BYD, the Chinese EV giant and Tesla's arch rival, unveiled a vehicle-mounted drone system that lets drivers deploy the gadget on the move to take videos.
In the case of Tesla (TSLA) , the answer is complicated. Musk's electric vehicle (EV) company enjoyed significant growth in the weeks following Donald Trump’s election in November 2024, making it clear that investors saw Musk’s proximity to Trump as a bullish indicator.
As Tesla rolls out its most advanced autonomous technology to Chinese roads, early users are facing unexpected penalties.
BYD global EV sales jumps 56% in the first two months of this year, potentially putting it in arms reach of Musk's carmaker.
The development marked a breakthrough for Tesla’s chief executive, Elon Musk, in a country where his company has faced increasingly tough competition.
A video shared to social media site Weibo shows that the EV being tested had a propensity to drive into lanes dedicated to bicycles, motorbikes, and scooters. In one instance, the Tesla believed the bike lane was a right-hand turn lane, and unfortunately for the driver, there just so happened to be a police car at the very same intersection.
Tesla rolled out self-driving features to some of its cars in China after BYD said all its cars would get its self-driving tech for free.
Tesla China wholesale numbers are unimportant, according to researcher Troy Teslike who tracks Tesla Inc's production and delivery numbers.
Elon Musk's Tesla is under pressure in the world's largest car market from rivals including BYD that are fast expanding outside China.
Tesla ( TSLA) bull Cathie Wood is sticking with the electric vehicle maker after a rough February. The Ark Investment founder says there is a lot of "pent-up demand" for Tesla vehicles. The big valuation unlock, in her view, is Tesla releasing robotaxis across the country.
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