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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.

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Tesla se recupera con fuerza y supera los $318, regresando al billón de dólares en valor. Robotaxi, análisis técnico y China en el foco.

Tesla vuelve al club del billón de dólares tras subir un 40 % desde abril

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Tesla pierde terreno en Europa con caídas del 62 % en Reino Unido y 46 % en Alemania, mientras BYD avanza y crece su cuota de mercado.

Tesla (TSLA) se desploma en Europa: ventas caen más del 60 % en Reino Unido y Alemania

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Tesla reporta caída en producción y entregas en el primer trimestre. Acciones bajan 32 % este año. ¿Qué dice el mercado?

Acciones de Tesla (TSLA) caen tras revelar entregas y producción del primer trimestre

BYD Co Ltd

Xpeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) debuted the new all-electric G7 SUV in China as the country's brutal EV price war shows no signs of relenting.
What Happened: The Chinese automaker received over 10,000 pre-orders for the G7 SUV in under 46 minutes, CnEVPost reported <a href="https://cnevpost.com/2025/06/12/xpeng-g7-10000-pre-orders-46-mins/">on</a> Thursday.
Xpeng says display models of the SUV are available across multiple outlets in China. The SUV would retail for around 235,810 Yuan or slightly under $33,000, pitting it squarely against Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) cheapest vehicle in China, the Model 3.
Also Read:<a href="https://www.benzinga.com/markets/asia/25/06/45881963/tesla-supplier-catl-hits-milestone-with-1-million-battery-packs-delivered-to-li-auto"> Tesla Supplier CATL Hits Milestone With 1 Million Battery Packs Delivered To Li Auto</a>
The SUV also features Xpeng's Turing AI chip, which is developed in-house by the automaker, marking a shift away from the previously utilized Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) autonomous driving chipsets.
Why It Matters: The G7 debuts in what is a cutthroat market as China's EV price war has put pressure on the country's supply chains, with several automakers, including EV giant 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>) pledging <a href="https://www.benzinga.com/markets/tech/25/06/45878086/tesla-rivals-byd-xpeng-pledge-faster-supplier-payments-amid-ev-price-war-in-china-report">faster payments to suppliers</a>.
The EV price war was also called out by the Chinese Communist Party's newspaper, <a href="https://www.benzinga.com/news/topics/25/06/45715047/byds-aggressive-pricing-triggers-ev-rat-race-stock-tumbles-authorities-voice-concern">The People's Daily</a>, which equated it to a ‘rat race' and warned of negative effects on the country's supply chain, as well as product quality issues, among other things.
However, the aggressive pricing strategy continues as BYD recently released the <a href="https://www.benzinga.com/markets/tech/25/06/45855643/tesla-rival-byd-launches-15000-seal-06-sedan-as-chinas-ev-price-war-heats-up">Seal 06 EV</a> sedan, which retails for $15,000, undercutting the Tesla Model 3 as well as the G7 SUV's price by almost half.
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/markets/tech/25/06/45855123/teslas-model-y-tops-china-suv-sales-chart-in-may-with-over-24700-cars-sold">Tesla&#8217;s Model Y Tops China SUV Sales Chart In May With Over 24,700 Cars Sold</a></li>
</ul>
Photo courtesy: THINK A / Shutterstock.com

Xpeng Receives 10,000 Pre-Orders In Under An Hour For New Tesla Model 3 Rival: Report

Future Fund LLC's Managing Director, Gary Black, thinks Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk's <a href="https://www.benzinga.com/markets/tech/25/06/45877591/elon-musk-says-he-regrets-war-of-words-with-trump-went-too-far">post expressing regret</a> over comments on U.S. President Donald Trump could help repair relations between the two.
What Happened: "TSLA now up +15% (vs NDX +2%) since last week's extraordinary falling out between Elon and President Trump," Black said in a post on social media platform X on Wednesday.
Calling Musk's post expressing regret about his comments on the president an apology, the investor noted that it "should formally repair the relationship, although we doubt the two will again become billionaire bros again," he said.
Black then said that the apology should "encourage Trump to not work against Elon" on both the Zero Emission Vehicle (ZEV) credits, as well as putting in place Federal regulations on autonomous vehicles.
He then shared his thoughts on the apology's impact on Musk's Cybercab ambitions.&nbsp;
"Elon likely realized that Tesla needs help with new EV and autonomous regulations, especially with being able to mass produce the Cybercab," the investor said and outlined how the Cybercab isn't street-legal in the U.S. due to the vehicle not having any pedals or a steering wheel.
He concluded the post by drawing parallels between the stock performances of Tesla and rivals like Uber Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and 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>). &#8220;Year-to-date TSLA (-19%) still badly lags BYDDY (+60%), UBER (+43%),&#8221; he said.
<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"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> now up +15% (vs NDX +2%) since last week's extraordinary falling out between Elon and President Trump. Last night, Musk more or less posted an apology to Trump on X: "I regret some of my posts about President <a href="https://twitter.com/realDonaldTrump?ref_src=twsrc%5Etfw">@realDonaldTrump</a> last week. They went too far." This apology… <a href="https://t.co/Vr6lolXLIt">pic.twitter.com/Vr6lolXLIt</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1932905297942638990?ref_src=twsrc%5Etfw">June 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Why It Matters: The investor highlights how Musk's post expressing regret, as well as <a href="https://www.benzinga.com/markets/equities/25/06/45880572/tesla-stock-rally-continues-as-share-value-gains-amid-easing-tensions-between-trump-and-elon-musk">Tesla stock surging</a> close to its value before the falling out between Trump and the Tesla CEO, highlights the easing of tensions between the pair.
This is also important considering Tesla is gearing itself up for rolling out the Robotaxi to the public on <a href="https://www.benzinga.com/markets/tech/25/06/45876375/elon-musk-says-tesla-robotaxi-rides-begin-june-22-in-austin-full-self-driving-to-enable-home-delivery-by-june-28-were-being-super-paranoid">June 22 in Austin</a>. However, Musk has said that the date is still tentative.
Interestingly, Future Fund <a href="https://www.benzinga.com/tech/25/05/45665076/gary-blacks-future-fund-sells-remaining-tesla-stock-reitrates-310-price-target-tslas-valuation-has-become-disconnected">offloaded its entire Tesla position</a> recently as the firm sold its remaining shares in the EV giant, which Black said was due to the valuation becoming "disconnected from underlying fundamentals."
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="194" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12004621/TSLA-JUN-12-2025-1-1024x194.jpg" alt="" class="wp-image-946980" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12004621/TSLA-JUN-12-2025-1-1024x194.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12004621/TSLA-JUN-12-2025-1-300x57.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12004621/TSLA-JUN-12-2025-1-768x145.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12004621/TSLA-JUN-12-2025-1-1536x290.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/12004621/TSLA-JUN-12-2025-1.jpg 1544w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
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/markets/equities/25/06/45886571/gary-blacks-2021-tsla-stock-exit-dodged-a-30-drop-can-valuation-discipline-outsmart-teslas-2025-robotaxi-hype">Gary Black&#8217;s 2021 TSLA Stock Exit Dodged A 30% Drop: Can Valuation Discipline Outsmart Tesla&#8217;s 2025 Robotaxi Hype</a></li>
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Photo courtesy: Ken Wolter / Shutterstock.com

UBER

Gary Black Says Musk's Apology Should 'Repair' Relations With Trump, Weighs In On Cybercab Production: 'Elon Likely Realized That Tesla Needs Help'

Several Chinese automakers, including Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rivals 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>) and Xpeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), have pledged to settle supplier dues within 60 days.
What Happened: Authorities in China brought in regulations in March, requiring companies to settle payments with suppliers within 60 days, which kicked into effect on June 1, Reuters reported on Wednesday.
The report suggests that China's Iron and Steel Association released a statement outlining that the price war has put tremendous pressure on the sector as payments remain unsettled for months and manufacturers ask for price cuts up to 10%.
The association also called upon the manufacturers to take inspiration from Japanese auto manufacturers who "leave a certain amount of profit for suppliers and ensure product quality and innovation," the report said.
Why It Matters: The news comes as several mainstream Chinese automakers compete in the <a href="https://www.benzinga.com/25/01/42761825/ev-price-war-heats-up-as-chinese-automakers-extend-subsidies">EV price war</a>, which has engulfed the Chinese domestic car market for a while.
Recently, the Chinese Communist Party's (CCP) newspaper, The People's Daily, <a href="https://www.benzinga.com/news/topics/25/06/45715047/byds-aggressive-pricing-triggers-ev-rat-race-stock-tumbles-authorities-voice-concern">voiced concerns</a> about the ongoing "rat race" among car makers in the country while pointing out that the aggressive pricing could hurt supply chains.
The comments from the CCP come in as a BYD dealer in China's Shandong province <a href="https://www.benzinga.com/25/05/45666513/a-major-byd-dealer-in-china-shut-down-its-operations-as-ev-giant-expands-into-europe-report">closed down 20 outlets</a>, citing changes to the automaker's dealership rules. The company has closed down dealerships across 4 cities.
Despite this, the EV price war shows no sign of relenting as BYD recently released the <a href="https://www.benzinga.com/markets/tech/25/06/45855643/tesla-rival-byd-launches-15000-seal-06-sedan-as-chinas-ev-price-war-heats-up">Seal 06 EV Sedan</a>, available for $15,000. The sedan undercuts rival Tesla's cheapest offering in China, the Model 3, by almost half.
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/markets/tech/25/06/45855123/teslas-model-y-tops-china-suv-sales-chart-in-may-with-over-24700-cars-sold">Tesla&#8217;s Model Y Tops China SUV Sales Chart In May With Over 24,700 Cars Sold</a></li>
</ul>
Photo courtesy: Tada Images / Shutterstock.com

Tesla Rivals BYD, Xpeng Pledge Faster Supplier Payments Amid EV Price War In China: Report

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>) has launched a $15,000 EV as the electric vehicle price war heats up in the Chinese domestic market.
What Happened: Available in two trim levels, the Seal 06 EV offers a range of 292 miles with the 46 kWh battery pack, while the long-range variant is good for 339 miles on a single charge with a 56 kWh battery pack, the brand revealed on Saturday.
The base trim retails for 109,000 Yuan or just over $15,000 while the top-spec variant comes in at around 129,000 Yuan or almost $18,000.
Interestingly, the base Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Model 3 costs almost double the price of the Seal 06 EV at 235,500 Yuan.
The vehicle comes equipped with BYD's God's Eye ADAS system. However, it utilizes a camera-based system rather than LiDAR, like some of the pricier models in the BYD lineup.
Why It Matters: BYD has been at the forefront of the Chinese EV price war, which has recently <a href="https://www.benzinga.com/news/topics/25/06/45715047/byds-aggressive-pricing-triggers-ev-rat-race-stock-tumbles-authorities-voice-concern">come under scrutiny</a> from the authorities. Without naming any brands, recently, the Chinese Communist Party's (CCP) newspaper, The People&#8217;s Daily, slammed the &#8220;rat race&#8221; in the domestic EV sector.
The brand also introduced its best-selling Seagull hatchback EV in the European market, dubbed the <a href="https://www.benzinga.com/markets/25/05/45560953/byds-europe-pivot-in-full-swing-with-new-26000-affordable-ev-amid-tesla-sal">Dolphin Surf EV</a>, for $26,000 as the company overtook Tesla for the first time in regional sales.
BYD is also establishing its presence in Europe with local manufacturing capabilities as the Chinese EV giant's <a href="https://www.benzinga.com/25/04/45097773/satellite-images-put-tesla-rival-byds-hungarian-factory-capable-of-producing-200k-units-annually-in-the-spotlight">Hungarian plant </a>is under construction. The plant can produce over 200,000 EVs annually.
However, as BYD continues its growth, a major dealer for the company <a href="https://www.benzinga.com/25/05/45666513/a-major-byd-dealer-in-china-shut-down-its-operations-as-ev-giant-expands-into-europe-report">closed down over 20 dealerships</a> in China&#8217;s Shandong province, citing changes to the automaker&#8217;s dealer policy. The shutdowns have affected over 1,000 customers with warranty and after-sales service woes.
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/markets/tech/25/06/45855123/teslas-model-y-tops-china-suv-sales-chart-in-may-with-over-24700-cars-sold">Tesla&#8217;s Model Y Tops China SUV Sales Chart In May With Over 24,700 Cars Sold</a></li>
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Photo courtesy: Tada Images / Shutterstock.com

