BYDの空売り状況は、投資家がBYDの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

BYD (OTC:BYDDF) 株価情報, 空売り情報

Founded in 1995, BYD is a leading Chinese manufacturer in the design, development, and production of new energy vehicles, or NEVs. In March 2022, the firm discontinued production of internal combustion engine, or ICE, vehicles. Its products primarily target the growing midpriced mass-market segment in China's passenger vehicle market. The company sold about 4.3 million passenger NEVs in 2024, accounting for 35% of the Chinese passenger NEV market. Besides automobile production, the company is also engaged in handset components and assembly services, as well as the rechargeable battery and photovoltaics business. After more than 25 years of development, the company has established over 30 industrial parks worldwide.

BYD Co Ltd

BYD Co., Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) is pivoting its European strategy as the Chinese EV manufacturer looks to expand into the market.
What Happened: Failing to hire executives with an understanding of the European market, as well as a small dealer network, were some of the ‘strategic missteps' BYD took as it entered into Europe, sources told Reuters on Wednesday.
BYD targeted at least 5% of the European EV Market prior to beginning production at its facility in Hungary, the report says, citing former BYD European Chief Michael Shu. However, the company fell way below expectations, selling over 57,000 vehicles in 2024 with a 2.8% market share.
BYD had announced that Plug-In Hybrids would play a crucial role in its European strategy. That decision came after advice from the company's European special adviser, Alfredo Altavilla — a key figure in the rejig who convinced the brand that EV penetration in many European markets still lags behind ICE and Hybrids, the report suggests.
"It is necessary to educate customers in the green transition.&#8221; Altavilla shared in the report. BYD has since hired various executives from rival companies like Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) as well as appointed executive VP Stella Li in charge of Europe, the report says.
The company's sales in Europe have since experienced a surge, having sold over 37,000 units in the region — including the United Kingdom — in Q1 2025. The company had sold just over 8,500 units last year, around the same time.
Why It Matters: BYD has recently made headway into Japan as the company targets the local minicar market with <a href="https://www.benzinga.com/markets/emerging-markets/25/04/44904375/tesla-rival-byd-targets-japans-minicar-market-with-for-new-affordable-ev">an affordable EV</a>. The company had also disrupted the Chinese domestic market by introducing its God's Eye driver assistance system even in affordable models.
BYD had recently unveiled<a href="https://www.benzinga.com/trading-ideas/movers/25/04/44630091/teslas-ev-crown-at-risk-as-byd-closes-in-with-breakthrough-charging-tech"> new charging tech</a>, which was capable of providing over 250 miles of range in just over 5 minutes of charging. BYD is now the world's largest battery EV manufacturer with over 15.7% of the global market share.
Elsewhere, other Chinese manufacturers are also making their way to the European market. However, it could prove to be difficult as Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) recently announced a delay to the launch of its <a href="https://www.benzinga.com/25/04/44915240/tesla-rival-nio-delays-the-european-launch-of-firefly-ev-report">Firefly EV in Europe</a>.&nbsp;
Price Action: BYDDF currently trades for $49.13, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro data</a>.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/04/44945220/chinas-geely-announces-it-will-share-battery-safety-patents-safety-lab-with-the-auto-industry">China&#8217;s Geely To Share Battery Safety Patents, Unveils World&#8217;s Largest EV Safety Lab At Shanghai Auto Show</a></li>
</ul>
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BYD Resets European EV Strategy After Missing 5% Market Goal Amid Poor Hiring, Weak Dealer Network: Report

Geely Automobile Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYF#OTC">GELYF</a>) announced that the company will share its battery safety patents at the Shanghai Auto Show.
What Happened: The Chinese automaker revealed on Wednesday the &#8220;Geely Global Safety Center,&#8221; which the company says is the world's largest standalone safety lab. It also unveiled a new battery brand dubbed the &#8220;Geely Golden Short Blade Battery.&#8221;
The company says that it will make the Geely Global Safety Center accessible to the automotive industry, as well as share its patent for a battery pack bottom impact testing device &#8220;to support the adoption of critical EV safety standards.&#8221;
Why It Matters: Geely's announcement follows a host of developments made by Chinese EV and battery manufacturers. Recently, Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) battery supplier CATL unveiled <a href="https://www.benzinga.com/markets/25/04/44894382/tesla-battery-supplier-catl-unveils-new-fast-charging-battery-with-323-mile-range-in-five-minutes">a new battery</a>, which could provide 323 miles of range on a 5-minute charge.
BYD Co., Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) also showcased its advancements in the EV space as it revealed a <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44630091/teslas-ev-crown-at-risk-as-byd-closes-in-with-breakthrough-charging-tech">fast-charging technology</a> that could help EVs get a 250-mile range in just over 5 minutes.
Interestingly, Tesla also shared statistics for its <a href="https://www.benzinga.com/25/04/44943086/tesla-announces-more-than-double-the-energy-products-deployed-in-q1-2025-report">energy storage deployments</a> following Tuesday's earnings call, where the company says it deployed more than double the amount of energy storage products in Q1 2025 compared to the same time last year.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/04/44942792/tesla-q1-earnings-call-company-says-more-affordable-models-launching-this-year">Tesla Says More Affordable Models Launching This Year: &#8216;They Will Be Affordable And You&#8217;ll Be Able To Buy One&#8217;</a></li>
</ul>
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Asia

GELYF

China's Geely To Share Battery Safety Patents, Unveils World's Largest EV Safety Lab At Shanghai Auto Show

Chinese electric vehicle heavyweight BYD Company (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) plans to break into Japan's <a target="_blank" href="https://www.benzinga.com/topic/electric-vehicle" rel="noreferrer noopener">light minicar</a> market.
Nikkei Asia <a target="_blank" href="https://asia.nikkei.com/Business/Automobiles/Electric-vehicles/BYD-to-enter-Japan-s-mini-EV-segment-in-2026" rel="noreferrer noopener">reported</a> that the EV maker is planning an early 2026 entry into the market, which has been dominated by local players so far.
BYD is aiming to price its electric minicars at approximately 2.5 million yen ($17,558), placing them among the more affordable options in the segment.
The expansion aligns with the company's accelerating global growth, particularly in Southeast Asia.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/global/25/04/44848073/tesla-rival-xpeng-unveils-bold-vision-ai-powered-evs-flying-cars-humanoid-robots" rel="noreferrer noopener">XPeng Unveils Bold Vision: AI-Powered EVs, Flying Cars, Humanoid Robots</a>
In January, BYD revealed a <a target="_blank" href="https://www.benzinga.com/25/01/43001408/grab-teams-up-with-byd-to-boost-ev-availability-for-southeast-asias-driver-partners" rel="noreferrer noopener">regional collaboration</a> to provide up to 50,000 electric vehicles for Grab's driver-partners throughout Southeast Asia, aiming to boost the presence of eco-friendly transportation options for its customers.
BYD announced a major <a target="_blank" href="https://www.benzinga.com/markets/asia/25/03/44100134/tesla-rival-byd-raises-5-64-billion-through-share-placement-wants-to-use-funds-for-global-domination" rel="noreferrer noopener">capital raise in March to support</a> its global growth and research efforts by entering into an agreement to issue 129.8 million new H shares at HK$335.2 ($43.58) each.
The offering, which accounts for about 4.46% of the company's total shares, is expected to bring in approximately HK$43.38 billion ($5.64 billion) in net proceeds.
The company has led global new energy vehicle sales for three straight years and launched several brands BYD, Fangchengbao, Denza, and Yangwang, to serve a range of segments from mainstream to high-end markets.
In order to strengthen its position against rival Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), BYD unveiled a <a target="_blank" href="https://www.benzinga.com/markets/equities/25/03/44369228/byd-unveils-5-minute-ev-charging-breakthrough-strengthening-edge-over-tesla-stock-spikes-4" rel="noreferrer noopener">charging system capable </a>of fully powering an EV as quickly as refueling a gas vehicle, addressing a major hurdle to broader EV adoption.
China topped worldwide <a target="_blank" href="https://www.benzinga.com/news/global/25/04/44820082/global-electric-vehicle-sales-jump-in-march-what-country-leads-in-sales" rel="noreferrer noopener">electric vehicle sales in the first quarter</a> of 2025, with 2.4 million units sold, a 36% increase from the same period in 2024. Close to one million of those sales occurred in March, approaching the record set in August 2024.
Price Action: BYDDY shares traded lower by 0.71% at $91.22 at the last check on Monday.
Read Next:
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<li><a href="https://www.benzinga.com/general/sports/25/04/44875151/fubo-extends-soccer-reign-in-canada-with-premier-league-renewal" target="_blank" rel="noreferrer noopener">Fubo Extends Soccer Reign In Canada With Premier League Renewal</a></li>
</ul>
Photo by Cobalt S-Elino via Shutterstock

