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Tesla’s ‘Affordable’ EV Gamble Backfires – Stock Sinks as Cheaper Models Disappoint Investors - Tech Space 2.0

Tesla's new budget-friendly Model Y and Model 3 attract mixed reactions in China as buyers question the stripped-down features and limited price cuts.

BYD Company Limited has overtaken Tesla to become the most dominant Electric Vehicle company in the world.

Chinese car giant BYD has officially overtaken Tesla to become the UK’s top-selling overseas electric vehicle brand, following a record-breaking surge in sales last month. Record Sales: BYD Takes the Lead in September In September 2025, BYD sold 11,271 new vehicles in the UK — an 880% increase compared with the same month in 2024. […]

China’s low-priced electric cars are powering Southeast Asia’s EV surge, and Vietnam has emerged as the region’s No. 2 market year-to-date on company-reported figures, closing on Thailand’s lead. The comparison is based on Vietnam’s total, which reflects VinFast deliveries, while Thailand’s count is official registrations. Emerging markets could account for ...

BYD recently announced, as reported in Chinese media, that its 8th Ro-Ro (roll on-roll off car carrier) ship recently departed from the Xiaomo International Logistics Port in Shenzhen, bound for Singapore with over 6,000 vehicles on board. The energy-efficient ship and the expansion of BYD’s export capacity is newsworthy in and of itself. BYD’s cooperation with Shenzhen Port Group to develop green shipping corridors is also significant. However, within the context of Singapore, the shipment has massive implications for this relatively small market. In 2024 BYD sold 6191 vehicles in Singapore. Roughly the size of this one shipment. However, that made them the largest automaker in the country for the year. Not just in EV sales, but in overall vehicle sales, overtaking Toyota. In addition, BYD was already the top selling automaker in the first half of 2025, with 4,667 vehicles representing an 80.4% YoY increase, distancing itself from Toyota in second. Meanwhile, Tesla, once the top EV brand, declined to a few hundred vehicles. Between the new shipment and first half sales, BYD is looking at over 25% of the total Singapore market, even without including 3Q sales.

Boyd Gaming (BYD) has seen its shares dip roughly 2% over the past day, which is part of a 3% slide this month. Investors are watching how the stock responds amid mixed signals on revenue and profit trends. See our latest analysis for Boyd Gaming. Despite a recent dip, Boyd Gaming’s strong momentum over the last year stands out, with a 33% total shareholder return and a five-year total return topping 160%. Even as short-term share price returns have softened, this pattern suggests the market...

"I'm definitely not buying them. For the same price, there are far more options I can get from local automakers," one user wrote on Weibo.

Analysts are disappointed as the new cars are only about US$5,000 cheaper than the next-level trims of the models.