Tesla Rival BYD Launches $15,000 Seal 06 Sedan As China's EV Price War Heats Up

In what could prove to be a relief for Elon Musk's EV giant Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/markets/eurozone/25/05/45616006/teslas-european-woes-see-no-end-april-sales-crash-49-as-rivals-race-ahead-in-ev-market">global sales woes</a>, the Model Y has emerged as the best-selling SUV in China during May.
What Happened: Tesla sold over 24,770 Model Ys in May, according to new insurance registration data obtained by Car News China <a href="https://carnewschina.com/2025/06/09/tesla-model-y-reclaims-the-best-selling-suv-crown-in-china-for-may/">on</a> Monday.
The report also outlines that Tesla is closely followed by rival BYD Co. Ltd.'s (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>) Song Plus EV, which sold over 24,240 units in May.
Why It Matters: Tesla has experienced growth in the Chinese domestic market, which has been a silver lining for the company amid declining sales figures. Tesla sales <a href="https://www.benzinga.com/markets/asia/25/06/45834491/tesla-china-sales-surge-in-may-as-new-model-y-juniper-exported-for-the-first-time-amid-us-china-trade-war">grew over 34% in May</a> as the company exported the new Model Y for the first time.
This comes as the company recorded over <a href="https://www.benzinga.com/markets/tech/25/06/45787316/elon-musks-tesla-records-over-13000-new-registrations-in-china-highest-weekly-total-this-quarter">13,000 new registrations</a>, which was preceded by two consecutive weeks of recording over 11,000 new insured registrations in China during May.
However, the sales woes continue to grow in other regions as the company hit record lows in multiple regions in Europe, as Tesla <a href="https://www.benzinga.com/markets/eurozone/25/06/45736798/tesla-sales-hit-3-year-low-in-this-european-nation-despite-musks-claims-of-no-demand-problem">delivered 721 units in France</a> during May, a 67% YoY decline for the company.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="220" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10050612/TSLA-JUN-10-2025-1-1-1024x220.jpg" alt="" class="wp-image-944352" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10050612/TSLA-JUN-10-2025-1-1-1024x220.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10050612/TSLA-JUN-10-2025-1-1-300x64.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10050612/TSLA-JUN-10-2025-1-1-768x165.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10050612/TSLA-JUN-10-2025-1-1-1536x329.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/10050612/TSLA-JUN-10-2025-1-1.jpg 1553w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Tesla scores well on Momentum, Quality and Growth metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge Stock Rankings</a> today!
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/markets/tech/25/06/45854273/elon-musks-tesla-officially-named-av-operator-in-austin-ahead-of-robotaxi-launch">Elon Musk&#8217;s Tesla Officially Named AV Operator In Austin Ahead Of Robotaxi Launch</a></li>
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Photo courtesy: Shutterstock

Tesla's Model Y Tops China SUV Sales Chart In May With Over 24,700 Cars Sold

The manufacturing sector in China has slipped into contraction in May, marking its&nbsp;lowest level since September 2022, as the impact of tariffs continues to weigh heavily on the industry despite a temporary&nbsp;trade truce with the U.S.
What Happened: Data released on Tuesday by&nbsp;Caixin Media Co.&nbsp;and&nbsp;S&amp;P Global&nbsp;revealed that the&nbsp;Caixin manufacturing purchasing managers index&nbsp;dropped to 48.3 in May from&nbsp;50.4 in April. For the first time in eight&nbsp;months, the index has dipped below 50, the threshold that distinguishes expansion from contraction, <a href="https://www.wsj.com/economy/chinas-manufacturing-activity-tumbles-into-contraction-as-orders-drop-cd120b36">reported</a> the Wall Street Journal.
The drop was primarily due to a significant decrease in new orders, which fell at the fastest rate in over two and a half years, as reported by&nbsp;Caixin.&nbsp;New export orders fell for the second month in a row, hitting their lowest level since July 2023.
Despite a temporary truce in the U.S.-China trade conflict in mid-May, the tariff fallout appears to have continued to impact China&#8217;s factory activity. Zichun Huang, an economist at Capital Economics, stated, &#8220;The PMIs suggest that last month's U.S.-China trade truce was not enough to prevent a broader loss of economic momentum in May.&#8221;
Employment in manufacturing shrank more quickly in May, reflecting hiring caution, but business optimism rose as companies anticipated improvements in external markets. 
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<path fill-rule="evenodd" clip-rule="evenodd" d="M11.8727 21.4961C11.6725 21.8466 11.2811 22.0423 10.8805 21.9922L10.4267 21.9355C7.95958 21.6271 6.36855 19.1665 7.09975 16.7901L7.65054 15H6.93226C4.29476 15 2.37923 12.4921 3.0732 9.94753L4.43684 4.94753C4.91145 3.20728 6.49209 2 8.29589 2H18.0045C19.6614 2 21.0045 3.34315 21.0045 5V12C21.0045 13.6569 19.6614 15 18.0045 15H16.0045C15.745 15 15.5054 15.1391 15.3766 15.3644L11.8727 21.4961ZM14.0045 4H8.29589C7.39399 4 6.60367 4.60364 6.36637 5.47376L5.00273 10.4738C4.65574 11.746 5.61351 13 6.93226 13H9.00451C9.32185 13 9.62036 13.1506 9.8089 13.4059C9.99743 13.6612 10.0536 13.9908 9.96028 14.2941L9.01131 17.3782C8.6661 18.5002 9.35608 19.6596 10.4726 19.9153L13.6401 14.3721C13.9523 13.8258 14.4376 13.4141 15.0045 13.1902V5C15.0045 4.44772 14.5568 4 14.0045 4ZM17.0045 13V5C17.0045 4.64937 16.9444 4.31278 16.8338 4H18.0045C18.5568 4 19.0045 4.44772 19.0045 5V12C19.0045 12.5523 18.5568 13 18.0045 13H17.0045Z" fill="currentColor"></path>
<path fill-rule="evenodd" clip-rule="evenodd" d="M11 4.9099C11 4.47485 10.4828 4.24734 10.1621 4.54132L6.67572 7.7372C6.49129 7.90626 6.25019 8.00005 6 8.00005H4C3.44772 8.00005 3 8.44776 3 9.00005V15C3 15.5523 3.44772 16 4 16H6C6.25019 16 6.49129 16.0938 6.67572 16.2629L10.1621 19.4588C10.4828 19.7527 11 19.5252 11 19.0902V4.9099ZM8.81069 3.06701C10.4142 1.59714 13 2.73463 13 4.9099V19.0902C13 21.2655 10.4142 22.403 8.81069 20.9331L5.61102 18H4C2.34315 18 1 16.6569 1 15V9.00005C1 7.34319 2.34315 6.00005 4 6.00005H5.61102L8.81069 3.06701ZM20.3166 6.35665C20.8019 6.09313 21.409 6.27296 21.6725 6.75833C22.5191 8.3176 22.9996 10.1042 22.9996 12.0001C22.9996 13.8507 22.5418 15.5974 21.7323 17.1302C21.4744 17.6185 20.8695 17.8054 20.3811 17.5475C19.8927 17.2896 19.7059 16.6846 19.9638 16.1962C20.6249 14.9444 20.9996 13.5175 20.9996 12.0001C20.9996 10.4458 20.6064 8.98627 19.9149 7.71262C19.6514 7.22726 19.8312 6.62017 20.3166 6.35665ZM15.7994 7.90049C16.241 7.5688 16.8679 7.65789 17.1995 8.09947C18.0156 9.18593 18.4996 10.5379 18.4996 12.0001C18.4996 13.3127 18.1094 14.5372 17.4385 15.5604C17.1357 16.0222 16.5158 16.1511 16.0539 15.8483C15.5921 15.5455 15.4632 14.9255 15.766 14.4637C16.2298 13.7564 16.4996 12.9113 16.4996 12.0001C16.4996 10.9859 16.1653 10.0526 15.6004 9.30063C15.2687 8.85905 15.3578 8.23218 15.7994 7.90049Z" fill="currentColor"></path>
<path d="M2.5 5.5C4.3 5.2 5.2 4 5.5 2.5C5.8 4 6.7 5.2 8.5 5.5C6.7 5.8 5.8 7 5.5 8.5C5.2 7 4.3 5.8 2.5 5.5Z" fill="currentColor" stroke="currentColor" stroke-linecap="round" stroke-linejoin="round"></path>
<path d="M5.66282 16.5231L5.18413 19.3952C5.12203 19.7678 5.09098 19.9541 5.14876 20.0888C5.19933 20.2067 5.29328 20.3007 5.41118 20.3512C5.54589 20.409 5.73218 20.378 6.10476 20.3159L8.97693 19.8372C9.72813 19.712 10.1037 19.6494 10.4542 19.521C10.7652 19.407 11.0608 19.2549 11.3343 19.068C11.6425 18.8575 11.9118 18.5882 12.4503 18.0497L20 10.5C21.3807 9.11929 21.3807 6.88071 20 5.5C18.6193 4.11929 16.3807 4.11929 15 5.5L7.45026 13.0497C6.91175 13.5882 6.6425 13.8575 6.43197 14.1657C6.24513 14.4392 6.09299 14.7348 5.97903 15.0458C5.85062 15.3963 5.78802 15.7719 5.66282 16.5231Z" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round"></path>
<path d="M14.5 7L18.5 11" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round"></path> 
<path d="M3.06957 10.8763C3.62331 6.43564 7.40967 3 12 3C14.2824 3 16.4028 3.85067 18.0118 5.25439V4C18.0118 3.44772 18.4595 3 19.0118 3C19.5641 3 20.0118 3.44772 20.0118 4V8C20.0118 8.55228 19.5641 9 19.0118 9H15C14.4477 9 14 8.55228 14 8C14 7.44772 14.4477 7 15 7H16.9571C15.6757 5.76379 13.9101 5 12 5C8.43108 5 5.48466 7.67174 5.0542 11.1237C4.98586 11.6718 4.48619 12.0607 3.93815 11.9923C3.39011 11.924 3.00123 11.4243 3.06957 10.8763ZM20.0618 12.0077C20.6099 12.076 20.9988 12.5757 20.9304 13.1237C20.3767 17.5644 16.5903 21 12 21C9.72322 21 7.60762 20.1535 5.99999 18.7559V20C5.99999 20.5523 5.55228 21 4.99999 21C4.44771 21 3.99999 20.5523 3.99999 20V16C3.99999 15.4477 4.44771 15 4.99999 15H8.99999C9.55228 15 9.99999 15.4477 9.99999 16C9.99999 16.5523 9.55228 17 8.99999 17H7.04285C8.32433 18.2362 10.0899 19 12 19C15.5689 19 18.5153 16.3283 18.9458 12.8763C19.0141 12.3282 19.5138 11.9393 20.0618 12.0077Z" fill="currentColor"></path>
<path fill-rule="evenodd" clip-rule="evenodd" d="M5.29289 9.29289C5.68342 8.90237 6.31658 8.90237 6.70711 9.29289L12 14.5858L17.2929 9.29289C17.6834 8.90237 18.3166 8.90237 18.7071 9.29289C19.0976 9.68342 19.0976 10.3166 18.7071 10.7071L12.7071 16.7071C12.5196 16.8946 12.2652 17 12 17C11.7348 17 11.4804 16.8946 11.2929 16.7071L5.29289 10.7071C4.90237 10.3166 4.90237 9.68342 5.29289 9.29289Z" fill="currentColor"></path>
SEE ALSO: <a href="https://benzinga.com/crypto/cryptocurrency/25/06/45738110/bitcoin-ethereum-dogecoin-rise-as-china-counters-trumps-trade-deal-breach-claim-analyst-says-btc-success-riding-on-health-of-us-economy" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Rise As China Counters Trump&#8217;s Trade Deal Breach Claim: Analyst Says BTC Success Riding On Health Of US Economy </a>
Why It Matters: The ongoing trade tensions between the U.S. and China, which escalated in April with the imposition of hefty tariffs, have continued to impact China&#8217;s factory activity. Although the two countries&nbsp;reached a temporary truce in&nbsp;May and agreed&nbsp;to suspend most of the&nbsp;additional tariffs, the effects of the tariffs persist.
Amid these challenges, Chinese manufacturers are also facing domestic economic pressures, with major macroeconomic indicators showing a significant&nbsp;weakening at the start of&nbsp;the second quarter. This has led to a cautious approach by manufacturers, with employment shrinking&nbsp;at a faster pace than&nbsp;in April.
These developments align with previous warnings from analysts at&nbsp;<a href="https://www.benzinga.com/25/04/45033064/16-million-chinese-jobs-under-threat-amid-escalating-us-china-trade-war-predicts-goldman-sachs">Goldman Sachs</a>, who cautioned that persistently high U.S.-China tariffs and a significant drop in Chinese exports could put up to 16 million jobs in China at risk, particularly in the manufacturing sector.
Meanwhile, in the U.S., the ISM Manufacturing PMI slipped to 48.5% in May from 48.7% in April, indicating the sharpest contraction since late 2024. One of the respondents stated, "&#8230;the impact of ever-changing trade policies of the current administration has wreaked havoc on suppliers&#8217; ability to react and remain profitable."
Xpeng Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) and BYD&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) fell 3.4% and 0.65%, each, over the past month. Meanwhile, Aluminum Corporation of China Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ALMMF#OTC">ALMMF</a>) surged 7.41% during the same period. 
In Tuesday&#8217;s premarket session, PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) and Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) traded higher, while JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) edged slightly lower, according to Benzinga Pro data.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/personal-finance/management/25/06/45739976/trump-administration-pauses-social-security-garnishments-over-defaulted-student-loans-department-will-begin-proactive-outreach-to-recipients" target="_blank" rel="noreferrer noopener">Trump Administration Pauses Social Security Garnishments Over Defaulted Student Loans: &#8216;Department Will Begin Proactive Outreach To Recipients&#8230;&#8217; &#8211; Benzinga</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.

