L'intérêt à découvert pour BYD donne aux investisseurs une idée du degré auquel les investisseurs parient sur la baisse de l'action de BYD. Les données sur l'intérêt à découvert sont mises à jour toutes les deux semaines.

BYD (OTC:BYDDY) Stock, Rapport sur les intérêts à découvert

BYD COMPANY LTD ADR

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

BYD Co Ltd

The 25% tariff on imported cars and parts could wipe out up to 3 million vehicle sales, slash automaker profits in half and throw the U.S. auto supply chain into chaos as manufacturers scramble to reconfigure operations in a high-stakes race against time, <a href="https://www.benzinga.com/topic/expert-ideas">according to Bank of America</a>. 
In a note shared Wednesday, research analyst John P. Babcock said President Donald Trump&#8217;s new trade action announced on March 26 would trigger significant demand destruction, higher consumer prices, and a severe blow to profitability, especially if additional parts tariffs are confirmed in May.
<h3 class="wp-block-heading">How Bad Could It Get For US Auto Sales?</h3>
The proposed tariffs—taking effect April 3—apply to all imported cars, light trucks and several critical components, including engines, transmissions, and electrical systems. According to Babcock, the industry response will be higher vehicle prices across the board.
If manufacturers pass along the full 25% tariff to consumers, BofA estimates a sales loss of 3.2 million units at the current trend rate of 16 million vehicles annually — a 20% collapse. A more conservative case, with only 15% of costs passed through, still implies a demand drop of 2.5 million units, or about 15%.
"Affordability has already been a challenge," Babcock said. "This only exacerbates the situation."
<h3 class="wp-block-heading">Can Automakers Reshore Production?</h3>
There may be limited relief for automakers with idle U.S. plant capacity. 
Bank of America estimates that more than a million vehicle assembly units could be reshored to U.S. factories with minor investments and hiring. General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) are best positioned for this pivot.
Yet, labor constraints, weak demand for some U.S.-built models and the logistical complexities of scaling production rapidly remain obstacles. 
Over a longer horizon, most automakers could bring production stateside, yet that would require "large capital investments" and likely further tilt the product mix toward higher-end vehicles, leaving a gap in affordable options.
Chinese automakers such as BYD Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), Geely, and Xiaomi could potentially fill that gap if they establish U.S. manufacturing.
<h3 class="wp-block-heading">What's The Real Cost Of Parts Tariffs?</h3>
While full vehicle reshoring is challenging, the real pain may come from the auto parts tariffs. A final decision is expected by May 3.
Babcock outlined three scenarios: targeted tariffs on powertrain and electronics, blanket tariffs on all auto parts, or a hybrid combination.
If all parts are hit with the 25% tariff, the cost per U.S.-assembled vehicle jumps by $3,285, including $1,065 for powertrain parts, $840 for electronics, and $1,380 for other components.
That alone translates to an average price increase of 8%+, which could either be passed on to consumers or absorbed in profit margins.
In total, the industry faces a $26 billion hit under this scenario, equivalent to "halving all automaker profits in the U.S.," Babcock said.
<h3 class="wp-block-heading">Reshoring Auto Parts? Not Likely</h3>
While some optimism exists around reshoring vehicle assembly, the parts side tells a different story.
According to Babcock, reshoring auto parts manufacturing is "essentially impossible" due to high U.S. labor costs and a lack of skilled workers.
Unlike vehicle plants that may have idle capacity, parts suppliers have little to no slack in the U.S. system, leaving supply chains exposed and North American production vulnerable to disruptions.
Tariffs on powertrain components may offer a narrow path to incentivize domestic production, but anything broader risks major breakdowns in vehicle manufacturing continuity.
Read now: 
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<li><a href="https://www.benzinga.com/government/regulations/25/03/44544217/chicken-tax-2-0-bank-of-america-flags-3-million-sales-at-risk-after-auto-tariffs">Chicken Tax 2.0: Bank Of America Flags 3 Million Sales At Risk After Auto Tariffs</a></li>
</ul>
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Trump's Auto Tariffs Could Crush Demand, Blow $26 Billion Hole In Industry Profits