Emerging Markets

Media

Tesla Rival BYD Targets Japan's Minicar Market With For New Affordable EV

Chinese battery manufacturer CATL (Contemporary Amperex Technology Co. Limited) has launched the second-generation ‘Shenxing' fast-charging battery.
What Happened: The company announced the second-generation battery at an event in Shanghai, reported Reuters on Monday. Shenxing batteries would power over 67 new EVs this year, CATL's Chief Technology Officer, Gao Huan, said.
The new battery would enable a range of 520 km or approximately 323 miles on a 5-minute charge. The battery can also be charged from 0% to 80% in 15 minutes in cold weather.
The report also shares that, besides the new battery, CATL also unveiled a new brand called Naxtra for the company's Sodium-ion batteries. Sodium-ion batteries could help reduce the risk of a fire in EVs, some experts suggest.
Why It Matters: Last year, CATL, whose customers also include the likes of Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VLKAF#OTC">VLKAF</a>) and Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), was seeking over <a href="https://www.benzinga.com/news/24/07/39745306/tesla-supplier-catl-seeks-1-5b-funding-to-expand-global-ev-battery-supply-chain">$1.5 billion in funding</a> to bolster its EV battery supply chain.&nbsp;
Elsewhere, fast-charging tech throughout the globe is experiencing rapid development. Recently, leading Chinese automaker BYD Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDD#OTC">BYDD</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44630091/teslas-ev-crown-at-risk-as-byd-closes-in-with-breakthrough-charging-tech">unveiled its fast-charging technology</a>, which could provide approximately 250 miles of range through a 5-minute charge.
In contrast, Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44245123/teslas-charging-empire-faces-headwinds-as-ev-market-stumbles">superchargers provide 170 miles</a> of range on a 10-minute charge, significantly lower than BYD's tech.
Check out more of Benzinga's Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility">following this link</a>
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/tech/25/04/44892799/teslas-india-play-deepens-as-elon-musks-ev-giant-explores-alternate-semiconductor-supply-chains-amid-us-china-trade-war">Tesla&#8217;s India Play Deepens As Elon Musk&#8217;s EV Giant Explores Alternate Semiconductor Supply Chains Amid US-China Trade War</a></li>
</ul>
Image Via Shutterstock

BYDD

VLKAF

Tesla Battery Supplier CATL Unveils New Fast-Charging Battery With 323-Mile Range In Five Minutes

<a href="https://asia.nikkei.com/Business/Automobiles/Electric-vehicles/BYD-to-enter-Japan-s-mini-EV-segment-in-2026" title="https://asia.nikkei.com/Business/Automobiles/Electric-vehicles/BYD-to-enter-Japan-s-mini-EV-segment-in-2026">https://asia.nikkei.com/Business/Automobiles/Electric-vehicles/BYD-to-enter-Japan-s-mini-EV-segment-in-2026</a>

Nikkei Reported China's BYD Plans To Enter Japan's Mini-EV Market In 2026 With $17.7K Electric Minicar

On Friday, China&#8217;s finance ministry announced a 34%&nbsp;tariff on all goods imported&nbsp;from the U.S., effective April 10, in response to the U.S. administration&#8217;s 54% duties imposed by the Trump-led administration during the so-called <a target="_blank" href="https://www.benzinga.com/topic/tariffs" rel="noreferrer noopener">Liberation Day last week</a>.
Trump has&nbsp;threatened to impose an additional 50% duty&nbsp;on Chinese imports if Beijing does not <a target="_blank" href="https://www.benzinga.com/news/global/25/04/44679330/will-trump-impose-higher-tariffs-on-china-crypto-bettors-now-see-an-80-possibility" rel="noreferrer noopener">drop the 34% tariffs</a>.
On Monday, Trump hinted at more openness in trade negotiations with China after threatening to impose a 50% tariff on top of the 54% already levied.
&#8220;China also wants to make a deal badly, but they don&#8217;t know how to get it started,&#8221; <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/25/04/44686417/wall-street-soars-as-trump-teases-trade-deals-magnificent-seven-add-over-500-billion-in-market-value" rel="noreferrer noopener">Trump wrote</a>.
Wedbush analyst Daniel Ives writes that &#8220;saying we can just make this in the USA&#8221; understates how complex the supply chain in Asia really is—and how electronics, chips, semiconductors, hardware, and smartphones have been built for U.S. consumers over the past 30 years.&#8221;
Also Read: <a target="_blank" href="https://www.benzinga.com/economics/macro-economic-events/25/04/44686417/wall-street-soars-as-trump-teases-trade-deals-magnificent-seven-add-over-500-billion-in-market-value" rel="noreferrer noopener">Wall Street Soars As Trump Teases Trade Deals, Magnificent 7 Add Over $500 Billion In Market Value</a>
&#8220;The reason I believe this is the biggest debacle ever seen in the markets is because its purely self-inflicted by Trump, and the logic about &#8220;near-term pain&#8221; is being way miscalculated, which speaks to our concern. It&#8217;s very easy to say &#8220;build in America&#8221; behind a microphone in the Beltway&#8230;the reality is so much different it&#8217;s almost a scary concept,&#8221; says Daniel Ives.
For U.S. tech/auto companies, tariffs are like flipping a boat with no life rafts.
The list of vulnerable companies is long and includes Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), among others.
Building a factory in the U.S. takes four to five years. The analyst explains that high labor costs and other expenses in the U.S. don&#8217;t align with how modern supply chains are designed to operate. This makes it hard to compete with Chinese tech giants like BYD Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), Huawei, Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Tencent Holdings Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCTZF#OTC">TCTZF</a>)—and many others—a big opportunity to expand their global reach.
Also, much of the key technology and intellectual property behind these supply chains is already deeply rooted in Asia. So, any effort to shift production to the U.S. would take at least a decade to make a real impact, Wedbush analyst writes.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44696126/trump-administration-shuts-down-the-department-of-justices-crypto-crime-unit" target="_blank" rel="noreferrer noopener">Trump Administration Shuts Down The Department Of Justice&#8217;s Crypto Crime Unit</a></li>
</ul>
 Image: Shutterstock