ALMMF

BABA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

China's Manufacturing Activity Crashes To 2022 Lows In May Amid Trump Tariff Woes

U.S. stock futures were lower this morning, with the Dow futures falling around 100 points on Monday.
Shares of Science Applications International Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) fell sharply in today's pre-market trading after the company reported<a href="https://www.benzinga.com/quote/SAIC"> first-quarter results</a>.
Science Applications Intl posted adjusted earnings of $1.92 per share, missing market estimates of $2.22 per share. The company posted quarterly sales of $1.88 billion versus expectations of $1.87 billion.
SAIC shares dipped 6.5% to $108.00 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul class="wp-block-list">
<li>SharpLink Gaming, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) declined 18.4% to $62.60 in pre-market trading after the company filed for mixed shelf offering.</li>
<li>ContextLogic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGC#NASDAQ">LOGC</a>) shares tumbled 18.3% to $6.70 in pre-market trading. ContextLogic will commence trading on the OTC Markets and delist from the Nasdaq.</li>
<li>Lucid Diagnostics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCD#NASDAQ">LUCD</a>) shares fell 15.1% to $1.18 in pre-market trading. Lucid Diagnostics may offer sell shares of common stock of up to $25 million.</li>
<li>Algoma Steel Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTL#NASDAQ">ASTL</a>) fell 9.2% to $4.78 in pre-market trading.</li>
<li>LiveWire Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVWR#NASDAQ">LVWR</a>) dipped 8.7% to $4.10 in pre-market trading.</li>
<li>Definitive Healthcare Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DH#NASDAQ">DH</a>) fell 7.3% to $3.07 in pre-market trading.</li>
<li>Arvinas, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARVN#NASDAQ">ARVN</a>) fell 6.9% to $6.70 in pre-market trading. Arvinas and Pfizer&#8217;s Vepdegestrant demonstrated statistically significant 2.9-month PFS benefit over Fulvestrant in ESR1-mutant second-line advanced breast cancer.</li>
<li>Qudian Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QD#NYSE">QD</a>) fell 6.4% to $2.77 in pre-market trading. Qudian reported first quarter unaudited financial results on Friday.</li>
<li>IperionX Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPX#NASDAQ">IPX</a>) fell 5.5% to $22.86 in pre-market trading.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell 1.5% to $341.25 in pre-market trading. Tesla experienced a decline in sales in China compared to rivals like Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Xpeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) and 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>), which posted strong growth in May.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/cannabis/25/05/45692676/wall-streets-most-accurate-analysts-spotlight-on-3-utilities-stocks-delivering-high-dividend-yields-8">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Utilities Stocks Delivering High-Dividend Yields</a> </li>
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Photo via Shuttestock

Pre-Market Outlook

ARVN

ASTL

LOGC

LUCD

LVWR

SAIC

SBET

SAIC, Tesla And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) experienced a decline in sales in China compared to rivals like Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Xpeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) and 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>), which posted strong growth in May.
What Happened: Li Auto experienced 17% growth in deliveries with 40,856 vehicles delivered in May, while Nio and Xpeng posted over 33,525 and 23,321 deliveries each, a report from Barron's <a href="https://www.barrons.com/articles/chinese-ev-makers-tesla-sales-4da484e4">on</a> Sunday revealed.
Meanwhile, Chinese giant BYD's BEV (Battery Electric Vehicle) sales grew 40% year-on-year, as the company delivered 204,369 EVs in May.
However, Elon Musk's EV giant recorded around 58,000 April sales in China, including exports, and the company's sales performance in the first eight weeks of Q2 2025 declined 23% YoY, as per the report.
Why It Matters: The report comes in as Tesla has experienced a growth in May as the company posted more than 11,000 registrations in China for two consecutive weeks, despite a poor start to the month with a little over 3,000 new registrations.
Despite this, Tesla's poor run continues throughout multiple markets as the EV giant reported a <a href="https://www.benzinga.com/markets/eurozone/25/05/45616006/teslas-european-woes-see-no-end-april-sales-crash-49-as-rivals-race-ahead-in-ev-market">49% drop in sales</a> in the European market during April, as BYD overtook the company for the first time.
However, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45589714/teslas-2025-dark-chapter-over-analyst-says-ai-autonomous-to-lift-valuation-end-black-cloud-over-stock">analysts are optimistic</a> about the company owing to June 12's Robotaxi launch in Austin as well as developments in the company's FSD tech.&nbsp;
BYD, on the other hand, continues to expand its presence in the global market while it<a href="https://www.benzinga.com/news/topics/25/06/45715047/byds-aggressive-pricing-triggers-ev-rat-race-stock-tumbles-authorities-voice-concern"> faces scrutiny from Beijing</a> over the company's aggressive discount strategy that has started a price war in the Chinese domestic EV market.
Elsewhere, Li Auto recently beat analyst expectations following the company's Q1 earnings call, where CEO Li Xiang announced the company's plans to release <a href="https://www.benzinga.com/markets/asia/25/05/45691082/tesla-rival-li-auto-will-release-2-new-suvs-this-year-ceo-li-xiang-hints-at-companys-first-sedan">2 new fully-electric SUVs</a> this year.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="187" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02045017/TSLA-JUN-2-2025-1024x187.jpg" alt="" class="wp-image-934782" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02045017/TSLA-JUN-2-2025-1024x187.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02045017/TSLA-JUN-2-2025-300x55.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02045017/TSLA-JUN-2-2025-768x140.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02045017/TSLA-JUN-2-2025-1536x280.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/02045017/TSLA-JUN-2-2025.jpg 1662w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla scores well on Momentum, Growth, and Quality metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge</a> today!
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/markets/guidance/25/05/45710828/gary-black-questions-teslas-sky-high-forward-p-e-ratio-long-term-growth-rate-needed-to-justify-a-180x-p-e-would-cause-tsla-market-cap-to-be-bigger">Gary Black Questions Tesla&#8217;s Sky-High Forward P/E Ratio: &#8216;Long-Term Growth Rate Needed To Justify a 180X P/E Would Cause Tsla Market Cap To Be Bigger&#8217;</a></li>
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Photo courtesy: Shutterstock

Tesla's China Sales Slump While BYD And Li Auto Post Strong Gains: Report

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 facing backlash for its aggressive discounts that have triggered a price war in the fiercely contested EV market in China.
What Happened: BYD's stock fell over 5% on the Hong Kong exchange following last week's 15% plunge, due to reports that the price war had caught Beijing's attention, Bloomberg reported <a href="https://www.bloomberg.com/news/articles/2025-06-01/byd-may-sales-highest-this-year-after-week-of-steep-discounts">on</a> Sunday.
The Chinese Communist Party&#8217;s (CCP) newspaper, The People's Daily, slammed the "rat race" in the domestic EV sector, which it said could hurt domestic supply chains and damage the "Made in China" reputation. However, it did not name any specific companies, the report said.
The report also mentioned that China's automobile association criticized the price war, which could impact the sector's growth and bring about quality issues, while China's Ministry of Industry and Information Technology agreed with the stance.
Why It Matters: The news comes in as China's EV price war has led to an intense competition in the country among EV manufacturers offering <a href="https://www.benzinga.com/25/01/42761825/ev-price-war-heats-up-as-chinese-automakers-extend-subsidies">aggressive discounts</a> to drive up sales.
Interestingly, BYD and other Chinese players are bolstering their presence in markets outside of China, with BYD already surpassing Elon Musk's Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/25/05/45564693/byd-outsells-elon-musks-tesla-amid-european-plans-shift-into-gear">in European sales </a>as the company is offering the Euro-spec version of its <a href="https://www.benzinga.com/markets/25/05/45560953/byds-europe-pivot-in-full-swing-with-new-26000-affordable-ev-amid-tesla-sal">best-selling EV hatchback</a> in the region for $26,000.
On the flip side, a major BYD dealer in China has reportedly <a href="https://www.benzinga.com/25/05/45666513/a-major-byd-dealer-in-china-shut-down-its-operations-as-ev-giant-expands-into-europe-report">closed down over 20 dealerships </a>in the country across 4 major cities, citing what the dealer said were policy changes by the automaker that impacted the company's cash flow.
Elsewhere, experts like Future Fund LLC's Gary Black indicate that BYD's price war <a href="https://www.benzinga.com/general/travel/25/05/45611551/gary-black-says-price-war-by-byd-threatens-tesla-dismisses-elon-musks-comeback-as-non-event">could threaten Tesla's position</a> in the country.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link</a>.&nbsp;
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/government/regulations/25/05/45639357/teslas-chinese-rival-byd-sued-for-45-million-over-alleged-human-trafficking-slave-like-conditions-at-brazil-factory-site">Tesla&#8217;s Chinese Rival BYD Sued For $45 Million Over Alleged Human Trafficking, Slave-Like Conditions At Brazil Factory Site</a></li>
</ul>
Photo courtesy: Tada Images / Shutterstock.com