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

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

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

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HSAI

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

Foxconn Technology Group, also known as Hon Hai Precision (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHPF#OTC">HNHPF</a>), is poised to make significant strides in the electric vehicle market, announcing a strategic seminar in Japan on Apr. 9 to demonstrate its manufacturing capabilities and court <a href="https://www.benzinga.com/markets/equities/25/02/43685566/apple-supplier-foxconn-considers-buying-nissan-shares-but-only-if-an-ev-deal-is-in-place">potential automotive partnerships</a>. 
What Happened: The Taiwan-based contract manufacturer, known for producing iPhones for Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and AI servers for Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), is leveraging its newly hired Chief EV Strategy Officer Jun Seki, a former Nissan executive, to showcase its automotive ambitions, Reuters reported, citing sources. 
The upcoming seminar represents a critical moment in Foxconn&#8217;s five-year EV manufacturing journey.
A landmark deal with Mitsubishi Motors marks a significant breakthrough for Foxconn&#8217;s automotive strategy. The contract involves manufacturing electric vehicles for sale in Oceania markets, including Australia, New Zealand, and Taiwan. 
Foxconn did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/25/03/44507834/short-seller-jim-chanos-flags-huge-red-flag-in-nvidias-reseller-buyout-attempt">Nvidia&#8217;s Reported Lepton AI Buyout A &#8216;Huge Red Flag,&#8217; Says Short Seller Jim Chanos, Warns Of Inventory Risk</a>
Why It Matters: This partnership comes at a crucial time when Japan&#8217;s automotive industry is facing increasing competition from agile Chinese EV manufacturers like BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>).
The company&#8217;s EV joint venture, Foxtron, established with Taiwan&#8217;s Yulon, currently counts Luxgen as its primary client. Meanwhile, Foxconn is exploring broader strategic opportunities, including potential share acquisitions in established automotive companies like Nissan, contingent upon <a href="https://www.benzinga.com/markets/equities/25/02/43685566/apple-supplier-foxconn-considers-buying-nissan-shares-but-only-if-an-ev-deal-is-in-place">securing robust EV manufacturing partnerships</a>.
Price Action: Hon Hai Precision is trading at 160.50 TWD ($4.85), down 3.31% on Thursday on the Taiwan Exchange as of 1.30 pm local time. 
Read Next:
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<li><a href="https://www.benzinga.com/media/25/03/44507360/alibaba-chairman-questions-future-of-humanoid-robots-after-nvidia-ceo-jensen-huang-predicts-factory-adoption-within-5-years-dont-need-machines-to-replace-humans" target="_blank" rel="noreferrer noopener">Alibaba Chairman Questions Future Of Humanoid Robots After Nvidia CEO Jensen Huang Predicts Factory Adoption Within 5 Years: ‘Don't Need Machines To Replace Humans'</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Nvidia And Apple Supplier Foxconn To Present EV Plans At Japan Seminar Following Mitsubishi Deal: Report

