Shares of BYD plunged following steep discounts across several models, stoking fears of a renewed price war in China’s EV market. However, the Chinese automaker is still expected to maintain robust growth,

According to the European Automobile Manufacturers' Association, registrations for new Tesla EVs in Europe plunged 49% in April compared to last year. That came despite a 34% surge in overall battery electric car sales there.

Tesla’s sales in Europe plunged in April as the electric car maker faced backlash over Elon Musk’s political work and rising competition from China-based rival BYD. Tesla sold just 7,261

Chinese EV giant BYD sold more electric models than Tesla in Europe for the first time in April, as consumer interest in Elon Musk's automaker collapsed.

Despite steep tariffs, the Chinese carmaker leapfrogged Tesla in April, in what an analyst called a “watershed moment” for the continent’s auto market.

Tesla stock is down in 2025, but has rebounded on robotaxi hopes, clearing a highly aggressive entry on May 9 and now setting up another early entry. BYD stock, up sharply in 2025