BYD's Aggressive Pricing Triggers EV 'Rat Race:' Stock Tumbles, Authorities Voice Concern

In a move that could escalate trade tensions with the U.S., Germany is reportedly contemplating imposing a 10% tax on major online platforms, including&nbsp;Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">and&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">Meta Platforms Inc. </a><a target="_blank" href="https://www.benzinga.com/25/05/45689009/germany-considers-10-digital-tax-on-tech-titans-alphabet-and-meta-report" rel="noreferrer noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</a>.&nbsp;
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) isn&#8217;t a company usually associated with national security, but it is in the crosshairs of President&nbsp;Donald Trump, now an expert has <a target="_blank" href="https://www.benzinga.com/markets/25/05/45603673/trumps-targeting-of-apple-isnt-random-analyst-says-its-a-calculated-move-for-maximum-political-gain" rel="noreferrer noopener">given his take on the situation</a>.
Entertainment
JioHotstar, the newly merged streaming platform from&nbsp;Walt Disney Co.&nbsp;and&nbsp;Mukesh Ambani&#8217;s Reliance, has added 230 million subscribers in just three months, bringing its total to 280 million, nearly matching&nbsp;Netflix Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) <a target="_blank" href="https://www.benzinga.com/25/05/45604822/disney-and-ambanis-jiohotstar-adds-230-million-subscribers-in-3-months-nears-netflixs-global-total-driven-by-crickets-unmatched-pull-in-india" rel="noreferrer noopener">300 million global users</a>.
Technology
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO&nbsp;Jensen Huang's&nbsp;rejection of&nbsp;PowerPoint&nbsp;presentations isn&#8217;t a quirky habit—it&#8217;s part of a broader trend among some of the most successful tech leaders who believe slide <a target="_blank" href="https://www.benzinga.com/media/25/05/45614590/jensen-huang-isnt-a-powerpoint-fan-neither-are-jeff-bezos-and-elon-musk-why-slide-decks-dont-cut-it-for-todays-tech-leaders" rel="noreferrer noopener">decks are a barrier to real thinking</a>.
Nvidia CEO&nbsp;Jensen Huang&nbsp;said that he believes&nbsp;Tesla&#8217;s&nbsp;Optimus&nbsp;humanoid robot&nbsp;could be the first to reach mass adoption and trigger <a target="_blank" href="https://www.benzinga.com/media/25/05/45664231/teslas-optimus-may-be-the-first-humanoid-robot-to-achieve-high-volume-and-tech-scale-says-nvidia-ceo-jensen-huang-likely-to-be-the-next-multi-trillion-dollar-industry" rel="noreferrer noopener">a multi-trillion-dollar industry</a>.
Alphabet&#8217;s&nbsp;CEO&nbsp;Sundar Pichai&nbsp;has firmly rejected the notion that anyone at&nbsp;Google&nbsp;can manually alter search rankings, even in response to <a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">President&nbsp;</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">Donald Trump&#8217;s</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45635747/sundar-pichai-says-no-one-at-google-can-change-trumps-search-ranking-not-even-him" rel="noreferrer noopener">&nbsp;complaints</a>.
Years after&nbsp;a controversial split,&nbsp;Mark Zuckerberg&#8217;s Meta Platforms&nbsp;and&nbsp;Palmer Luckey&nbsp;are teaming up again—this time to equip U.S. soldiers <a target="_blank" href="https://www.benzinga.com/media/25/05/45687185/mark-zuckerbergs-meta-reunites-with-palmer-luckey-to-equip-us-soldiers-with-eagleeye-an-ai-powered-combat-headset-that-can-detect-drones" rel="noreferrer noopener">with next-gen combat headsets</a>.
Smartphones
Apple CEO&nbsp;Tim Cook has found himself at the receiving end of President&nbsp;Donald Trump‘s criticism, marking a stark contrast to their previously warm relationship, but reports suggest iPhone production in <a target="_blank" href="https://www.benzinga.com/25/05/45612848/trumps-recent-wrath-on-apple-ceo-tim-cook-is-also-tied-to-the-middle-east-not-just-india-report" rel="noreferrer noopener">India is not the only reason</a>.
A fresh wave of tariff threats is hanging over&nbsp;Apple, but JPMorgan&#8217;s Samik Chatterjee isn&#8217;t downgrading Apple stock. In fact, he&#8217;s sticking to an Overweight rating, calling&nbsp;the company &#8220;well positioned&#8221;&nbsp;t<a target="_blank" href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45608580/apple-may-hike-iphone-price-but-well-positioned-to-eat-tariff-bite-says-analyst" rel="noreferrer noopener">o weather the cost shock</a>.
Apple&nbsp;supplier&nbsp;Foxconn&nbsp;is set to announce a partnership with a second Japanese auto manufacturer as the Taiwanese <a target="_blank" href="https://www.benzinga.com/25/05/45667851/apple-supplier-foxconn-set-to-announce-second-japanese-auto-partner-as-it-turns-to-evs" rel="noreferrer noopener">manufacturer turns towards EVs</a>.
A new leak from a&nbsp;Weibo&nbsp;tipster,&nbsp;Digital Chat Station, suggests that&nbsp;Apple is working on a significant camera upgrade for a future&nbsp;iPhone&nbsp;model — <a target="_blank" href="https://www.benzinga.com/25/05/45637477/iphone-camera-could-get-its-biggest-upgrade-yet-with-200mp-sensor-leak-suggests-will-apple-finally-catch-up-to-samsung" rel="noreferrer noopener">a 200-megapixel sensor</a>.
Apple is reportedly preparing to rebrand its software platforms by introducing <a target="_blank" href="https://www.benzinga.com/25/05/45661713/apple-to-rename-all-operating-systems-for-2026-ios-macos-ipados-get-year-based-overhaul-and-fresh-look" rel="noreferrer noopener">a year-based naming system</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45638355/headline-apples-former-design-chief-jony-ive-called-phones-and-laptops-legacy-platforms-google-ceo-sundar-pichai-said-pulling-out-a-black-glass-rectangle-wont-make-sense-forever-though-new-age-devices-havent-really-taken-off-yet" rel="noreferrer noopener">Apple&#8217;s Former Design Chief Jony Ive Called Phones And Laptops &#8216;Legacy Platforms:&#8217; Sundar Pichai Says Pulling Out A &#8216;Black Glass Display Rectangle&#8217; Won&#8217;t Make Sense Forever</a>
Automobiles/Spacecraft
Regulators from China&#8217;s commerce ministry are set to meet with executives from several Chinese automakers, including EV giant&nbsp;BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), to discuss the<a target="_blank" href="https://www.benzinga.com/markets/asia/25/05/45611701/chinese-regulators-will-meet-tesla-rival-byd-other-companies-to-discuss-zero-mile-used-cars-report" rel="noreferrer noopener"> surge in zero-mile used car sales</a>.
One of the major dealers of Chinese EV giant&nbsp;BYD has reportedly shut down its operations across multiple cities in China as the company <a target="_blank" href="https://www.benzinga.com/25/05/45666513/a-major-byd-dealer-in-china-shut-down-its-operations-as-ev-giant-expands-into-europe-report" rel="noreferrer noopener">expands into the European market</a>.
Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX CEO&nbsp;Elon Musk&nbsp;said that the company&#8217;s Starship rocket, a crucial element in the billionaire&#8217;s plans to set up a colony on Mars, can <a target="_blank" href="https://www.benzinga.com/25/05/45612033/elon-musk-touts-spacexs-starship-rocket-ahead-of-launch-says-it-can-reach-mars-in-six-months" rel="noreferrer noopener">reach the red planet in 6 months</a>.
Elon Musk&#8216;s EV giant recorded over 11,000 new insured registrations in the Chinese market for the week ending May 25, according to a post on social media platform X on Tuesday by&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">Future Fund LLC</a><a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">&#8216;s&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week" rel="noreferrer noopener">Gary Black</a>.
Tesla sales fell 49% YoY in Europe for April as&nbsp;Elon Musk&#8216;s EV giant continues to <a target="_blank" href="https://www.benzinga.com/markets/eurozone/25/05/45616006/teslas-european-woes-see-no-end-april-sales-crash-49-as-rivals-race-ahead-in-ev-market" rel="noreferrer noopener">grapple with global challenges</a>.
Tesla rival&nbsp;Li Auto Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) will release two new SUVs this year and could also release the company&#8217;s first-ever sedan, provided the <a target="_blank" href="https://www.benzinga.com/markets/asia/25/05/45691082/tesla-rival-li-auto-will-release-2-new-suvs-this-year-ceo-li-xiang-hints-at-companys-first-sedan" rel="noreferrer noopener">market conditions are favorable</a>.
Tesla will launch its Robotaxi service in Austin on June 12, with CEO&nbsp;Elon Musk&nbsp;confirming that the company is <a target="_blank" href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule" rel="noreferrer noopener">currently testing the Model Y</a>.
Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) CEO&nbsp;RJ Scaringe&nbsp;has shared a sneak peek of the upcoming Rivian R2&#8217;s rear suspension, <a target="_blank" href="https://www.benzinga.com/25/05/45642153/rivian-ceo-rj-scaringe-touts-45000-rivian-r2s-updated-rear-suspension-cant-wait-for-folks" rel="noreferrer noopener">ahead of the planned 2026 launch</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45617151/ubs-maintains-neutral-rating-for-rivian-stock-sets-price-13-price-target" rel="noreferrer noopener">Rivian Stock Above $15, But UBS Sees Fair Value At $13 Amid Affordability Concerns</a>
Stellantis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), the parent company of brands like&nbsp;Dodge&nbsp;and&nbsp;Jeep, has appointed&nbsp;Antonio Filosa&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/eurozone/25/05/45638939/stellantis-names-antonio-filosa-ceo-amid-uncertainty-over-trumps-50-eu-tariff-threat" rel="noreferrer noopener">as the new chief executive officer</a>.
General Motors Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) will invest $888 million in its Tonawanda Propulsion facility, where the company manufactures V-8 engines that power its <a target="_blank" href="https://www.benzinga.com/tech/25/05/45640639/general-motors-to-invest-888-million-in-ny-v-8-engine-plant-despite-surge-in-ev-market-share" rel="noreferrer noopener">SUVs and Full-Size Trucks</a>.
Artificial Intelligence
Some news headlines and social media chatter have stirred excitement—and confusion—over whether all UAE residents now get free access to&nbsp;ChatGPT Plus&nbsp;<a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">as part of</a><a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">&nbsp;OpenAI&#8217;s</a><a target="_blank" href="https://www.benzinga.com/news/global/25/05/45612410/fact-check-no-openais-chatgpt-plus-isnt-free-for-all-uae-residents" rel="noreferrer noopener">&nbsp;latest expansion</a>.
On Wednesday, the legal battle between&nbsp;OpenAI&nbsp;and&nbsp;Elon Musk&nbsp;escalated as the&nbsp;ChatGPT&nbsp;maker urged a judge to allow its countersuit to proceed, accusing the billionaire of <a target="_blank" href="https://www.benzinga.com/25/05/45686378/openai-fights-to-keep-countersuit-alive-against-elon-musk-over-profit-shift-calls-his-974-billion-bid-a-media-stunt" rel="noreferrer noopener">fraud and media manipulation</a>.
Chinese AI startup&nbsp;DeepSeek, which triggered a&nbsp;$600 billion drop&nbsp;in&nbsp;Nvidia Corporation&#8217;s&nbsp;market value with the release of its&nbsp;R1&nbsp;model in January, has quietly launched an updated version <a target="_blank" href="https://www.benzinga.com/media/25/05/45662927/chinas-deepseek-quietly-drops-r1-ai-update-that-nearly-matches-openai-o4-mini-and-beats-elon-musks-grok-3-mini" rel="noreferrer noopener">of its reasoning model</a>.
Kevin O&#8217;Leary&nbsp;is on a mission to make AI fluency essential for business leaders—and he&#8217;s hiring <a target="_blank" href="https://www.benzinga.com/25/05/45663361/kevin-oleary-wants-to-teach-every-ceo-how-to-use-aiand-hes-hiring-people-to-do-it-calling-it-a-lifetime-career-opportunity" rel="noreferrer noopener">trainers to make it happen</a>.
Image: Shutterstock/JHVEPhoto