President Donald Trump&#8216;s announcement of a 25% tariff on auto imports has sparked widespread concern among economists and market analysts, with many warning of potential <a href="https://www.benzinga.com/25/03/44506345/trump-imposes-25-tariffs-on-auto-imports-says-this-will-continue-to-spur-growth-canada-eu-slam-the-move">severe economic consequences</a>.
What Happened: The tariffs, set to take effect on Apr. 3, aim to boost domestic auto manufacturing but could trigger significant market disruption. Prominent economists have raised alarms about the potential economic fallout. Peter Schiff highlighted that the tariffs will increase car prices and potentially put upward pressure on interest rates.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump imposed 25% tariffs on imported cars, which will raise the price of all cars. Then he&#39;s also proposing the tax deductibility of interest on loans to buy domestic cars. Since cars will cost more, the size of auto loans will rise, putting upward pressure on interest rates.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1905018258920517646?ref_src=twsrc%5Etfw">March 26, 2025</a></blockquote>
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Economist Justin Wolfers suggested the tariffs might discourage car purchases, potentially creating a ripple effect across the automotive market. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We&#39;ve been thinking about buying a second car, but with tariffs boosting the cost of imports by 25% — and reduced competition boosting prices of domestics — I might just wait a bit, hoping he walks it back. Now work through the macro consequences if others have similar thoughts.
&mdash; Justin Wolfers (@JustinWolfers) <a href="https://twitter.com/JustinWolfers/status/1905023749260222941?ref_src=twsrc%5Etfw">March 26, 2025</a></blockquote>
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Gary Black of The Future Fund LLC was even more direct, stating that Trump has &#8220;found further ways to push the economy into recession.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump (aka Tariff man) found further ways to push the economy into recession today, signing a proclamation to implement a 25% tariff on auto imports, expanding a trade war designed to bring more manufacturing jobs to the US and setting the stage for an even broader push on levies…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1905048163464966306?ref_src=twsrc%5Etfw">March 27, 2025</a></blockquote>
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Providing historical context, Scott Paul, President of The Alliance for American Manufacturing, noted that &#8216;Trump would not be 1st POTUS to suggest higher tariffs on autos,&#8217; citing long-standing tariffs on pickup trucks and recent tariffs on Chinese EVs. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Trump would not be 1st POTUS to suggest higher tariffs on autos. We&#39;ve had 25% tariffs on pickup trucks (- Canada &amp; Mexico) for 40+ years. Biden imposed 100% tariffs on Chinese EVs to prevent them. US absorbs more car imports than any other nation by far&#8230;via <a href="https://twitter.com/dunne_insights?ref_src=twsrc%5Etfw">@dunne_insights</a> <a href="https://t.co/qQGdNdXDyH">pic.twitter.com/qQGdNdXDyH</a>
&mdash; Scott Paul (@ScottPaulAAM) <a href="https://twitter.com/ScottPaulAAM/status/1904953064806547868?ref_src=twsrc%5Etfw">March 26, 2025</a></blockquote>
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The United Auto Workers, meanwhile, advocated for auto companies to absorb the tariff costs, stating, &#8216;auto companies…should absorb the cost of these tariffs rather than passing them on to consumers,&#8217; suggesting potential legislative support.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">As they shift their supply chains and investments to the US, auto companies that have enjoyed years of record profits should absorb the cost of these tariffs rather than passing them on to consumers, and the UAW would support legislative or regulatory action requiring them to do…
&mdash; UAW (@UAW) <a href="https://twitter.com/UAW/status/1905034079726174306?ref_src=twsrc%5Etfw">March 26, 2025</a></blockquote>
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</figure>
See Also: <a href="https://www.benzinga.com/markets/asia/25/03/44486235/chinas-milk-tea-chain-chagee-files-for-nasdaq-ipo-under-cha-taking-on-starbucks-in-growing-market" target="_blank" rel="noreferrer noopener">China's Milk Tea Chain Chagee Files For Nasdaq IPO Under ‘CHA,' Taking On Starbucks In Growing Market</a>
Why It Matters: The market&#8217;s immediate reaction was negative, with the S&amp;P 500, tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), dropping 1.1% and the Nasdaq 100, tracked by Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), falling 1.83%. Automotive stocks saw significant declines, with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) dropping 5.6% and General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) falling 9.11%.
The tariffs will primarily affect non-U.S. content in autos under the USMCA trade pact. The Trump administration argues that U.S. automakers have sufficient capacity to increase domestic production and avoid tariffs.
Some potential beneficiaries include companies with strong domestic production, like Tesla, Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), and domestic used car dealers such as AutoNation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) and CarMax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>).
Read Next: 
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<li><a href="https://www.benzinga.com/government/regulations/25/03/44503568/sp-says-us-growth-to-slow-in-2025-but-recession-not-most-likely-outcome-yet">S&amp;P Says US Growth To Slow In 2025, But Recession Not &#8216;Most Likely Outcome Yet&#8217;</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.