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Large Cap

Analyst Ratings

AAPL

BABA

MSFT

NVDA

TCEHY

TCTZF

Trump Tariff Strategy Creates 'Self-Inflicted Market Debacle': Analyst

Wedbush Securities analyst Dan Ives has lowered his Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) price target to $315 from $550 while maintaining an &#8220;outperform&#8221; rating, citing growing concerns about the electric vehicle maker&#8217;s brand perception and softening demand.
What Happened: &#8220;Our long-standing bull view of Tesla remains, but there is no denying this is a pivotal moment of truth for Musk to turn things around&#8230;or darker days are ahead,&#8221; Ives stated in a recent note shared by Tesla investor Sawyer Merritt on X.
The reduced outlook comes as Tesla faces multiple challenges. The company reported a 13% decrease in first-quarter deliveries, marking its lowest performance in nearly three years, despite introducing a refreshed Model Y in China in February.
Gene Munster of Deepwater Asset Management linked Tesla&#8217;s struggles to recent brand damage and predicted 2025 <a href="https://www.benzinga.com/25/04/44646680/tesla-to-face-steeper-sales-dip-in-2025-amid-growing-backlash-against-elon-musk-report">deliveries could drop 9% from the 1.79 million vehicles</a> delivered last year. Deutsche Bank analysts similarly forecast a 5% sales decline.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NEWS: Wedbush analyst <a href="https://twitter.com/DivesTech?ref_src=twsrc%5Etfw">@DivesTech</a> has lowered his <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> price target to $315 (from $550). Dan: "Our long standing bull view of Tesla remains, but there is no denying this is a pivotal moment of truth for Musk to turn things around&#8230;or darker days are ahead. We have been one of…
&mdash; Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1908926942151373034?ref_src=twsrc%5Etfw">April 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The analyst also cut his Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) price target by 23% to $250 from $325, with a bear case of $160 and a bull case of $325 that assumes tariff removal or exemption.
&#8220;The tariff economic Armageddon unleashed by Trump is a complete disaster for Apple given its massive China production exposure,&#8221; Ives said, according <a href="https://www.investors.com/news/tesla-stock-price-target-slashed-43-trump-tariffs-apple-pt-sliced-23/">to</a> Investor&#8217;s Business Daily. &#8220;In our view, no U.S. tech company is more negatively impacted by these tariffs than Apple with 90% of iPhones produced and assembled in China.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/25/04/44659686/stock-futures-tank-dow-sheds-over-1000-points-as-white-house-remains-firm-on-tariffs-trump-says-sometimes-you-have-to-take-medicine">Stock Futures Tank, Dow Sheds Over 1000 Points As White House Remains Firm On Tariffs: Trump Says, &#8216;Sometimes You Have To Take Medicine&#8217;</a>
Why It Matters: These challenges coincide with <a href="https://www.benzinga.com/markets/25/04/44657033/elon-musk-loses-11-billion-as-tesla-stock-plummets-in-wake-of-new-trump-tariffs">broader market turmoil</a>. Tesla&#8217;s stock plunged 10.42% on Friday following President Donald Trump&#8216;s announcement of new tariffs, including a 10% charge on all imported goods and 25% on foreign automobiles. The selloff wiped approximately $11 billion from CEO Elon Musk&#8216;s net worth.
Ives, historically one of Tesla&#8217;s strongest supporters, emphasized that Tesla&#8217;s brand is &#8220;suffering by the day as a political symbol&#8221; – likely referencing Musk&#8217;s controversial political involvement that has sparked consumer backlash.
While acknowledging the difficult road ahead, Ives expressed confidence in Musk&#8217;s ability to navigate the crisis: &#8220;Musk has been with his back against the wall many times and every time Tesla came out of it and was stronger on the other side&#8230;this may be one of his biggest challenges yet to turn around.&#8221;
Tesla faces additional headwinds from intensifying competition, particularly from Chinese manufacturers like BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), and declining market share in Europe.
Read Next: 
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<li><a href="https://www.benzinga.com/tech/25/04/44658417/warren-buffett-stands-tall-in-2025-as-elon-musk-jeff-bezos-and-mark-zuckerberg-bleed-billions-in-net-worth-oracle-of-omaha-emerges-as-lone-gainer-among-top-billionaires-amid-market-rout">Warren Buffett Stands Tall In 2025 As Elon Musk, Jeff Bezos And Mark Zuckerberg Bleed Billions In Net Worth: &#8216;Oracle Of Omaha&#8217; Emerges As Lone Gainer Among Top Billionaires Amid Market Rout</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Dan Ives Cuts Tesla Target To $315, Slashes Apple By 23% Amid Tariff Fallout, Warns Elon Musk-Led EV Maker Faces 'Darker Days' Ahead

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Investors and Market experts are preparing for a possible downturn in Tesla's sales this year, with concerns mounting over the brand's recent struggles.
What Happened: Tesla&#8217;s deliveries in the first three months of this year have seen a 13% decrease, marking the lowest in nearly three years. 
Gene Munster, managing partner at Deepwater Asset Management, links this decline to recent damage to the Tesla brand. He anticipates further decline in growth rates this quarter and predicts that 2025 deliveries will drop 9% from the 1.79 million reported last year, reported Reuters.
Even with the introduction of the refreshed Model Y&nbsp;in China in late February,&nbsp;Deutsche Bank analysts predict&nbsp;a 5% sales drop this&nbsp;year. This prediction is based on a staggered rollout of Tesla&#8217;s anticipated cheaper car.
SEE ALSO&nbsp;<a href="https://benzinga.com/news/25/04/44630762/mark-cuban-says-black-women-entrepreneurs-should-stop-looking-for-funding-heres-the-surprising-reason-why" target="_blank" rel="noreferrer noopener">Mark Cuban Says Black Women Entrepreneurs Should &#8216;Stop Looking For Funding&#8217;—Here&#8217;s The Surprising Reason Why</a>
Meanwhile, Barclays analysts have also expressed concerns about Tesla&#8217;s future growth, stating that the first-quarter delivery number &#8220;sets&nbsp;a challenging path for even&nbsp;flat year-on-year volume&nbsp;in 2025.&#8221; Musk did not reaffirm his previous promise of 20% to 30% volume growth in 2025 during his January update.
Tesla cited the retooling of production lines for the refreshed Model Y at all its factories as the reason for losing several weeks of production in the first quarter. 
Why It Matters: This development follows a warning from Gene Munster earlier this month, who anticipated disappointing delivery numbers for Tesla in the first quarter. Munster also stated, &#8220;The March number is likely going to be ugly. The June will likely be worse. Then things begin to slowly improve.&#8221; <a href="https://www.benzinga.com/markets/equities/25/04/44599196/gene-munster-warns-teslas-q1-deliveries-will-be-ugly-expects-june-to-be-worse-before-gradual-recovery">This prediction</a> signals a stark reversal for Tesla, a company that once projected 20-30% growth.
This downturn in Tesla is also largely attributed to public outcry against CEO Elon Musk&#8216;s political engagements. While reports circulated that Musk is ready for an early exit from the Trump team, both White House and the Tesla CEO have <a href="https://www.benzinga.com/markets/25/04/44623803/elon-musk-white-house-deny-reports-of-tesla-ceos-early-exit-from-trump-team">dismissed the reports </a>as &#8216;Fake&#8217;. 
Wedbush analyst Dan Ives cautioned, Musk&#8217;s role at DOGE &#8220;is not sustainable and the longer Musk stays at DOGE this adds more risk to the Tesla story and could face permanent brand damage.&#8221;
Besides politics, Tesla&#8217;s outdated models have been constantly criticized by buyers. The EV maker is struggling as rivals like BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) introduce competitive EVs, especially in China, where competition is fierce. The company is also losing market share in Europe.
Tesla stock lost more than 4% in Friday&#8217;s pre-market trading. The shares plunged nearly 30% year to date.
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<li>Read Next:&nbsp;<a href="https://benzinga.com/25/04/44640562/cathie-wood-doubles-down-mops-up-another-1-39-million-worth-of-robinhood-stock-amid-trump-tariff-dip" target="_blank" rel="noreferrer noopener">Cathie Wood Doubles Down: Mops Up Another $1.39 Million Worth Of Robinhood Stock Amid Trump Tariff Dip</a></li>
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla Investors On Edge As Elon Musk Backlash Threatens 2025 Sales Outlook