GOOG

NFLX

RIVN

STLA

Consumer Tech News (May 26-May 30): Germany May Impose 10% Online Platform Tax, Tesla's European Sales Slump & More

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) experienced an 87% decline in sales in the Canadian province of Quebec as Elon Musk's company continues to battle sales woes.
What Happened: Tesla delivered 524 vehicles in Quebec in Q1 2025, an 87% year-on-year decline compared to last year, according <a href="https://www.ledevoir.com/economie/882790/quebec-tourne-massivement-dos-tesla?">to</a> data obtained by Le Devoir.
The report suggests that the decline in sales is a result of Musk's close involvement with U.S. President Donald Trump, but also because Quebec as well as <a href="https://www.benzinga.com/markets/25/03/44488018/canada-bars-tesla-from-ev-rebates-programs-in-response-to-illegitimate-and-illegal-us-tariffs">Canadian governments ended key incentives</a> for the company&#8217;s EVs in the province.
The report also mentions that new registrations for Tesla vehicles in Quebec fell to a two-year low, signaling increased avoidance among potential EV buyers for Musk's company.
Why It Matters: Tesla has been grappling with declining sales figures in multiple markets across the world. Recently, the <a href="https://www.benzinga.com/markets/eurozone/25/05/45616006/teslas-european-woes-see-no-end-april-sales-crash-49-as-rivals-race-ahead-in-ev-market">company's sales fell 49% </a>in Europe in April 2025 as BEVs recorded a surge in market share in the region.
This comes in as Tesla rival 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>) <a href="https://www.benzinga.com/25/05/45564693/byd-outsells-elon-musks-tesla-amid-european-plans-shift-into-gear">overtook the company</a> in sales for the first time ever in Europe as the Chinese EV giant continues to expand into the European market.
Despite the declining sales in most regions, Tesla has maintained a strong growth in vehicle sales in the Chinese domestic market as the company <a href="https://www.benzinga.com/markets/equities/25/05/45614051/tesla-bull-gary-black-weighs-in-as-elon-musks-ev-giant-logs-over-11000-new-registrations-for-straight-second-week">registered over 11,000 new sales</a> for two consecutive weeks, which could provide some relief to the company ahead of the <a href="https://www.benzinga.com/tech/25/05/45662671/tesla-targets-june-12-for-robotaxi-launch-in-austin-elon-musk-says-company-ramped-up-fsd-testing-a-month-ahead-of-schedule">June Robotaxi launch</a>.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="191" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29050213/TSLA-MAY-29-2025-1-1024x191.jpg" alt="" class="wp-image-931127" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29050213/TSLA-MAY-29-2025-1-1024x191.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29050213/TSLA-MAY-29-2025-1-300x56.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29050213/TSLA-MAY-29-2025-1-768x143.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29050213/TSLA-MAY-29-2025-1-1536x286.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/29050213/TSLA-MAY-29-2025-1.jpg 1650w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Tesla scores well on Momentum, Growth, and Quality metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"> Benzinga Edge Stock Rankings</a> today!
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/tech/25/05/45637814/elon-musk-admits-he-spent-too-much-time-on-politics-after-tesla-sales-decline-in-multiple-regions">Elon Musk Admits He Spent &#8216;Too Much Time&#8217; On Politics After Tesla Sales Decline In Multiple Regions</a></li>
</ul>
Photo courtesy: Tada Images / Shutterstock.com

Equities

Tesla Deliveries Drop 87% In Quebec in Q1, Hitting 2-Year Low Amid Incentive Cuts, Musk's Political Ties

NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares are trading slightly lower in the <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">premarket session on Wednesday</a>.
The Chinese EV firm is reportedly making strides in its national battery swap network with the completion of initial coverage across all districts in Tianjin, <a target="_blank" href="https://cnevpost.com/2025/05/28/nio-swap-stations-coverage-all-districts-tianjin/" rel="noreferrer noopener">reports</a> CnEV Post.
The report adds that the company&#8217;s energy division, NIO Power, now operates 56 battery swap stations across Tianjin&#8217;s 16 districts, marking another step in its broader &#8220;Power Up Counties&#8221; expansion campaign.
NIO&#8217;s commitment to enhancing electric vehicle infrastructure also extends into northeastern China through a newly formed partnership with ZDK Group, a <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/05/45523879/whats-going-on-with-nio-stock-on-tuesday-3" rel="noreferrer noopener">state-owned firm based in Shenyang</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/05/45637573/chinas-robot-dog-lead-could-outpace-us-humanoid-efforts-says-ark-invest-a-hole-in-tesla-figure-and-apptroniks-portfolio" rel="noreferrer noopener">China&#8217;s Robot Dog Lead Could Outpace US Humanoid Efforts: &#8216;A Hole In Tesla, Figure And Apptronik&#8217;s Portfolio,&#8217; Says Analyst</a>
The alliance will oversee the construction of 100 new battery swap sites across Liaoning, Jilin, Heilongjiang, and Inner Mongolia to support growing EV adoption.
The &#8220;Power Up Counties&#8221; initiative aims to build a dense, accessible network of battery swap stations across county-level regions nationwide. So far, NIO has completed deployment in regions including Beijing, Shanghai, Jiangsu, Zhejiang, and Guangdong.
In Tianjin alone, nearly 1 million battery swaps have been conducted, highlighting significant traction for this model of EV servicing, CnEV Post adds.
Unlike many provinces, Tianjin operates without county-level divisions, focusing efforts instead on urban districts.
This progress comes at a time of intensified competition in China&#8217;s EV sector.
Over the weekend, a <a target="_blank" href="https://www.cnbc.com/2025/05/26/chinas-byd-sees-shares-plunge-8percent-as-ev-maker-cuts-prices.html" rel="noreferrer noopener">CNBC</a> report stated that rival BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) triggered market turbulence by slashing prices on its flagship electric models.
The move, aimed at driving sales and protecting market share, sent shares of NIO, XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), and Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) tumbling as investors recalibrated expectations in light of a renewed pricing war.
As the Chinese EV market continues to evolve, investors might consider related exposure through ETFs like the Invesco Golden Dragon China ETF(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>).
Price Action: NIO shares are trading lower by 0.41% to $3.675 premarket at last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45612246/nvidia-to-be-hit-by-china-chip-export-curbs-or-deliver-q2-guidance-surprise-after-middle-east-dealmaking-heres-what-charts-show-ahead-of-q1-results" target="_blank" rel="noreferrer noopener">Nvidia To Be Hit By China Chip Export Curbs Or Deliver Q2 Guidance Surprise After Middle East Deal? Here&#8217;s What Charts Show Ahead Of Q1 Results</a></li>
</ul>
Photo by Tada Images via Shutterstock

Asia

PowerShares Golden Dragon Halter USX China Portfolio

What's Going On With NIO Stock On Wednesday?

Regulators from China's commerce ministry are set to meet with executives from several Chinese automakers, including 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>), to discuss the surge in zero-mile used car sales.
What Happened: The meeting is set to take place on Tuesday afternoon, according to an anonymous source cited in a report by Reuters published on Tuesday.
A zero-mile used car is a car that has been registered with the authorities and has number plates, which make it a ‘sold' car. However, the car has never been driven. The report suggests over 4000 vendors sell these cars domestically in China.
The meeting also includes China Association of Automobile Manufacturers (CAAM), China Automobile Dealers Association (CADA), as well as executives from Dongfeng Motor Group Co., Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DNFGY#OTC">DNFGY</a>), the report suggests.
Why It Matters: The news comes in as used EVs are steadily picking up the pace. Recently, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) announced it will begin <a href="https://www.benzinga.com/25/05/45487522/tesla-is-accepting-trade-ins-for-2024-cybertruck-amid-plummeting-sales-figures-report">accepting trade-ins </a>for the Cybertruck, a year after the company released the product into the market.
Elsewhere, BYD has been ramping up its European goals, as the <a href="https://www.benzinga.com/markets/25/05/45560953/byds-europe-pivot-in-full-swing-with-new-26000-affordable-ev-amid-tesla-sales-slump">company recently unveiled </a>its Dolphin Surf hatchback EV in the region. The Dolphin Surf is the Euro-spec version of BYD's best-selling Seagull EV.
BYD also <a href="https://www.benzinga.com/25/05/45564693/byd-outsells-elon-musks-tesla-amid-european-plans-shift-into-gear">surpassed Tesla sales</a> for the first time recently as BYD registered 7,231 battery-electric vehicles in Europe in April, which was higher than Tesla&#8217;s 7,165 units during the same period, according to expert data.
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/markets/25/05/45596536/tesla-bull-dan-ives-thinks-elon-musks-ev-giant-could-be-entering-a-golden-era-says-2-trillion-market">Tesla Bull Dan Ives Thinks Elon Musk&#8217;s EV Giant Could Be Entering A &#8216;Golden Era,&#8217; Says 2 Trillion Market Cap &#8216;On The Table&#8217;</a></li>
</ul>
Photo courtesy: Tada Images / Shutterstock.com

DNFGY

Chinese Regulators Will Meet Tesla Rival BYD, Other Companies To Discuss 'Zero Mile' Used Cars: Report

Shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) might be in for a rough week, according to the Managing Partner of The Future Fund, Gary Black, following the announcement of steep discounts by the company&#8217;s Chinese rival.
What Happened: Black took to X on Monday, addressing concerns regarding the latest price war in the highly competitive EV market and its impact on Tesla. He was referring to Chinese automaker BYD Auto Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) and its recently announced discounts ranging from 6% and 20% across its EV franchises.
He notes that shares of BYD are down 7.7% in the Hong Kong stock exchange, which he attributes to the price cuts that are set to last until June 30. He also says that these cuts &#8220;will likely be matched by Chinese EV competitors,&#8221; hinting at a race to the bottom.
See Also: <a href="https://www.benzinga.com/tech/25/05/45610924/jensen-huang-says-biden-era-export-control-was-a-failure-if-they-dont-have-enough-nvidia-they-will-use-their-own">Jensen Huang Says Biden-Era &#8216;Export Control&#8217; Was A Failure: &#8216;If They Don&#8217;t Have Enough Nvidia, They Will Use Their Own&#8217;</a>
&#8220;This could weigh down $TSLA when it resumes trading Tuesday,&#8221; he says, despite the positive macroeconomic news, such as Trump&#8217;s decision to extend the tariff deadline for the EU, which Black believes holds limited upside for Tesla. 
On CEO Elon Musk's recent pledge to re-focus on Tesla, Black states bluntly that he views the announcement as a &#8220;non-event,&#8221; adding that it would do little to &#8220;change TSLA's declining delivery trajectory,&#8221; which consensus estimates peg at 1.7 million for the full-year, down 5% on a year-over-year basis.
Black also expressed skepticism over Tesla's upcoming low-cost EV, expected in the third quarter. He&#8217;s concerned that it may end up being &#8220;a scaled-down Model 3 or Model Y,&#8221; rather than an entirely new design. 
If that's the case, he argues, the vehicle likely won't expand Tesla's total addressable market or attract new buyers outside its existing base.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BYDDY&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BYDDY</a> -7.7% in Asia (1211 HK) after announcing temporary price cuts on 22 different EV models within its Dynasty and Ocean franchises that will run through June 30. The price cuts range from 6-20% and will likely be matched by Chinese EV competitors. This could weigh down… <a href="https://t.co/NK0k0Bwogp">https://t.co/NK0k0Bwogp</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1926863139594817712?ref_src=twsrc%5Etfw">May 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Musk&#8217;s return to the company as its full-time CEO, following a brief stint in the government has led to a 49% rally in the stock since it was first <a href="https://www.benzinga.com/25/04/44945402/wedbushs-dan-ives-raises-teslas-price-target-to-350-as-musk-promises-to-significantly-reduce-doge-time">announced last month</a>.
Wedbush Securities Analyst Dan Ives said last week that the company could be headed towards its &#8220;golden period&#8221; following Musk recommitting to the brand, predicting a <a href="https://benzinga.com/markets/25/05/45596536/tesla-bull-dan-ives-thinks-elon-musks-ev-giant-could-be-entering-a-golden-era-says-2-trillion-market">$2 trillion market cap</a> for the stock, citing its robotics and robotaxi plays.
Black, however, remains skeptical of the <a href="https://www.benzinga.com/25/05/45488706/gary-black-thinks-expectations-for-teslas-robotaxi-launch-are-too-high-currently-teslas-autonomy-cant">company&#8217;s robotaxi promises</a>, having said last week that &#8220;Tesla&#8217;s autonomy can&#8217;t be operated hands off/eyes off in most areas of the country,&#8221; calling the company&#8217;s claims into question, along with those of other Tesla bulls.
Ross Gerber of Gerber Kawasaki Wealth Management, who was a long-time Tesla bull himself, echoed similar concerns last week, citing his own experience using the Cybertruck&#8217;s FSD (Full Self-Driving) 13.2.9, which he found to be lackluster.
&#8220;This could be an extremely difficult time for them if they don't pull off or at least convince people that they have a real robotaxi business on the way,&#8221; Gerber said, adding that he believes the stock has been &#8220;overvalued for a while.&#8221;
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Stock / ETF</td>
<td class="has-text-align-center" data-align="center">Year-To-Date Performance</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</td>
<td class="has-text-align-center" data-align="center">-10.53%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)</td>
<td class="has-text-align-center" data-align="center">17.96%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">BYD Auto Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>)</td>
<td class="has-text-align-center" data-align="center">78.57%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)</td>
<td class="has-text-align-center" data-align="center">-15.51%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>)</td>
<td class="has-text-align-center" data-align="center">-16.04%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Global X Autonomous &amp; Electric Vehicles ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRIV#NASDAQ">DRIV</a>)</td>
<td class="has-text-align-center" data-align="center">-4.82%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">SPDR S&amp;P Kensho Smart Mobility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAIL#NYSE">HAIL</a>)</td>
<td class="has-text-align-center" data-align="center">-2.59%</td>
</tr>
</tbody>
</table>
</figure>
Price Action: Tesla shares were down 0.50% on Friday, trading at $339.34. Shares of BYD Auto were down 8.59% on Monday, and have extended their decline into Tuesday, with the stock trading down 2.25%, at $415.80 HKD, on the Hong Kong Stock Exchange.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="137" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27022831/Screenshot-2025-05-27-at-11.58.17-AM-1024x137.png" alt="" class="wp-image-927778" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27022831/Screenshot-2025-05-27-at-11.58.17-AM-1024x137.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27022831/Screenshot-2025-05-27-at-11.58.17-AM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27022831/Screenshot-2025-05-27-at-11.58.17-AM-768x102.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27022831/Screenshot-2025-05-27-at-11.58.17-AM-1536x205.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/27022831/Screenshot-2025-05-27-at-11.58.17-AM.png 1620w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to Benzinga&#8217;s Edge Stock Rankings, Tesla is ranked high across all metrics, besides Value, where it scores 8.76th percentile. It has a favorable price trend in the short, medium, and long terms. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">here</a> for deeper insights on the stock and its peers. 
Photo Courtesy: ssi77 on Shutterstock.com
Read More:
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<li><a href="https://www.benzinga.com/25/05/45609982/elon-musk-rival-ray-kurzweils-beyond-imagination-lands-100m-deal-as-tesla-nvidia-meta-race-toward-ai-powered-humanoid-robots">Elon Musk Rival? Ray Kurzweil&#8217;s Beyond Imagination Lands $100M Deal As Tesla, Nvidia, Meta Race Toward AI-Powered Humanoid Robots</a></li>
</ul>

Travel

ETFs

DRIV

HAIL

LCID

Gary Black Says Price War By BYD Threatens Tesla — Dismisses Elon Musk's Comeback As 'Non-Event'

President&nbsp;Donald Trump&nbsp;just fired a policy warning shot toward Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), reiterating that he expects the company to manufacture iPhones sold in the U.S. domestically, not in India or anywhere else. If not, he warns, a 25% tariff <a target="_blank" href="https://www.benzinga.com/government/regulations/25/05/45586328/itariff-threat-trump-turns-up-the-heat-but-apples-chart-still-holds-the-line" rel="noreferrer noopener">could be slapped on the tech giant</a>.
The U.S. Department of Transportation (DOT) is expected to declare that Corporate Average Fuel Economy or CAFE regulations implemented under the previous Biden administration exceeded <a target="_blank" href="https://www.benzinga.com/25/05/45514932/us-transportation-secretary-says-the-biden-administration-exceeded-legal-authority-to-include-evs-in-cafe-regulations-report" rel="noreferrer noopener">the government&#8217;s legal authority</a>.
Technology
Apple poached&nbsp;Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)-owned&nbsp;Google&#8217;s&nbsp;AI chief&nbsp;John Giannandrea. However, the tech giant is still struggling to catch up <a target="_blank" href="https://www.benzinga.com/media/25/05/45486193/why-is-apple-still-behind-on-ai-expert-dissects-reasons-behind-iphone-maker-lagging-likes-of-microsoft-and-amazon-despite-poaching-googles-ai-chief" rel="noreferrer noopener">in the artificial intelligence race</a>.
Apple&nbsp;reportedly plans to launch AI-powered smart glasses in late 2026 to compete with&nbsp;<a target="_blank" href="https://www.benzinga.com/media/25/05/45580078/apple-could-reportedly-launch-ai-smart-glasses-next-year-and-here-is-what-all-they-are-expected-to-do" rel="noreferrer noopener">Meta Platforms, Inc.&#8217;s</a><a target="_blank" href="https://www.benzinga.com/media/25/05/45580078/apple-could-reportedly-launch-ai-smart-glasses-next-year-and-here-is-what-all-they-are-expected-to-do" rel="noreferrer noopener">&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Ray-Bans</a>.
Meta&#8217;s&nbsp;Instagram is reportedly testing a new referral program that pays creators for driving traffic and sign-ups, <a target="_blank" href="https://www.benzinga.com/media/25/05/45510687/instagram-is-offering-creators-up-to-20000-to-bring-new-users-to-the-mark-zuckerberg-led-platform-heres-the-nitty-gritty" rel="noreferrer noopener">with&nbsp;payouts as high&nbsp;as $20,000</a>.
Meta CEO&nbsp;Mark Zuckerberg&nbsp;had once criticized the proprietary AirPods protocol of&nbsp;Apple, advocating for it to be <a target="_blank" href="https://www.benzinga.com/markets/25/05/45564798/mark-zuckerberg-once-vented-why-apple-airpods-have-no-competition-one-of-the-protocols-that-they-used" rel="noreferrer noopener">made accessible to competitors</a>.
Alphabet&#8216;s&nbsp;autonomous driving service&nbsp;Waymo&#8216;s CEO,&nbsp;Tekedra Mawakana,&nbsp;has shared her thoughts on the LiDAR vs Camera-based <a target="_blank" href="https://www.benzinga.com/tech/25/05/45585674/waymo-ceo-takes-aim-at-teslas-camera-only-approach-you-have-to-be-able-to-have-this-vision-thats-better-than-humans" rel="noreferrer noopener">system debate for autonomous driving</a>.
Alphabet&#8216;s Robotaxi&nbsp;Waymo&nbsp;has announced it reached the 10 million paid Robotaxi rides milestone, doubling its lifetime <a target="_blank" href="https://www.benzinga.com/25/05/45539621/tesla-robotaxi-rival-waymo-reaches-10-million-paid-rides-milestone-as-robotaxis-step-into-the-spotlight" rel="noreferrer noopener">total in a period of 5 months</a>.
A federal judge ruled that&nbsp;Google and AI startup&nbsp;Character.AI must face a wrongful death lawsuit filed by a Florida mother who claims the chatbot encouraged her <a target="_blank" href="https://www.benzinga.com/tech/25/05/45558772/google-and-character-ai-sued-after-teen-dies-following-interaction-with-game-of-thrones-themed-chatbot-judge-says-free-speech-defense-not-acceptable" rel="noreferrer noopener">teenage son to take his own life</a>.
Google's latest AI model is wowing the internet with near-realistic video generation—but for now, it&#8217;s locked <a target="_blank" href="https://www.benzinga.com/25/05/45560919/everyones-losing-their-minds-over-googles-veo-3-ai-videos-and-everyones-also-annoyed-they-cant-actually-use-it-yet-here-are-some-wild-examples-of-the-magic-this-model-can-create" rel="noreferrer noopener">behind an expensive subscription</a>.
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO&nbsp;Jensen Huang&#8217;s&nbsp;return to his native Taiwan for Computex 2025 has sparked a wave of &#8220;Jensanity,&#8221; with fans treating the <a target="_blank" href="https://www.benzinga.com/media/25/05/45487329/nvidias-jensen-huang-gets-rockstar-welcome-in-taiwan-pop-up-merch-screaming-fans-and-jet-parking-drama" rel="noreferrer noopener">AI pioneer like a celebrity</a>.
David Sacks, a tech investor and White House AI advisor, said that he believes the science fiction world created by&nbsp;Isaac Asimov is about to become reality, after&nbsp;Nvidia CEO stated that humanoid robots could fill <a target="_blank" href="https://www.benzinga.com/tech/25/05/45511786/trump-ai-czar-says-sci-fi-future-imagined-by-issac-asimov-is-here-after-nvidia-ceo-jensen-huang-observes-world-needs-millions-of-new-workers" rel="noreferrer noopener">the significant global labor shortage</a>.
Automobiles &amp; Airlines
Future Fund LLC&#8216;s managing director,&nbsp;Gary Black,&nbsp;says that analysts may be expecting too much from&nbsp;Tesla Inc.‘s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a target="_blank" href="https://www.benzinga.com/25/05/45488706/gary-black-thinks-expectations-for-teslas-robotaxi-launch-are-too-high-currently-teslas-autonomy-cant" rel="noreferrer noopener">June Robotaxi launch in Austin</a>.
Rivian Automotive Inc.&#8216;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) software chief&nbsp;Wassym Bensaid&nbsp;praised the&nbsp;Tesla rival&#8217;s partnership with German Automaker&nbsp;Volkswagen AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) as the company <a target="_blank" href="https://www.benzinga.com/markets/25/05/45490934/rivians-software-chief-hails-volkswagen-partnership-says-german-automaker-gained-startup-dna-ahead-of-budget-ev-launch" rel="noreferrer noopener">prepares to launch its budget EV</a>.
Ford Motor Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) will reportedly let&nbsp;Nissan Motor Co. Ltd.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANF#OTC">NSANF</a>) use part of its flagship <a target="_blank" href="https://www.benzinga.com/25/05/45562915/ford-will-let-nissan-use-part-of-kentucky-battery-factory-could-this-be-a-scaling-back-on-ev-ambitions" rel="noreferrer noopener">Kentucky battery manufacturing plant</a>.
Tesla CEO&nbsp;Elon Musk&nbsp;returned to his&nbsp;Microsoft Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) roots, joining CEO&nbsp;Satya Nadella&nbsp;at "Build 2025" to&nbsp;announce the integration&nbsp;of&nbsp;xAI&#8217;s Grok&nbsp;into Azure — a full-circle moment for the tech billionaire <a target="_blank" href="https://www.benzinga.com/tech/25/05/45510245/elon-musk-was-once-a-microsoft-intern-now-his-company-is-bringing-grok-to-azure-incredibly-important-for-ai-to-be-grounded-in-reality-xai-ceo-tells-satya-nadella" rel="noreferrer noopener">who once interned at the software giant</a>.
Elon Musk&nbsp;has shared a major Neuralink update at the Qatar Economic Forum with the Neurotechnology company&#8217;s Brain-Chip Interface Blindsight <a target="_blank" href="https://www.benzinga.com/25/05/45538889/elon-musk-shares-major-neuralink-update-at-qatar-economic-forum" rel="noreferrer noopener">set for its maiden trial next year</a>.
Chinese EV giant&nbsp;BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) has launched its best-selling all-electric hatchback <a target="_blank" href="https://www.benzinga.com/markets/25/05/45560953/byds-europe-pivot-in-full-swing-with-new-26000-affordable-ev-amid-tesla-sales-slump" rel="noreferrer noopener">Seagull&#8217;s updated version in Europe</a>.
Southwest Airlines Co.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) has announced that all passengers will be required to keep portable chargers in plain sight <a target="_blank" href="https://www.benzinga.com/25/05/45541427/southwest-airlines-announces-passengers-must-keep-portable-chargers-in-plain-sight-amid-fears-of-lithium-battery-fires" rel="noreferrer noopener">when in use for safety reasons</a>.
Entertainment
Walt Disney Co.&nbsp;filed a lawsuit against&nbsp;YouTube, a subsidiary of&nbsp;Alphabet Inc.&#8217;s&nbsp;Google&nbsp;to stop the appointment of former&nbsp;ESPN&nbsp;executive&nbsp;Justin Connolly&nbsp;as its new global head of media and sports, alleging breach of contract, unfair competition and interference <a target="_blank" href="https://www.benzinga.com/news/legal/25/05/45579755/disney-sues-youtube-to-block-hiring-of-former-espn-executive-justin-connolly-amid-sports-streaming-turf-war" rel="noreferrer noopener">with a contractual relationship</a>.
Walt Disney Co.&#8217;s&nbsp;Marvel Studios&nbsp;has delayed the theatrical release of &#8220;Avengers: Doomsday&#8221; from May 1, 2026, to Dec. 18, 2026, while &#8220;Avengers: Secret Wars&#8221; will now debut on Dec. 17, 2027, <a target="_blank" href="https://www.benzinga.com/general/entertainment/25/05/45581252/marvel-delays-robert-downey-jr-starrer-avengers-doomsday-and-secret-wars-to-december-2026-but-disney-has-a-summer-blockbuster-in-store" rel="noreferrer noopener">instead of May 7, 2027</a>.
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Consumer Tech News (May 19-May 23): Trump Warns Apple Of 25% Tariff if Manufactured Overseas, Disney Sues YouTube & More