Trump's 25% Auto Tariff Raises Will Put Pressure On Interest Rates, Says Economist — Tesla Investor Gary Black Says President Found 'Further Ways To Push The Economy Into Recession Today'

President Donald Trump declared on Wednesday the introduction of a 25% tariff on auto imports. This decision aims to stimulate domestic production but could financially strain automakers dependent on international supply chains.
What Happened: The tariffs, poised to generate $100 billion annually, are set to be enforced starting April 3, <a href="https://apnews.com/article/autos-tariffs-trump-tax-imports-ford-gm-e53823ef7bbb7b3c46d11eca90aaa638?user_email=97d05b29432d778bbb1ffb8f16f2769451bf1d6125981f71ceccbe18ec8d01d8&amp;utm_medium=APNews_Alerts&amp;utm_source=Sailthru_AP&amp;utm_campaign=NewsAlert_Mar26_2025_05:37PM&amp;utm_term=AP%20News%20Alerts#">reported</a> the Associated Press. The administration anticipates that the increased costs will incentivize the opening of more factories within the U.S., thereby reducing dependence on global supply chains. However, American automakers, who rely on components sourced globally, might face heightened expenses and reduced sales.
&#8220;This will continue to spur growth,&#8221; said Trump on his decision, according to the Press.
Under the USMCA trade pact covering the United States, Mexico, and Canada, the 25% tariffs would only affect non-U.S. content in autos and parts.
The administration argues that U.S. automakers have enough excess capacity to increase domestic production and bypass the tariffs. An official also pointed out that automakers have been aware of the potential tariffs since Trump&#8217;s campaign.
Shares of General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) dropped by over 3% on Wednesday, while Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) experienced a slight uptick. Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>), the parent company of Jeep and Chrysler, saw its stock value decline by nearly 3.6%.
International leaders, including Canadian Prime Minister Mark Carney and European Commission President Ursula von der Leyen, have criticized the tariffs, suggesting a potential escalation into a global trade conflict. Trump also proposed a tax incentive for American-made vehicles, allowing buyers to deduct auto loan interest from federal taxes.
Carney said, &#8220;This is a very direct attack.&#8221; The Prime Minister vowed to defend Canadian workers and companies. He said, &#8220;We will defend our country.&#8221;
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44505050/dollar-tree-sells-family-dollar-for-1-billion-truly-addition-by-subtraction-analyst-says">Dollar Tree Sells Family Dollar For $1 Billion: &#8216;Truly Addition By Subtraction,&#8217; Analyst Says</a>
Why It Matters: The announcement follows&nbsp;<a href="https://in.benzinga.com/25/03/44494096/trump-hints-at-more-lenient-stance-on-upcoming-april-tariffs-with-just-minor-considerations-i-dont-want-to-have-too-many-exceptions">Trump&#8217;s earlier hints</a>&nbsp;that the tariffs might be less stringent than initially anticipated, offering some relief to investors. During a Newsmax interview, Trump suggested a more lenient approach, acknowledging minimal exceptions.
Earlier, Trump had indicated that while&nbsp;<a href="https://in.benzinga.com/news/global/25/03/44468587/trump-announces-auto-tariffs-are-imminent-but-some-countries-might-receive-exemptions">tariffs on automobiles were imminent</a>, not all would be enforced by April 2. He mentioned potential exemptions for certain countries, though specifics were not provided.
Trump&#8217;s tariffs on steel, aluminum, and auto imports <a href="https://in.benzinga.com/25/03/44342459/4-auto-stocks-set-to-benefit-from-trumps-tariffs">hurt foreign-part-dependent automakers</a> but benefit companies with strong domestic production and supply chains. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), BYD Company Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), and GM are poised to gain, while automakers reliant on cross-border supply chains face higher costs. Used car dealers like AutoNation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) and CarMax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NASDAQ">KMX</a>) may also benefit as new car prices rise.
Image via Shutterstock
Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/politics/25/03/44505859/trumps-approval-rating-hits-new-low-since-inauguration-americans-unhappy-with-presidents-handling-of-economy">Trump&#8217;s Approval Rating Hits New Low Since Inauguration: Americans Unhappy With President&#8217;s Handling Of Economy</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