Chinese automaker BYD Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) is reportedly on track to surpass Tesla and become the world&#8217;s top battery electric vehicle brand in 2025, capturing an <a href="https://www.benzinga.com/25/04/44610548/trumps-auto-tariffs-could-crush-demand-blow-26-billion-hole-in-industry-profits" target="_blank" rel="noreferrer noopener">impressive 15.7% global market share.</a>
According to Counterpoint Research&#8217;s latest Global Passenger EV <a href="https://www.counterpointresearch.com/insight/byd-to-surpass-tesla-as-global-bev-leader-in-2025-for-first-time/" target="_blank" rel="noreferrer noopener">Forecast</a> released Wednesday, BYD&#8217;s aggressive growth strategy, fueled by its technological innovations and vertically integrated production model, positions it as a strong contender in the electric vehicle market.
One of BYD&#8217;s most significant advancements is the introduction of its ultra-fast charging system, which sets a new industry benchmark.
Key features of the system include a 1,000V electrical architecture for efficient energy transfer, 10C charging rate batteries that provide up to 400 km of range in just 5 minutes, and silicon carbide power chips for enhanced efficiency and heat resistance.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/04/44621297/tesla-brand-wont-suffer-from-elon-musks-antics-says-analyst-despite-delivery-miss-8-stock-drop-in-after-hours-trading" rel="noreferrer noopener">Tesla Brand Won&#8217;t Suffer From Elon Musk&#8217;s &#8216;Antics,&#8217; Says Analyst Despite Delivery Miss, 8% Stock Drop In After-Hours Trading</a>
The company&#8217;s Blade Battery technology, known for its safety and durability, further optimizes the system for rapid charging, positioning BYD ahead of Tesla&#8217;s Supercharger, which delivers only 275 km in 10 minutes, according to Counterpoint Research.
Tesla, however,<a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/04/44611347/is-elon-musk-leaving-doge-role-trump-tells-cabinet-move-could-happen-soon-report" rel="noreferrer noopener"> is facing several challenges.</a>
The report says these include reputational issues due to CEO Elon Musk&#8216;s controversial political stances, softening sales in key markets, and escalating geopolitical risks, particularly U.S.-China trade tensions.
The electric vehicle company produced 362,615 vehicles (including 345,454 Model 3/Y)in the first quarter, down from <a href="https://www.benzinga.com/markets/equities/24/04/38047077/tesla-stock-dives-as-q1-deliveries-disappoint-but-ev-giant-reclaims-top-spot-from-chinese-rival" target="_blank" rel="noreferrer noopener">433,371 a year ago</a>.
t delivered 336,681 vehicles (323,800 Model 3/Y) in Q1, down from 386,810 vehicles a year ago.
Wedbush analyst Daniel Ives <a href="https://www.benzinga.com/analyst-ratings/price-target/25/03/44519930/tesla-turmoil-analyst-pins-hope-new-era-robotics-fsd">projected first-quarter revenue</a> of $24.05 billion and EPS of 56 cents. He expects the first quarter to be the "low point."
With these headwinds, Tesla&#8217;s growth could slow down through 2025.
BYD&#8217;s vertically integrated supply chain, which controls components like batteries and motors, gives the company a competitive pricing edge and operational efficiency.
If the fast-charging system delivers as promised, 2025 could be a defining year for BYD, cementing its place as a global BEV leader.
Price Action: TSLA shares are trading lower by 5.71% to $266.98 premarket at last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/25/04/44623803/elon-musk-white-house-deny-reports-of-tesla-ceos-early-exit-from-trump-team" target="_blank" rel="noreferrer noopener">Elon Musk, White House Deny Reports Of Tesla CEO&#8217;s Early Exit From Trump Team</a></li>
</ul>
Photo by Philip Lange on Shutterstock.

Movers

Tesla's EV Crown At Risk As BYD Closes In With Breakthrough Charging Tech

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) announced the details of its <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44606521/tesla-first-quarter-2025-production-deliveries-deployments" rel="noreferrer noopener">first-quarter production</a>, deliveries, and deployment on Wednesday. The stock fell after the disclosure.
The electric vehicle company produced 362,615 vehicles (including 345,454 Model 3/Y), down from <a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38047077/tesla-stock-dives-as-q1-deliveries-disappoint-but-ev-giant-reclaims-top-spot-from-chinese-rival" rel="noreferrer noopener">433,371 a year ago</a>.
It delivered 336,681 vehicles (323,800 Model 3/Y), down from 386,810 vehicles a year ago.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/25/03/44330619/tesla-bets-on-low-cost-evs-in-china-after-february-sales-hit-two-year-low" rel="noreferrer noopener">Tesla Bets On Low-Cost EVs in China After February Sales Hit Two-Year Low</a>
The company said that while the changeover of Model Y lines across all four of its factories led to the loss of several weeks of production in the first quarter, the ramp of the New Model Y continues to go well.
Tesla also deployed 10.4 GWh of energy storage products.
Tesla stock has plunged 32% year-to-date. The company&#8217;s U.S. registrations dropped 11% in January, while rivals like Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) saw a 44% surge.
Tesla&#8217;s EU registrations <a target="_blank" href="https://www.benzinga.com/25/03/44283118/tesla-loses-ground-in-us-ev-market-while-rivals-accelerate-ahead-in-january-report" rel="noreferrer noopener">halved in January</a> as brand sentiment and political backlash weigh on growth. Meanwhile, Musk&nbsp;announced that&nbsp;Tesla&nbsp;would double its vehicle production in the U.S. within two years.
Additionally, President Donald Trump transformed the White House to showcase Tesla vehicles in solidarity with&nbsp;his senior advisor and de facto head of the Department of Government Efficiency (DOGE), Musk and his company. Trump also&nbsp;purchased a Tesla Model S Plaid.
Musk has acknowledged the challenges of running his business while working with DOGE amid a massive decline in Tesla&#8217;s stock price.&nbsp;
Wedbush&nbsp;analyst Daniel Ives projected <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/03/44519930/tesla-turmoil-analyst-pins-hope-new-era-robotics-fsd" rel="noreferrer noopener">first-quarter deliveries</a> in the 355,000-360,000 range. That&#8217;s down ~7%, courtesy of demand softness in Europe, the U.S., and China.
Ives estimated that 30% of the very soft first-quarter delivery number is related to Tesla chief Elon Musk, the brand, and DOGE. About 70% is more timing and non-brand headwind issues.
Ives projected first-quarter revenue of $24.05 billion and EPS of 56 cents. He expects the first quarter to be the &#8220;low point.&#8221;
Tesla&#8217;s full self-driving technology, affordable vehicle launch, more Model 3/Y refreshes, and autonomous and robotics/Optimus technology improvements &#8220;set the stage for a new era of growth,&#8221; according to the analyst.
Price Action: TSLA stock is down 1.20% at $265.23 at the last check on Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/04/44582215/chinas-xpeng-clocks-record-q1-ev-sales-deliveries-surge-3-6x" target="_blank" rel="noreferrer noopener">China&#8217;s XPeng Clocks Record Q1 EV Sales, Deliveries Surge 3.6X</a></li>
</ul>
Image via Shutterstock