Amazon.com Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) autonomous vehicle unit, Zoox, will start testing its <a target="_blank" href="https://www.benzinga.com/topic/autonomous-driving" rel="noreferrer noopener">self-driving vehicles</a> in Atlanta, Georgia.
Zoox <a target="_blank" href="https://techcrunch.com/2025/05/20/amazons-zoox-to-start-testing-avs-in-atlanta-following-waymo/" rel="noreferrer noopener">told</a> TechCrunch on Tuesday that autonomous driving will begin this summer.
In related news, Alphabet Inc.&#8217;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, <a target="_blank" href="https://www.benzinga.com/tech/25/05/45512512/tesla-robotaxi-rival-waymo-announces-california-expansion-as-autonomous-taxi-race-heats-up" rel="noreferrer noopener">in partnership with</a> Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), is opening service&nbsp;for a limited selection of riders in Atlanta this week.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45514486/chinas-pony-ai-robotaxi-revenue-jumps-200-eyes-1000-vehicle-fleet" rel="noreferrer noopener">China&#8217;s Pony AI Robotaxi Revenue Jumps 200%, Eyes 1,000-Vehicle Fleet</a>
Lyft Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) also <a target="_blank" href="https://www.benzinga.com/news/24/11/41798436/lyft-teams-up-with-intels-mobileye-may-mobility-for-robotaxi-services-as-tesla-gears-up-to-enter-aut" rel="noreferrer noopener">shared plans to</a> launch a driverless ride-hail service&nbsp;with&nbsp;May Mobility last November.
Zoox plans to <a target="_blank" href="https://www.benzinga.com/government/regulations/25/05/45246755/amazons-zoox-to-open-new-california-factory-scale-robotaxi-fleet-ahead-of-public-launch-in-las-vegas-and-san-francisco" rel="noreferrer noopener">offer public rides</a> in the robotaxi in San Francisco and Las Vegas, and production will ramp up substantially in 2026.
As per its co-founder Jesse Levinson, Zoox will open a new production facility in California&#8217;s Bay Area to expand its robotaxi fleet beyond its current small Fremont operation.
The production expansion followed the Trump administration&#8217;s plans to loosen regulations for self-driving car deployment amid growing competition from China&#8217;s&nbsp;BYD (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>) and other autonomous vehicle developers.
Meanwhile, Zoox has <a target="_blank" href="https://www.benzinga.com/25/05/45247102/amazons-tesla-robotaxi-rival-zoox-recalls-270-driverless-vehicles-following-las-vegas-crash-in-april" rel="noreferrer noopener">reportedly recalled over</a> 270 vehicles to rectify a software issue that led to a crash in Las Vegas, Nevada, on April 8, 2025.
<h2 class="wp-block-heading">Amazon Stock Prediction For 2025</h2>
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Amazon.com, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Amazon.com, the 200-day moving average sits at $200.0, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is below the current price of $203.5. For more on charts and trend lines, <a href="https://pro.benzinga.com/">see a description here.</a>
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
Price Action: AMZN stock is down 1.23% at $203.60 at last check Tuesday.
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<li><a href="https://www.benzinga.com/media/25/05/45521563/weride-stock-climbs-on-tencent-cloud-deal-to-speed-global-robotaxi-push" target="_blank" rel="noreferrer noopener">WeRide Stock Climbs On Tencent Cloud Deal To Speed Global Robotaxi Push</a></li>
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Phtoo by Sundry Photography via Shutterstock

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Amazon's Zoox To Launch Self-Driving Car Tests In Atlanta This Summer

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares have surged 46% since late April, adding $350 billion in market capitalization despite expected delivery declines, according to Gene Munster, Managing Partner at Deepwater Asset Management.
What Happened: Munster attributes 65% of the rally to two key factors: better-than-anticipated automotive gross margins and Tesla&#8217;s reaffirmed timeline for launching its ride-hailing service in Austin.
&#8220;The reason investors are looking the other way is that Tesla remains the best-positioned company in physical AI — and long term, that should be worth more than $1.1 trillion,&#8221; Munster wrote Wednesday on X.
Another 25% of the stock&#8217;s momentum came from the May 10 pause on China tariffs, which eased concerns about potential 145% parts cost increases. The 10% move followed news that Tesla&#8217;s Board is developing contingency plans for Elon Musk&#8216;s contested 2018 pay package.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">What makes the move more impressive is that most investors are well aware that delivery numbers need to come down this year. I'm still at 1.6 million (down about 11% YoY) vs. the Street at 1.72 million. The reason those investors are looking the other way is that Tesla remains… <a href="https://t.co/l1xZvje8Ng">https://t.co/l1xZvje8Ng</a>
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1922773902712877559?ref_src=twsrc%5Etfw">May 14, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/general/health-care/25/05/45426769/unitedhealth-stock-plunges-over-8-in-after-hours-trading-as-doj-criminal-probe-adds-to-turmoil-after-ceo-shake-up">UnitedHealth Stock Plunges Over 8% In After-Hours Trading As DOJ Criminal Probe Adds To Turmoil After CEO Shake-Up</a>
Why It Matters: The planned June robotaxi launch comes as <a href="https://www.benzinga.com/markets/equities/25/05/45402695/teslas-robotaxi-plans-under-federal-scrutiny-ahead-ff-austin-launch-as-elon-musk-vows-nationwide-rollout-by-year-end">federal regulators scrutinize how Tesla&#8217;s autonomous vehicles will handle challenging conditions</a>. CEO Musk has promised a nationwide rollout by year-end, despite the National Highway Traffic Safety Administration requesting additional safety information.
&#8220;Heavy lifting ahead,&#8221; warns tech analyst Dan Ives, who estimates &#8220;15% to 20% permanent demand destruction&#8221; in Europe amid <a href="https://www.benzinga.com/25/05/45398745/heavy-lifting-ahead-dan-ives-says-teslas-future-hinges-on-autonomy-as-europe-demand-cratersxai-acquisition-could-be-musks-next-big-bet">rising competition from Chinese automakers</a> like BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>).
With first-quarter profits down 71%, Ives believes Tesla&#8217;s future increasingly hinges on its autonomy initiatives. The ride-hailing opportunity could significantly impact Tesla&#8217;s financial profile, with Munster noting the U.S. market generates approximately $90 billion in annual <a href="https://www.benzinga.com/25/05/45398745/heavy-lifting-ahead-dan-ives-says-teslas-future-hinges-on-autonomy-as-europe-demand-cratersxai-acquisition-could-be-musks-next-big-bet">gross bookings across 4 billion rides</a>.
Price Action: Tesla rejoined the <a href="https://www.benzinga.com/news/management/25/05/45419116/musk-bezos-gain-billions-after-us-china-trade-deal-but-the-wealthiest-10-are-still-down-67b-in-2025">trillion-dollar valuation club</a> Wednesday after climbing 40% from April lows, though shares remain down 8.1% year-to-date in 2025.
Photo Courtesy: Josiah True on Shutterstock.com
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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's $350 Billion Rally Isn't Just A Rebound — Gene Munster Says It's Riding On Margins, Robotaxis, AI And Elon Musk