Trump Imposes 25% Tariffs On Auto Imports, Says 'This Will Continue To Spur Growth' — Canada, EU Slam The Move

NBA legend <a href="https://www.benzinga.com/topic/michael-jordan">Michael Jordan</a> once famously said, "Republicans buy sneakers too," emphasizing his choice to steer clear of politics while his iconic shoes propelled Nike to the pinnacle of sports retail.
That&#8217;s advice Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shareholders may wish the company&#8217;s CEO, Elon Musk, had taken to heart. Shares are down more than 32% this year, as Musk&#8217;s heavy involvement with the new administration has cratered Tesla&#8217;s electric vehicle (EV) sales.
Tesla sales are down 40% in Europe compared to last year, even as total EV sales soared by 26%. The picture is only slightly rosier in the U.S., with Tesla sales down 11% in January. In China, the world&#8217;s largest market for electric vehicles, Tesla has been overtaken by a domestic rival for the first time.
But all this bad news for Tesla has been great news for other EV makers.&nbsp;
Here are four non-Tesla EV stocks set to profit from soaring EV sales.
<h2 class="wp-block-heading">BYD Company Ltd. </h2>
News of BYD Company's (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) battery breakthrough earlier this month sent the stock to new all-time highs. BYD's new Super-E platform promises to provide a range of 249 miles with a simple five-minute charge, easing a major customer concern. However, investors with keen eyes have had BYD on their radar for a while, as the stock has risen 88% in the last 12 months (including a 43% rip over the previous three). As mentioned above, the company is now outselling Tesla in China, and the government has been providing very accommodating policies.  
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfM2z7gHUuogWEKJa-lAi6iBZUGWj6awqkR3voSSyh2u9u4VbaTd-TlfODhmSI9rOMXKap_zYq3xpbpqHgRJ4CCYDl_yfrZPu1XbxKdKbIQtrwV9k9eZqBg4DTk9Lbm3VT4rS5riw?key=Ru_TemLXG7pg9xP89RkSNslp" alt="" /></figure>
BYD is a conglomerate with several divisions. BYD Auto is the most well-known, thanks to its electric and hybrid vehicles and battery charging solutions. Still, the company also has BYD Electronics and FinDream, which manufacture electronic parts, vehicle components and batteries. The automotive division brings in 80% of the company's revenue. The stock trades at 32 times earnings, far cheaper than TSLA, and the chart shows signs of the uptrend continuing. The share price is firmly above both the 50-day and 200-day moving averages, and the Relative Strength Index (RSI) indicates that the upside momentum remains intact.
<h2 class="wp-block-heading">Volkswagen AG </h2>
The German automotive giant, Volkswagen Ag (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) is finally showing signs of breaking out of a multi-year downtrend. Tesla's losses in Europe have been Volkswagen's gains as registration numbers are skyrocketing for several of the firm's vehicles, including the newest top-selling European battery-powered EV: the Volkswagen ID.4. The Volkswagen ID.7 had the third most number of registrations to start the year, an upswing of more than 650%. On the plug-in hybrid side, the Volkswagen Tiguan is the second-highest-selling model in 2025, with an upstick of 250% over the previous period in 2024.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfYQknuvziPa7-p8xwVvZ-xuCgD8wDNXevExx1y2ZaRxvnZgDIRgmwpaWw2WDXEhxzM0YT4qNY9PA1VVi9-EsovSNcvzWl8G3q1W4VZEWTh68xkyfvzTbaZfZMefm8FbB-pcArUhg?key=Ru_TemLXG7pg9xP89RkSNslp" alt="" /></figure>