VWAGY

XPEV

Tesla's Deliveries Slide In Q1 Amid Production Setbacks, Political Backlash

Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) sales in key European markets continued their downward trend in March, extending losses for a third consecutive month in multiple countries as the electric vehicle maker faces mounting challenges from <a href="https://www.benzinga.com/markets/equities/25/04/44599196/gene-munster-warns-teslas-q1-deliveries-will-be-ugly-expects-june-to-be-worse-before-gradual-recovery">Chinese competition and backlash</a> against CEO Elon Musk&#8216;s political activities.
What Happened: New Tesla registrations in France dropped 36.8%, Sweden fell 63.9%, and Norway slipped 1% compared to March 2024, according to official data. 
Denmark and the Netherlands saw even steeper declines of 65.6% and 61%, respectively, reported Reuters. First-quarter sales were down across all these markets, with quarterly declines ranging from 12.5% in Norway to 55.3% in both Sweden and Denmark.
Musk&#8217;s increasingly visible political activities, including support for far-right parties in Europe and his close alliance with U.S. President Donald Trump, appear to be alienating potential customers. 
This political stance has made Tesla vehicles and showrooms targets for vandalism, with <a href="https://in.benzinga.com/markets/equities/25/03/44555726/chamath-palihapitiya-claims-tesla-attacks-part-of-organized-effort-against-elon-musks-doge-role">cars burned and dealerships spray-painted</a> in Rome, Berlin, and Stockholm in recent days.
&#8220;We&#8217;re all embarrassed,&#8221; said Luca Del Bo, president of Italy&#8217;s Tesla owners club. &#8220;We&#8217;d all be happy of course if Musk just went back to just being a CEO.&#8221;
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44599257/bitcoin-ethereum-dogecoin-edge-higher-as-market-braces-for-trumps-liberation-day-why-arthur-hayes-still-sees-btc-hitting-250000-by-year-end">Bitcoin, Ethereum, Dogecoin Edge Higher As Market Braces For Trump&#8217;s &#8216;Liberation Day:&#8217; Why Arthur Hayes Still Sees BTC Hitting $250,000 By Year-End</a>
Why It Matters: Analysts expect Tesla to announce disappointing first-quarter global deliveries on Wednesday. Deepwater Asset Management&#8216;s Gene Munster predicts <a href="https://in.benzinga.com/markets/equities/25/04/44599196/gene-munster-warns-teslas-q1-deliveries-will-be-ugly-expects-june-to-be-worse-before-gradual-recovery">approximately 355,000 deliveries</a>, down about 8% year-over-year and below the analyst consensus of 377,592. Prediction markets on Kalshi give just a 56% probability of Tesla exceeding 350,000 deliveries.
The company&#8217;s European market share has declined, with brands like BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) and other Chinese EV makers gaining ground.
Price Action: Tesla Inc. closed at $268.46 on Tuesday, gaining 3.59% for the day. In after-hours trading, the stock edged down 0.14% to $268.08. Year to date, Tesla has fallen 29.22%.
Tesla stock has outperformed rivals Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) but trails Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) in short- to long-term price trends, according to Benzinga Edge Stock Ranking. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Sign up to learn more</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/25/04/44601019/as-uncle-sam-tightens-purse-strings-palantir-is-feeling-the-squeeze">Elon Musk&#8217;s DOGE, Tightening Purse Strings Spell Trouble For Palantir: Here&#8217;s Why The AI Darling Is Facing The Heat</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

LCID

RIVN

Tesla's European Sales Decline For 3rd Consecutive Month Amid China Competition, CEO Elon Musk's Political Controversies

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk doubled down on his longtime <a href="https://www.benzinga.com/25/01/43327837/tesla-ceo-elon-musk-dismises-lidar-again-says-if-humans-drive-without-shooting-lasers-from-their-eyes-so-can-autonomous-cars">skepticism of LiDAR technology</a> on Thursday following the videos of YouTubers testing his EV vehicles against a ‘Wile E. Coyote' fake wall challenge.
What Happened: Musk took to X, formerly Twitter, to repeat a key pillar of Tesla's self-driving vision: cameras and AI are all you need.
"People don't shoot lasers out of their eyes to drive," Musk wrote, sharing an old clip from Tesla's 2019 Autonomy Day. "Just try Tesla self-driving today, which just uses cameras and AI, and you will understand."
In the video, Musk called LiDAR a "fool's errand," saying, "Anyone relying on LiDAR is doomed. Doomed! Expensive sensors that are unnecessary… like having a whole bunch of expensive appendices."
See Also: <a href="https://www.benzinga.com/media/25/03/44508019/tesla-and-other-us-robotics-giants-demand-federal-strategy-to-compete-with-chinas-138-billion-push-warn-america-will-lose-the-race-without-it">Tesla And Other US Robotics Giants Demand Federal Strategy To Compete With China&#8217;s $138 Billion Push — Warn America Will Lose The Race Without It</a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">People don't shoot lasers out of their eyes to drive. Just try Tesla self-driving today, which just uses cameras and AI, and you will understand. <a href="https://t.co/uArUTLAhlF">https://t.co/uArUTLAhlF</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1905296913567506951?ref_src=twsrc%5Etfw">March 27, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Unlike <a href="https://www.benzinga.com/news/24/11/41676465/tesla-can-make-cybercab-for-the-same-money-it-takes-waymo-to-install-lidar-sensors-on-its-robotaxi-s">competitors such as</a> Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Waymo and General Motors Co.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) Cruise, Tesla has famously avoided using LiDAR, opting instead for a vision-based system.
However, in a twist, a 2024 earnings report from LiDAR manufacturer Luminar revealed that Tesla had quietly become its biggest customer. The EV giant accounted for over 10% of Luminar's first-quarter revenue, totaling more than $2 million.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It's Important: Musk's latest statement on LiDAR came just weeks after a YouTube video by Mark Rober, known for his science and engineering experiments, surfaced.
The video tested Tesla's camera-only Autopilot/FSD system against a LiDAR-based setup powered by Luminar's technology.
The results indicated that the LiDAR system outperformed the camera-based approach, mainly due to its superior performance in fog and rain, where visibility is reduced.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Can You Fool A Self Driving Car?" width="500" height="281" src="https://www.youtube.com/embed/IQJL3htsDyQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
In response to Rober&#8217;s Tesla fake wall test, creator Kyle Paul shared his video aiming to explore whether the company's Full Self-Driving (FSD) system can detect a Wile E. Coyote-style road obstruction in real-world conditions.
In Paul's experiment, the Model Y running FSD version 12.5.4.2 performed no better than in Rober's test—requiring manual intervention to avoid crashing into the fake wall, which appeared less convincing to the human eye. However, Tesla saw a glimmer of success with the Cybertruck, running FSD version 13.2.8, which successfully detected the obstruction and slowed down, ultimately coming to complete stop.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Re: Can You Fool A Self Driving Car?" width="500" height="281" src="https://www.youtube.com/embed/9KyIWpAevNs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Meanwhile, China has also made significant progress in lidar innovation. According to Tokyo-based Patent Result, Chinese companies have filed over 25,000 lidar-related patent applications since 2000—far more than the 18,000 from American firms or the 13,000 from Japanese companies, <a href="https://asia.nikkei.com/Business/Automobiles/China-extends-lead-in-lidar-tech-crucial-to-self-driving-cars">reported</a> Nikkei Asia in 2024.
Chinese firms like Hesai Technology and RoboSense now dominate the global lidar market. Hesai, which supplies companies like GM Cruise and Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), held a 47% market share in 2022.
Last month, it was reported that Hesai Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) enhanced <a href="https://in.benzinga.com/news/25/02/43629182/hesais-lidar-takes-bigger-role-byds-gods-eye-advanced-driver-assistance">collaboration with Chinese EV</a> giant BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>).
Under the agreement, Hesai will supply LiDAR sensors for over 10 of BYD's upcoming models, which are set for mass production in 2025.
Previously, it was reported that <a href="https://www.benzinga.com/25/01/43327837/tesla-ceo-elon-musk-dismises-lidar-again-says-if-humans-drive-without-shooting-lasers-from-their-eyes-so-can-autonomous-cars">Tesla&#8217;s sales in China dropped</a> to 30,688 units in February 2025, marking the lowest monthly figure since July 2022.
Price Action: Tesla shares rose 0.39% on Thursday, closing at $273.13, before dipping 0.12% to $272.80 in after-hours trading. Year-to-date, the stock has fallen 27.99%, according to <a href="http://pro.benzinga.com/">Benzinga Pro data</a>.
Benzinga's Edge Rankings give Tesla (TSLA) a 68.11% growth rating. Want to see how it compares to other companies?<a href="https://www.benzinga.com/quote/TSLA"> Click here for the full breakdown</a>.
Image via Shutterstock
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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<li><a href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" target="_blank" rel="noreferrer noopener">Tim Cook Praises China's DeepSeek For Driving Efficiency, Stresses Apple's ‘Prudent And Deliberate' Approach Toward Capital Expenditure</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BIDU

