Etiqueta: FSD

Tesla (TSLA) shares continue to slide after Chinese automaker BYD (1211.HK) announced a breakthrough in electric vehicle (EV) charging. RBC analysts also cut their price target for the stock to $320 from $440. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

Electric vehicle giant BYD unveiled a new charging system in China on Monday, intensifying already fierce competition in the world’s largest auto market and propelling it further ahead of rivals such as Tesla.

BYD is out in front and pulling away from the electric car competition in China with new ultra fast charging and advanced technology.

BYD Seal has received the MY2025 update alongside the BYD Atto 3.

BYD is moving around Tesla and leaving them behind at an increasing rate. With features like 360-degree turns, head-in parking, emergency water driving, hydraulic suspension, autonomous driving, and done options, Tesla is becoming obsolete.

“Our common enemy is the internal combustion engine car. We need to work together... to make the industry change,” the executive stated.

Tesla (TSLA) and BYD (BYDDF) are two leading EV manufacturers vying for one of the hottest new business segments in the market. Tesla is a U.S. company, while BYD hails from China, so there is more than just market competition between these two EV giants. Both firms intend to dominate the EV market in the coming years, but how they go about it is somewhat different. China is determined to solidify its position as the world’s dominant superpower but often finds itself trailing behind industry lea

Elon Musk's Tesla is under pressure in the world's largest car market from rivals including BYD that are fast expanding outside China.