Tech analyst Dan Ives offers a candid assessment of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) as demand pressures mount and investor attention shifts toward its autonomy and AI roadmap.
What Happened: Appearing on the Risk Reversal podcast on Tuesday, Ives flagged Tesla&#8217;s worsening sales trends in Europe, estimating &#8220;15% to 20% permanent demand destruction,&#8221; up from his prior forecast of 5%.
&#8220;There&#8217;s some heavy lifting ahead,&#8221; Ives says, citing rising competitive pressures from the likes of Chinese auto giant BYD Co Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>), both across China and Europe. 
With its core EV growth under pressure, Ives argues the company&#8217;s future increasingly relies on its autonomy and AI initiatives, while describing the next 6 to 8 months as a pivotal stretch. &#8220;You need to show that this is going to ultimately kick off the autonomous vision,&#8221; he says, pointing to the upcoming launch of the &#8220;CyberCab&#8221; as a potential inflection point.
See Also: <a href="https://www.benzinga.com/25/05/45381782/elon-musk-vows-to-spend-less-time-in-white-house-doge-office-investors-warn-the-damage-is-done-and-teslas-troubles-are-far-from-over">Tesla Supplier CATL Sets Modest Underwriting Fees For World&#8217;s Biggest IPO Of 2025</a>
Speaking on Elon Musk&#8217;s artificial intelligence startup, xAI that now owns X (formerly known as Twitter), Ives believes that such a move could help justify Tesla&#8217;s premium valuations by embedding advanced AI capabilities directly into its stack. 
Ives sees the odds of a Tesla-xAI merger at 35%, &#8220;The chance that that happens in the next 6 to 9 months is not 5%, it's more like 35%,&#8221; he says.
Why It Matters: Tesla's struggles in Europe <a href="https://benzinga.com/markets/25/05/45192200/teslas-european-woes-deepen-as-new-car-sales-for-april-plunge-in-spain-as-chinese-rivals-soar">deepened in recent weeks</a>, with new car sales in Spain falling 36% year-over-year in April, even as Chinese competitors posted a 54% increase over the same period.
The company nonetheless rejoined the trillion-dollar club on Tuesday, following a 40% rally from its April lows. In addition to the easing of trade tensions between the U.S. and China, the promised <a href="https://www.benzinga.com/news/25/05/45387469/tesla-stock-soars-amid-china-tariff-relief-and-robotaxi-buzz">debut of robotaxis</a> in Austin next month has led to this momentum.
Ives has always been bullish on <a href="https://benzinga.com/25/05/45126638/tesla-will-own-the-autonomous-market-dan-ives-says-shrugging-off-waymo-toyota-agreement">Tesla&#8217;s autonomous plays</a>, stating recently that the company &#8220;will own the autonomous market,&#8221; since &#8220;no one can compete with their scale and scope.&#8221; 
Others, including fund manager Gary Black, have similar views. Black said he <a href="https://benzinga.com/25/05/45339797/gary-black-doubles-down-on-ubers-autonomy-upside-reflects-on-tesla-debates-i-was-right-on-volume-pr-and-robotaxis">remains bullish on Tesla</a> over the long term, stating that &#8220;as EV adoption and demand for autonomy increase, $TSLA remains the best positioned to capitalize on these two megatrends.&#8221;
Price Action: Tesla shares rose 4.93% to $334.07 on Tuesday and gained nearly 0.7% in after-hours trading.
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<iframe loading="lazy" title="Why Dan Ives Says Palantir Is the Real AI Winner Despite Sky-High Valuation" width="500" height="281" src="https://www.youtube.com/embed/JkcotyLg3oI?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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<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"><img loading="lazy" decoding="async" width="1024" height="136" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14020320/Screenshot-2025-05-14-at-11.33.05-AM-1024x136.png" alt="" class="wp-image-914425" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14020320/Screenshot-2025-05-14-at-11.33.05-AM-1024x136.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14020320/Screenshot-2025-05-14-at-11.33.05-AM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14020320/Screenshot-2025-05-14-at-11.33.05-AM-768x102.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14020320/Screenshot-2025-05-14-at-11.33.05-AM-1536x205.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/14020320/Screenshot-2025-05-14-at-11.33.05-AM.png 1606w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
For more insights on Tesla&#8217;s stock score and price trends, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a>. 
Photo courtesy: Kemarrravv13 on Shutterstock.com
Read More: 
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<li><a href="https://www.benzinga.com/25/05/45381782/elon-musk-vows-to-spend-less-time-in-white-house-doge-office-investors-warn-the-damage-is-done-and-teslas-troubles-are-far-from-over">Elon Musk Vows To Spend &#8216;Less Time&#8217; In White House DOGE Office – Investors Warn &#8216;The Damage Is Done&#8217; And Tesla&#8217;s Troubles Are &#8216;Far From Over&#8217;</a></li>
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Dan Ives Says Tesla's Future Hinges On Autonomy As Europe Demand Craters—xAI Acquisition Could Be Musk's Next Big Bet: 'Heavy Lifting Ahead'

Despite a rocky year-to-date drop of over 16%, Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rallied 40% from its April lows and catapulted back to <a href="https://www.benzinga.com/markets/equities/25/02/43962728/tesla-loses-1-trillion-valuation-as-shares-plunge-8-elon-musks-doge-role-brand-backlash-fuel-sell-off">the $1 trillion club</a>. 
The electric vehicle maker, which lost its $1 trillion valuation in February, has powered up more than 26% in the past month thanks to a robotaxi update, technical momentum, and a sudden reprieve in <a href="https://www.benzinga.com/government/regulations/25/05/45367206/sp-500-rallies-over-3-on-us-china-90-day-tariff-truce-but-experts-warn-it-doesnt-guarantee-a-complete-resolution-of-the-trade-war">U.S.-China trade tensions</a>.
With shares now trading at $318.38, the Tesla stock chart now reads like a technician's dream. See below.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0513"><img loading="lazy" decoding="async" width="633" height="488" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13045647/Screenshot-2025-05-13-at-2.14.39-PM.png" alt="" class="wp-image-913139" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13045647/Screenshot-2025-05-13-at-2.14.39-PM.png 633w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13045647/Screenshot-2025-05-13-at-2.14.39-PM-300x231.png 300w" sizes="(max-width: 633px) 100vw, 633px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0513">Chart created using Benzinga Pro</a>
Read Also: <a href="https://www.benzinga.com/markets/equities/25/05/45366272/republicans-target-ev-perks-with-new-bill-ford-tesla-rivian-face-fallout-as-200-billion-in-battery-belt-investments-hang-in-balance">Republicans Target EV Perks With New Bill: Ford, Tesla, Rivian Face Fallout As $200 Billion In Battery Belt Investments Hang In Balance</a>
<h2 class="wp-block-heading">TSLA: Chart Whisperers Go Bullish</h2>
Tesla stock has closed above the closely watched 200-day simple moving average (currently at $294.06) and is trading comfortably above its five, 20 and 50-day exponential moving averages — a classic hallmark of a strong bullish trend.
The eight-day and 20-day simple moving averages are both giving firm buy signals, with prices well above those levels. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator prints a healthy 11.17 and the Relative Strength Index (RSI) sits at 64.77 — suggesting momentum without overheating.
To top it off, Tesla just confirmed a triple bottom formation, a technical pattern, repeatedly bouncing off the support at around $225. This technical chart pattern often precedes sustained bullish reversals. Charts indicate a clear bullish uptrend from here, with key support zones at $289 and $225.
<h2 class="wp-block-heading">Robotaxi Dreams Vs. China Blues</h2>
While Wall Street is fixated on Musk's promised robotaxi debut in Austin next month — albeit with "maybe 10–20 vehicles" — China remains Tesla's Achilles' heel. The company slid to <a href="https://cnevpost.com/2025/05/12/automakers-share-china-nev-market-apr-2025/">eighth</a> place in China's new energy vehicle market in April, capturing just 3.2% share, down sharply from 7.5% in March.
BYD Co Ltd (OTCPK:BYDDF) (OTCPK:BYDDY) continues to dominate the Chinese NEV space, posting a staggering 268,778 units sold in April. Tesla's local deliveries dropped nearly 9% year-over-year. And yet, none of this has derailed the current rally.
<h2 class="wp-block-heading">Back In The Trillionaire Club</h2>
Thanks to a nearly 7% pop on Monday, Tesla rejoined the $1 trillion market cap club. 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>) and Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) are also members.
The bigger surprise is just how fast sentiment flipped. CEO Elon Musk's decision to dial down his political involvement and refocus on Tesla may have rekindled investor faith. Although David Sacks, the White House&#8217;s &#8220;crypto czar,&#8221; recently <a href="https://www.benzinga.com/markets/25/04/45094266/elon-musk-isnt-completely-out-of-doge-hes-just-in-maintenance-mode-says-david-sacks-if-he-doesnt-theres-gonna-be-a-huge-backsliding" target="_blank" rel="noreferrer noopener">stated </a>that Musk was not completely out of DOGE.
If momentum holds and robotaxi execution doesn&#8217;t stumble, Tesla may be turbocharged for the second half of the year.
Read Next: 
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<li><a href="https://www.benzinga.com/25/05/45372179/us-china-tariff-truce-adds-nearly-45-billion-to-net-worth-of-elon-musk-jeff-bezos-mark-zuckerberg">Elon Musk, Jeff Bezos, Mark Zuckerberg Gain Billions As US-China Tariff Truce Boosts Tech Billionaires&#8217; Fortunes</a></li>
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Image: Shutterstock

Tesla Back In The Trillionaire Club: EV Stock Revs Back With 40% Rebound, Robotaxi Update

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) battery supplier Contemporary Amperex Technologies Co. Ltd., plans to raise over $4 billion through a stock listing on Hong Kong's stock exchange.
What Happened: The Chinese battery giant will aim to raise the figure by selling over 117.9 million shares priced at HK$263 ($33.75) on the Hong Kong stock exchange, Reuters reported on Monday.
The report also suggests that the deal could be raised to $5.3 billion if an offer size adjustment and a Greenshoe option are implemented, which essentially allows the underwriters to sell more shares if there is sufficient demand.
This is the biggest listing on the planet so far this year, the report said and the final price for the listing could be announced on or before May 19. The company says it will use the money raised to develop its Hungary manufacturing facility.
Why It Matters: News of the listing comes in as CATL <a href="https://www.benzinga.com/markets/asia/25/02/43613949/tesla-supplier-catl-eyes-5-billion-hong-kong-listing-amid-us-sanctions-market-revival-report">was previously eyeing a listing</a> in Hong Kong worth over $5 billion amid growing U.S.-China trade tensions.
The China-based EV battery manufacturer had also recently taken the wraps off its new battery, which offers <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">over 323 miles of range</a> on a 5-minute charge.
CATL's clients include companies like Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), as well as Volkswagen AG (OTCPK: VLKAF).
Elsewhere, the Chinese EV industry is making headway into other markets throughout the world, with BYD Co.Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) having laid out plans to construct a <a href="https://www.benzinga.com/25/04/45097773/satellite-images-put-tesla-rival-byds-hungarian-factory-capable-of-producing-200k-units-annually-in-the-spotlight">factory in Hungary</a> to aid its European strategy. The factory could help BYD produce over 200,000 vehicles annually.
Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
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