GOOG

GOOGL

HSAI

Elon Musk Says Tesla Doesn't Need Lidar Because 'People Don't Shoot Lasers Out Of Their Eyes' After YouTubers Put His Cars Through Wylie E. Coyote Tests

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock is roaring back after a steep decline, surging over 10% on Monday morning as buyers stepped in following <a href="https://www.benzinga.com/quote/TSLA/news">a recent pullback</a>. 
The stock had been under heavy selling pressure, but renewed enthusiasm around its <a href="https://www.benzinga.com/25/02/43932533/tesla-starts-rolling-out-fsd-features-in-china">Full Self-Driving (FSD) rollout in China</a>, easing tariff concerns, and technical support levels appear to be fueling the rebound.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="618" height="487" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/24103818/Screenshot-2025-03-24-at-8.05.39-PM.png" alt="" class="wp-image-838686" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/24103818/Screenshot-2025-03-24-at-8.05.39-PM.png 618w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/24103818/Screenshot-2025-03-24-at-8.05.39-PM-300x236.png 300w" sizes="(max-width: 618px) 100vw, 618px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
<h2 class="wp-block-heading">TSLA Stock: Buyers Step In, But Challenges Remain</h2>
Despite Monday's 10% pop, Tesla's stock is down 28% year to date and 17% over the past month. The bearish setup is undeniable:
<ul>
<li>Tesla stock trades below its five-day, 20-day and 50-day exponential moving averages.</li>
<li>The eight-day simple moving average (SMA) of $243.48 and 20-day SMA of $258.95, signal some bullish momentum, with the current price at $273.00.</li>
<li>However, Tesla's 50-day SMA ($332.89) and 200-day SMA ($284.66) all point to a bearish trend.</li>
<li>The Moving Average Convergence Divergence (MACD) indicator at a negative 24.83 reinforces the bearish sentiment.</li>
<li>The Relative Strength Index (RSI) has risen back at 48.01, suggesting Tesla stock seems to have dodged the oversold territory, for now at least.</li>
</ul>
Read Also: <a href="https://www.benzinga.com//node/44459470">US Business Activity Rebounds As Services Growth Outpaces Forecasts, Yet Cost Pressures Intensify</a>
<h2 class="wp-block-heading">FSD In China &amp; Tariff Relief: Key Catalysts</h2>
Tesla's FSD rollout in China could provide a much-needed catalyst for further upside. While sales were expected, the big question is whether Chinese consumers will pay a premium for it, given that local rival BYD Co Ltd (OTCPK:BYDDF) offers driver-assist tech for free. If FSD adoption gains momentum, it could significantly boost Tesla's competitive position in the region.
Additionally, investors are cheering reports that former President Donald Trump is backing off some broad tariff threats made just weeks ago. The potential easing of trade tensions is seen as a positive for Tesla, which has significant exposure to China's electric vehicle market.
<h2 class="wp-block-heading">What's Next For TSLA?</h2>
Tesla's ability to sustain its rally will likely depend on whether buying pressure continues, and if fundamental catalysts such as the FSD launch and tariff relief can outweigh bearish technical signals. The upcoming first-quarter delivery report on April 2 will be another key moment for investors to watch.
With strong early trading momentum and buyers stepping in, Tesla's recovery is gaining traction. The next test? 
Whether this surge can break through key resistance levels and turn the tide for good.
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</ul>
Image created using artificial intelligence via Midjourney.

Technicals

Trading Ideas

Tesla Jumps 10% On China FSD Optimism, Tariff Easing Hopes

Beijing has reportedly put on hold the approval for BYD Co Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) to set up a manufacturing plant in Mexico amid fear of key technology leakage to the U.S.
What Happened: For Chinese automakers to manufacture overseas, they need approval from China&#8217;s commerce ministry. The ministry has not yet given the go-ahead due to concerns that Mexico could gain unrestricted access to BYD&#8217;s advanced technology and know-how, possibly granting the U.S. access to it, according to <a href="https://www.ft.com/content/36ae6f78-aadb-47bb-a5cd-ec69b420cbe1">a</a> report from the&nbsp;Financial Times&nbsp;on Thursday.
BYD, China&#8217;s largest electric-vehicle maker had previously announced plans in 2023 to establish&nbsp;an automobile plant in Mexico. The company also expressed intentions to manufacture cars in Brazil, Hungary, and Indonesia. The proposed Mexican plant is expected to generate 10,000 jobs and manufacture 150,000 vehicles per year.
&#8220;The commerce ministry&#8217;s biggest concern is Mexico&#8217;s proximity to the U.S.,&#8221; a source familiar with the matter told FT. Beijing is also focusing on projects in countries participating in China&#8217;s Belt and Road Initiative infrastructure development program.
BYD&#8217;s Executive Vice-President, Stella Li, stated that the company has &#8220;not&nbsp;decided [on] the Mexico facility&nbsp;yet&#8221;. In February 2024, Zou Zhou, manager of BYD Mexico, reiterated that the company was exploring the possibility of establishing an electric vehicle (EV) plant in Mexico.
SEE ALSO: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44395095/recession-would-be-a-big-catalyst-for-bitcoin-blackrocks-head-of-digital-assets-says">Recession Would Be &#8216;A Big Catalyst For Bitcoin,&#8217; BlackRock&#8217;s Head Of Digital Assets Says</a>
Why It Matters: The shifting geopolitical dynamics and Mexico&#8217;s efforts to maintain relations with the US have also contributed to the delay. The U.S. suspects that Mexico serves as a &#8220;backdoor&#8221; for Chinese goods to enter the country duty-free under the North American Free Trade Agreement.
In retaliation, Mexico has imposed tariffs on Chinese textiles and initiated anti-dumping investigations into steel and aluminum products from China.
This delay in approval comes at a time when BYD is making significant strides in the EV market. On Monday, BYD unveiled a <a href="https://www.benzinga.com/markets/equities/25/03/44369228/byd-unveils-5-minute-ev-charging-breakthrough-strengthening-edge-over-tesla-stock-spikes-4">groundbreaking charging system</a> that can fully charge an EV in just five minutes, potentially eliminating one of the biggest barriers to EV adoption worldwide. 
This technological breakthrough has strengthened BYD&#8217;s competitive edge over other EV makers, including Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). The delay in setting up the Mexican plant could potentially impact BYD&#8217;s global expansion plans and its position in the EV market.
The US-ADR of BYD climbed 12.2% over the past month, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The ADR climbed 2.47% on Tuesday to close at $52.67.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Beijing Pauses Approval For BYD's Mexico Plant Over Tech Leak Worries: 'Biggest Concern Is Mexico's Proximity To The US'