Volkswagen stock is down more than 25% in the last 12 months, but momentum is beginning to turn. Shares are up over 20% year-to-date, and the Moving Average Convergence Divergence (MACD), a momentum indicator, is starting to send bullish signals. VWAGY trades at just 4.8 times earnings and pays a healthy 8% dividend yield. And let's not forget the stimulus set to be unleashed in Germany, some of which will surely find its way to automakers like Volkswagen.
<h2 class="wp-block-heading">Toyota Motors Corp. </h2>
Toyota Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) is the world&#8217;s largest automaker, with a market cap above $251 billion and an annual revenue of about $309 billion. Toyota is choosing to focus on plug-in hybrids over full-battery electric cars, and the RAV4 SUV is a top choice for customers looking for a mix of electric and gas power.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXevHa0rGDdutIcd7zGUpjsCGBSwfOmIZ7LA4i7xQFaZdN3xbxyTQ-gNNd_iqhl6YL-JXt01MIbQuT6A_d0VzjjjPMH-EMdTEV0OXGCIpLyQOAaTPcauHCBe-Jyj6d3XehY0bbHjHg?key=Ru_TemLXG7pg9xP89RkSNslp" alt="" /></figure>
Toyota controls more than 10% of the world's automobile market share, giving it a tremendous opportunity to eat into Tesla's EV sales. The company already has high margins, reporting a 20.32% gross margin rate and a 10.86% profit margin rate in the most recent quarter. The stock has a forward Price-to-earnings (P/E) ratio of 8.80 and a Price-to-sales (P/S) rate of 0.86, implying this $250 billion behemoth is undervalued. Additionally, the stock pays a 3.5% dividend yield and scored a 97.95 in Value and 98.51 in Quality on Benzinga Edge rankings, indicating both short- and medium-term upside. Another bullish signal was triggered recently as the stock price breached the 50-day moving average after nearly a year of trading below it.
<h2 class="wp-block-heading">Honda Motor Co Ltd. </h2>
Honda Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) may not dominate the automobile market share like Toyota. Still, the Tokyo-based manufacturer is known for its highly reliable and safe vehicles, such as the popular Honda Accord and Civic sedan models. The company also has several hybrids and electric cars on its line, including the plug-in versions of the Accord, Civi, and CR-V, a fully electric Honda Prologue, and the fuel cell-powered CR-V e-FCEV.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdNNi5Exlsi5hp2HlXYjcS4rrE5aHGSxDmL4IvduKM6rCtkNdsKWQfGrWCI3VDWK8NsR6pZdo-srsIvFIRhbDAs_JeuTj0NiJqN45Hw3fHf4jF0Dxv6bTk-5iL64kFy-gPzr25d?key=Ru_TemLXG7pg9xP89RkSNslp" alt="" /></figure>
HMC scores a 99.67 in Value and 98.67 in Quality on Benzinga Edge; it trades at just 6.6 times forward earnings and 0.32 times sales. And while a 4.8% profit margin is something Tesla would scoff at, it's still a fair number for an automobile manufacturer. The stock hit a multi-year bottom in December 2024 but has since recovered from under $23 to over $30 to start 2025. Like Toyota, this stock is hovering near its 50-day moving average, which had previously acted as a resistance level. Toyota broke through this resistance. Keep tracking Honda to see if its stock does the same.
<h2 class="wp-block-heading">Cut Through The Market Chaos &#8211; Get One Clear Trade Every Morning</h2>
Wild swings. Mixed signals. Uncertain trends. Every morning, we deliver one crystal-clear ‘Chart of the Day'—a high-potential setup or a crucial trade to avoid. Get ahead of the market before the next move happens. Get <a href="https://www.benzinga.com/premium/ideas/benzinga-edge/">My Chart</a> Now
Photo: Shutterstock

