Etiqueta: Robotaxi

Tesla's robotaxi launch is sparking buzz, but with weak EV sales and rising rivals like BYD, is TSLA still worth the hype?

Tesla's sales in Europe and the UK have plummeted by nearly half, according to a report by tech news outletTechCrunch on Tuesday. The European Automobile Manufacturers Association (ACEA) revealed that Tesla sold just 7,261 vehicles in the European Union (EU), European Free Trade Association (EFTA), and the UK in April, marking a steep 49% decline c...

Shares of Tesla Inc. (NASDAQ: TSLA) might be in for a rough week, according to fund manager Gary Black, following the announcement of steep discounts by the company's Chinese rival.

Tesla has topped an early entry while BYD stock is near a base buy point. BYD growth is booming while TSLA investors bet on robotaxis.

As the Gulf states set their national strategies for digital and green transitions, electric vehicles are flooding into the traditionally fossil fuel-driven auto markets of the Gulf — especially in the Kingdom of Saudi Arabia, the United Arab Emirates, and Qatar.

Once seen as a producer of clumsy knock-offs, Chinese carmakers have catapulted to the forefront of the growing global EV industry.

Tesla may have started the race, but BYD is setting the pace. Does this Chinese EV giant now hold an upper hand in this high-stakes race for electric dominance?

Counterpoint’s insights were shared by the market researcher on its official website.