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock climbed 3.70% during the pre-market trading session on Wednesday as it attempted to rebound from the gloom surrounding the past trading sessions.
What Happened: In Tuesday&#8217;s interview on Fox News&#8217;s Sean Hannity, CEO Elon Musk responded to the protests, expressing surprise at the &#8220;level of hatred and violence from the [political] left.&#8221;
He defended Tesla as a &#8220;peaceful company&#8221; that has &#8220;never done anything awful.&#8221; Musk also touched upon the Department of Government Efficiency (DOGE), which he oversees.
He underscored the high national debt, pointing out that interest payments surpass the entire military budget.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Elon Musk laments &#039;deranged&#039; Democrats&#039; attacks on Tesla plants" width="500" height="281" src="https://www.youtube.com/embed/03-FBV1T1Lc?start=893&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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In another positive development, Tesla secured its <a href="https://www.benzinga.com/25/03/44392619/elon-musks-tesla-secures-first-approval-towards-rolling-out-robotaxi-in-california">first permit in California</a>, a significant step towards launching a robotaxi service, enabling the company to operate a fleet of vehicles for scheduled trips.
However, the permit does not allow Tesla to offer autonomous rides or run a public ride-hailing service. Musk has turned his attention to robotaxis as sales slow, pledging to launch driverless services in California and Texas this year.
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Why It Matters: Tesla investors are going through a period of uncertainty amid declining share prices and ongoing protests against the company.
Rising competition from Chinese EV manufacturer BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) has also added to the concerns. All these factors have triggered a substantial sell-off of shares. As of Wednesday, Tesla&#8217;s stock had dipped about 47% since the Jan. 20 inauguration of President Donald Trump.
According to RBC Capital analyst Tom Narayan, &#8220;Much of the attention around Tesla has centered on <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44380301/tesla-analyst-says-demand-fears-overblown-but-has-some-concerns-as-used-car-prices-plummet">its recent delivery </a>performance in Jan and Feb in Europe and China.&#8221;
He believes that concerns about demand are likely exaggerated, as Europe and China account for only a small share of Tesla&#8217;s total vehicle sales. However, the analyst is concerned as Tesla used car prices are declining at three times the pace of the overall used car market.
On Tuesday, Tesla stock declined 5.35% to close at $225.31. Over the past 12 months, the stock gained over 31%, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla Stock Surges Nearly 4% In Pre-Market: What's Going On?

Warren Buffett-backed Chinese EV giant BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) is reportedly contemplating establishing a third assembly plant in Germany.
What Happened: According to a report by Reuters, BYD is looking to expand its manufacturing footprint in Europe and is considering Germany for its third plant. This move comes after Germany, Europe&#8217;s largest economy, opposed EU tariffs on Chinese-made electric vehicles last year.
The company is planning the third plant to expand its manufacturing footprint in Europe to boost sales of its affordable vehicles and compete with European rivals. With this, the company aims to circumvent import tariffs imposed by the EU on China-made EVs in the previous year.
Stella Li, BYD&#8217;s executive vice president, previously mentioned the possibility of a third European facility in an interview with Automobilwoche. While Hungary and Turkey are already in the works, Germany is a leading candidate for the new plant.
Also Read:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44299887/tsla-stock-may-see-a-significant-upswing-says-jim-cramer-should-be-ready-to-rally-maybe-furiously"> TSLA Stock May See A Significant Upswing, Says Jim Cramer: &#8216;Should Be Ready To Rally, Maybe Furiously&#8217;</a>
However, the decision is under scrutiny due to Germany&#8217;s high labor and energy costs, as well as low productivity and flexibility. The report, citing a source who wished to remain anonymous, noted that BYD is also considering Western Europe to enhance brand recognition and acceptance as a local manufacturer.
Why It Matters: The potential establishment of a new plant in Germany is part of <a href="https://www.benzinga.com/markets/penny-stocks/24/07/39690741/byd-has-its-eyes-set-on-conquering-europe">BYD&#8217;s aggressive expansion strategy</a> in Europe. The company has already made significant strides by entering the Greek market with its popular Atto 3 and Seal EV models.
BYD is adhering to Beijing&#8217;s directive to avoid investing in countries that supported the EU tariffs, excluding some EU nations like Italy and France from consideration. The final decision will depend on BYD&#8217;s sales performance in Europe and the capacity utilization of its Hungarian and Turkish plants.
In July 2024, BYD announced a $1 billion factory in Turkey. This facility is expected to produce 150,000 EVs annually, further solidifying BYD&#8217;s foothold in the region.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Global

Warren Buffett-Backed BYD Eyes Germany For Third European Plant Amid Tariff Concerns: Report

BYD Company Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), the world&#8217;s leading electric vehicle manufacturer for three consecutive years, and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rival announced a significant capital raise through a placement of new H shares to fund its ambitious global expansion plans and research initiatives.
What Happened: The Chinese EV giant entered into a placement agreement on Mar. 3 to issue 129.8 million new H shares at HK$335.2 ($43.58) per share, according to a company announcement. The placement, representing approximately 4.46% of BYD&#8217;s total issued shares, is expected to generate net proceeds of approximately HK$43.38 billion ($5.64 billion).
The placement price represents a 7.8% discount to Monday&#8217;s closing price of HK$363.6 on the Hong Kong Stock Exchange.
Goldman Sachs, UBS, and CITIC Securities will serve as placing agents and capital markets intermediaries, while CMB International Capital will act as lead managers for the transaction.
&#8220;The company will continue to invest in research and development in the field of intelligentization to seize the critical opportunities in the next stage of new energy automobile industry,&#8221; BYD stated in the announcement. The company plans to use the proceeds to fund R&amp;D, expand overseas operations, supplement working capital, and for general corporate purposes.
See Also: <a href="https://www.benzinga.com/general/social-media/25/03/44098232/markets-tank-after-trump-confirms-more-tariffs-heres-what-wall-street-is-saying">Markets Tank After Trump Confirms More Tariffs: Here&#8217;s What Wall Street Is Saying</a>
Why It Matters: BYD has accelerated its international expansion while maintaining dominance in China. The company has ranked first globally in new energy vehicle sales for three consecutive years and has established multiple brands including BYD, Fangchengbao, Denza, and Yangwang to target different market segments from <a href="https://in.benzinga.com/25/03/44072164/tesla-rival-byd-more-than-doubles-passenger-vehicle-sales-in-february-thriples-production">mass-market to luxury vehicles</a>.
The placement is subject to regulatory approvals, including listing permission from the Hong Kong Stock Exchange. BYD&#8217;s chairman Wang Chuan-fu, who owns a substantial stake in the company, has agreed to a 90-day lock-up period following the share issuance.
BYD has emphasized its commitment to advancing vehicle intelligence, introducing strategies like &#8220;Full Vehicle Intelligence&#8221; and &#8220;Intelligent Driving for All&#8221; while equipping all its models with advanced autonomous driving systems.
Price Action: BYD shares traded on the Hong Kong Stock Exchange declined, 7.21% to HK$337.40 ($43.39) as of 10:32 am local time. 
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla Rival BYD Raises $5.64 Billion Through Share Placement, Wants To Use Funds For Global Domination