Opinion

Trading Ideas

VWAGY

4 EV Stocks Soaring As Tesla Tumbles

Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)&nbsp;and&nbsp;Bayerische Motoren Werke AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWKY#OTC">BMWKY</a>)&nbsp;announced an expanded strategic <a target="_blank" href="https://www.benzinga.com/topic/alibaba" rel="noreferrer noopener">partnership in China</a> on Wednesday. The companies proposed accelerating the integration of Alibaba&#8217;s Qwen large language model (LLM) into BMW&#8217;s next-generation intelligent vehicles, the Neue Klasse models.
The new BMW Intelligent Personal Assistant (IPA) will integrate a bespoke AI engine co-developed by the companies, Alizila <a target="_blank" href="https://www.alizila.com/bmw-and-alibaba-deepen-strategic-partnership-in-china-harnessing-qwens-ai-power-to-redefine-intelligent-in-car-experiences/" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/emerging-markets/25/03/44308308/alibaba-unveils-new-ai-powered-app-with-chatbot-image-generation-and-task-automation" rel="noreferrer noopener">Alibaba Unveils New AI-Powered App With Chatbot, Image Generation, And Task Automation</a>
The AI engine will be based on the Yan AI, a Qwen-empowered smart cockpit AI solution developed by Banma, Alibaba&#8217;s intelligent cockpit solution provider. Starting in 2026, the AI-enhanced IPA will debut in BMW Neue Klasse models produced in China.
BMW is building a new intelligent personal assistant with enhanced voice recognition and trip planning features, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-03-26/alibaba-teams-up-with-bmw-to-develop-ai-for-cars-in-china?sref=TBDibEcD" rel="noreferrer noopener">reports</a>. The in-car AI agent can offer parking, nearby restaurant recommendations, and real-time traffic light information.
Alibaba told Bloomberg that the cars produced by Chinese automakers&nbsp;Xpeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) and&nbsp;Zeekr Intelligent Technology Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) leveraged its Qwen model.
Over the next three years, Alibaba committed over 380 billion yuan ($52 billion) to AI infrastructure, such as data centers. It bagged a key deal to provide AI technology to&nbsp;Apple Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhones in China.
China is a key market for BMW, which is led by electric vehicle makers like&nbsp;BYD Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>).
On Tuesday, BMW also launched its 360-degree full-chain AI strategy in China, focusing on digital production operations, comprehensive user experiences, and R&amp;D innovation, YICAI <a target="_blank" href="https://www.yicaiglobal.com/news/bmw-alibaba-to-co-develop-ai-for-german-carmakers-next-gen-autos-in-china" rel="noreferrer noopener">reports</a>.
Recently, Jim Cramer&nbsp;warned <a target="_blank" href="https://www.benzinga.com/markets/equities/25/03/44486548/jim-cramer-warns-against-ai-compute-cutbacks-after-alibabas-joe-tsai-calls-data-center-boom-a-bubble-it-would-be-horrendous" rel="noreferrer noopener">against potentially reducing</a> U.S. computational capabilities for artificial intelligence in response to Alibaba Chair&nbsp;Joe Tsai&#8217;s&nbsp;comments about a potential data center bubble.
Price Action: BABA stock is up 0.20% at $133.01 premarket at last check Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/03/44334607/dell-analyst-says-expanding-ai-server-pipeline-could-drive-double-digit-earnings-growth" target="_blank" rel="noreferrer noopener">Dell Analyst Says Expanding AI Server Pipeline Could Drive Double-Digit Earnings Growth</a></li>
</ul>
Photo by jackpress via Shutterstock

