicles, with US-listed shares closing up 5%.
- β‘ BYD reported increased battery-electric vehicle sales for both the quarter and the full year, delivering nearly 2.26 million EVs in 2025 compared to Tesla's 1.64 million.
- π‘ BYD's success is attributed to its offering of cheaper, more accessible models and strong overseas sales.
- π€ Tesla, conversely, is shifting its focus towards autonomous vehicles and AI ambitions, leading to a decline in EV sales and deliveries.
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Transcript14 segments
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Whatβs Discussed
RHBYDTeslaEV SalesTariffsFurniture StocksRivianStock MoversBloomberg RadioElectric VehiclesAutonomous VehiclesAIWarren Buffett
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