U.S. President Donald Trump has announced his intention to impose a 25% tariff on auto imports, alongside chips and&nbsp;pharmaceuticals, causing a stir in international trade.
What Happened: Trump disclosed on Tuesday his plan to implement auto tariffs &#8220;in the neighborhood of 25%&#8221;. These tariffs are anticipated to take effect as early as April 2, following a report from his cabinet members outlining options for import duties, according to a&nbsp;Reuters report&nbsp;today. 
The President also announced that sectoral tariffs on pharmaceuticals and semiconductor chips would start at &#8220;25% or higher&#8221; and rise substantially during the course of a year. He did not specify a date for announcing those duties, stating that he wanted to allow drug and chip manufacturers time to establish U.S. factories and avoid tariffs.
Trump also declared that he anticipated some of the world&#8217;s largest companies would announce new investments in the U.S. within the next few weeks.
Following this announcement, Asian stocks retreated after a five-day rally due to increasing trade tensions and geopolitical uncertainty. The MSCI Asia Pacific Index dipped slightly, driven by declines in stocks from Hong Kong and Japan, particularly Japanese automakers like Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) and Honda Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>). However, semiconductor stocks rose in China.
Meanwhile, Tesla Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Chinese rivals NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) ended mixed on Wednesday. 
SEE ALSO:<a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43805107/vivek-ramaswamy-foresees-bitcoin-as-a-more-common-corporate-treasury-holding-as-era-of-easy-money-ends"> Vivek Ramaswamy Foresees Bitcoin As A &#8216;More Common&#8217; Corporate Treasury Holding As Era Of Easy Money Ends</a>
Why It Matters: Trump has consistently expressed his dissatisfaction with what he perceives as the unfair treatment of U.S. automotive exports in international markets. A 25% auto import tariff would heavily impact the global auto industry, which is already facing uncertainty due to Trump&#8217;s tariff policies. Notably, Trump, during his first term, threatened to impose a similar 25% car tariff but ultimately refrained from doing so.
Last week, Trump was considering imposing a tariff of up to <a href="https://www.benzinga.com/25/02/43660030/trump-tariff-threats-put-pressure-on-taiwan-semiconductor-could-push-advanced-packaging-capacity-to-us">100% on Taiwanese semiconductors </a>to make the U.S. self-reliant. On this, Stephen Ezell,&nbsp; vice president for global innovation policy at the&nbsp;Information Technology and Innovation Foundation (ITIF) told CNA, &#8220;It would have a very significant and very deleterious impact on the business models of companies like Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Nvidia Corp.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) that rely on TSMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) (for their chip manufacture.&#8221;
Previously, Kevin O&#8217;Leary, a Shark Tank investor, voiced his frustration over Canada&#8217;s trade situation with the U.S. suggesting that <a href="https://www.benzinga.com/startups/25/02/43729940/trumps-tariffs-could-raise-taxes-by-1-trillion-kevin-oleary-calls-it-the-beginning-of-a-negotiation">Trump&#8217;s tariffs could raise taxes by $1 trillion</a>. These developments underscore the potential economic implications of Trump&#8217;s tariff policies.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump Announces 25% Tariff On Auto Imports, Chips And Pharmaceuticals, Shaking Global Trade: Nvidia, Apple, TSMC And Others In Focus

Chinese technology stocks extended gains Tuesday, as investors continued to react to President Xi Jinping&#8216;s supportive stance toward the private sector demonstrated at Monday&#8217;s <a href="https://www.benzinga.com/markets/asia/25/02/43761193/xi-jinping-and-jack-mas-upcoming-meeting-a-clear-message-of-beijings-support-stock-soars-in-hong-kong-ahead-of-earnings">high-level business symposium</a>.
What Happened: By 11:59 a.m. Hong Kong time, the Hang Seng Index had surged 2.5% to 23,080, and mainland China&#8217;s CSI 300 Index had advanced 0.40% to 3,963. Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#OTC">BABAF</a>) surged 4.34% to HKD 127.50 ($16.39), while Xiaomi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) climbed 5.87% to HKD 47.80 ($6.14).
Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) rose 3.42% to HKD 510.50 ($65.62), as JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) added 0.95% to HKD 158.60 ($158.60) and Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) gained 1.06% to HKD 90.80 ($11.67).
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43771666/bitcoin-dogecoin-weak-ethereum-rebounds-amid-muted-investor-sentiment-eth-moving-to-cold-wallets-at-shocking-pace-a-positive-for-price-action-in-the-long-term">Bitcoin, Dogecoin Weak, Ethereum Rebounds Amid Muted Investor Sentiment: ETH Moving To Cold Wallets At &#8216;Shocking Pace&#8217; A Positive For Price Action In The Long-Term</a>
Why It Matters: The market enthusiasm follows Xi&#8217;s Monday meeting with prominent business leaders, including Alibaba founder Jack Ma&#8216;s first major public appearance with top leadership since Beijing&#8217;s 2020 tech crackdown. 
The gathering, which included executives from Xiaomi, Huawei, and BYD Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), comes amid escalating U.S.-China tensions, with recent retaliatory tariffs and export controls on critical minerals <a href="https://www.benzinga.com/markets/asia/25/02/43761193/xi-jinping-and-jack-mas-upcoming-meeting-a-clear-message-of-beijings-support-stock-soars-in-hong-kong-ahead-of-earnings">affecting both nations</a>.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ALIBABA GROUP HOLDING LTD by Alibaba Group Holding Limited

BABAF

XIACY

Xi Jinping's Supportive Appearance Sparks Chinese Tech Rally For Second Day: Alibaba, Xiaomi Surge Over 4% On Hong Kong Exchange

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares are trading lower Tuesday after competitor BYD Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) announced plans to include <a href="https://www.benzinga.com/25/02/43620349/tesla-still-on-track-to-launch-autonomous-ride-hailing-in-austin-by-june-says-elon-musk">self-driving technology in its vehicles</a>.
What To Know: At a China-based launch event late Monday, BYD founder and chairman Wang Chuanfu announced that advanced smart driving will become a standard feature on BYD cars, according to <a href="https://www.cnbc.com/2025/02/11/byd-rolls-out-driver-assist-tech-for-evs-with-deepseeks-ai-help.html">CNBC</a>.
BYD previously took a more cautious approach to autonomous vehicles, but now appears to be leaning into the technology. Tesla shares traded lower on the news as the Elon Musk-led company is seen as one of the leaders in autonomous driving technology. It&#8217;s worth noting that BYD <a href="https://www.benzinga.com/25/01/42780142/chinese-player-byd-overtakes-tesla-yet-again-as-worlds-biggest-ev-seller-in-q4">overtook Tesla</a> as the world's largest battery electric vehicle seller in the fourth quarter. 
At the event on Monday, BYD said it will release the &#8220;DiPilot&#8221; assisted driving system across its entire vehicle lineup. The company&#8217;s low-cost vehicle priced at 69,800 yuan ($9,555) will include the assisted driving system making the company the first automaker in China to offer self-driving technology for a vehicle priced below 70,000 yuan. 
BYD also announced that it will integrate AI capabilities from Chinese startup DeepSeek, who reportedly developed an open-source LLM in a couple of months at a much lower cost than competitors. The China-based automaker expects the self-driving technology to improve safety and the AI implementation to help improve the technology over time. 
Check This Out: <a href="https://www.benzinga.com/markets/equities/25/02/43615191/byds-gods-eye-and-huaweis-autonomous-driving-progress-spark-concerns-for-tesla-ross-gerber-points-out-all-use-lidar#google_vignette">BYD&#8217;s &#8216;God&#8217;s Eye&#8217; And Huawei&#8217;s Autonomous Driving Progress Spark Concerns For Tesla: Ross Gerber Points Out, &#8216;All Use LIDAR&#8217;</a>
The report indicates that BYD launched more than 20 models with its new driver-assistance technology on Monday. 
Meanwhile, Tesla on Monday announced that it&#8217;s <a href="https://www.benzinga.com/25/02/43620349/tesla-still-on-track-to-launch-autonomous-ride-hailing-in-austin-by-june-says-elon-musk">&#8220;still on track&#8221;</a> to launch autonomous ride-hailing services in Austin in June. Musk said in a post on <a href="https://x.com/elonmusk/status/1889006561541882170?ref_src=twsrc%5Etfw">X</a> that the EV maker remains on track to roll out the offering to &#8220;many cities&#8221; across the U.S. later this year. 
&#8220;The threshold is achieving safety far in excess of the average human driver &#8230; Ultimately autonomous,&#8221; Musk said. 
Tesla&#8217;s Full-Self Driving has not yet been approved in China. Musk previously said it could be available as soon as the end of 2024. On an <a href="https://www.benzinga.com/news/earnings/25/01/43321103/tesla-q4-earnings-highlights-revenue-miss-eps-miss-ev-updates-automaker-says-2025-will-be-a-seminal-year">earnings call</a> last month, the Tesla chief said the delays were due to local restrictions that make it difficult to quickly develop a compliant version of the system.
&#8220;2025 will be a seminal year in Tesla&#8217;s history as FSD (Supervised) continues to rapidly improve with the aim of ultimately exceeding human levels of safety,&#8221; the company said in the release.
TSLA Price Action: <a href="http://benzinga.com/quote/tsla">Tesla shares</a> were down 5.60% at $331.17 at the time of publication Tuesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of Tesla.

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