BYD Just Added Another Problem to Tesla's Long List
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Tesla (NASDAQ: TSLA) investors have been on a bit of a roller coaster ride so far in 2025. The technology company's stock was up early in the year before falling as much as 45% in March and April, and then partially recovering so that it now trades down about 15% for the year. It still trades nearly 28% below all-time highs reached in December 2024.Along the way, there have been constant challenges, including a price war in China, severely declining sales in Europe, and brand backlash related to CEO Elon Musk's involvement in national and international politics.The coaster ride could potentially turn downhill again this month, thanks to China-based electric vehicle (EV) maker BYD's (OTC: BYDDY) recent move to slash prices. The action will apply more pressure to a now-challenging Chinese market that Tesla used to dominate. Let's dig into the details.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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Quelle: MotleyFool
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