Emerging Markets

Media

BABA

BMWKY

XPEV

Alibaba, BMW Team Up To Bring AI-Powered Smart Assistant In Next-Gen China Cars

Wall Street soared Monday, kicking off the week in full risk-on mode as investors welcomed signs of easing trade tensions and <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44459470/us-business-activity-rebounds-as-services-growth-outpaces-forecasts-yet-cost-pressures-intensify">stronger-than-expected economic data. </a>
President Donald Trump&#8216;s softer tone on potential tariffs ahead of the looming April 2, 2025 deadline helped calm nerves. Adding to the optimism, fresh business surveys showed a strong rebound in services activity in March, easing recession worries.
U.S. economic activity accelerated in March, with the Composite Purchasing Managers' Index (PMI) rising rom 51.6 in February to to 53.5. Services PMI jumped to 54.3 — well above consensus forecasts of 50.8 and sharply higher than the prior month's 51.0 reading. Yet, the report also flagged a notable uptick in cost pressures, as businesses reported growing concerns over input prices, likely linked to heightened speculation around potential tariff measures.
The S&amp;P 500 jumped 1.75% by midday in New York, on track for its best one-day performance since mid-January. The Nasdaq 100 rallied 2%, mirroring gains from March 14 — the index's strongest day since early November 2024.
Small caps outperformed their large-cap peers, underscoring the market's improving risk appetite. The Russell 2000 surged 2.8%, marking its best session since the post-election rally on Nov. 6, 2024.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) led the charge on both the S&amp;P 500 and Nasdaq 100, soaring 9.8%, on track for its sharpest one-day gain since early November.
All seven mega-cap tech stocks posted solid gains, with the Roundhill Magnificent Seven ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NYSE">MAGS</a>) climbing 2.9% after Friday's 1.4% rise, setting up what could be its strongest two-day advance since early January.
Every S&amp;P 500 sector, except utilities, traded in positive territory, with consumer discretionary and technology leading the pack.
The U.S. dollar index edged higher, eyeing a fourth consecutive session of gains. Meanwhile, Treasury yields spiked across the curve as investors rotated out of safe-haven assets. The 10-year yield jumped seven basis points to 4.32%, while the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) dropped 0.9%.
Gold pulled back 0.3% to $3,014 per ounce, on pace for its third straight decline, as investors favored riskier assets.
Oil prices gained 1.5% after Trump threatened a 25% tariff on <a href="https://www.benzinga.com/government/regulations/25/03/44460897/oil-prices-rally-exxon-hits-16-week-highs-as-trump-vows-25-tariffs-on-any-country-buying-venezuelan-crude">countries importing Venezuelan crude.</a>
Crypto-related assets also rallied. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) climbed 2.7% to $88,400, while MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) jumped 7.4% and Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) rose 6.2%.
<h1 class="wp-block-heading">Monday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg (%)</td>
</tr>
<tr>
<td> Russell 2000</td>
<td>2,104.07</td>
<td>2.3%</td>
</tr>
<tr>
<td> Nasdaq 100</td>
<td>20,160.42</td>
<td>2.1%</td>
</tr>
<tr>
<td> S&amp;P 500</td>
<td>5,762.34</td>
<td>1.7%</td>
</tr>
<tr>
<td> Dow Jones</td>
<td>42,589.04</td>
<td>1.4%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:20 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.8% to $573.92.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 1.3% to $425.30.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rallied 2% to $490.39.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) soared 2.4% to $208.59</li>
<li>The&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up 2.7%; the&nbsp;Utilities&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 0.2%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul>
<li>Shares of Chinese electric-vehicle giant BYD Co. Ltd. (OTCPK: BYDDY) rallied 5.5% in over-the-counter markets amid stronger-than-expected quarterly earnings. The carmaker is now up 60% year-to-date. </li>
<li>Shares of Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) soared 7.3%, eyeing their biggest one-day jump since February 2024, as Chinese conglomerate Ant Group is increasingly shifting to domestic and AMD chips amid exports controls. </li>
<li>Airline and travel-related stocks rallied substantially amid easing recession fears. United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) and Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) were up 5.7%, 4.2% and 4%, respectively. </li>
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S&P 500 Rallies On Best Day In 2 Months As Recession Fears Ease, Tesla Rockets, Bitcoin Hits $88,000: What's Driving Markets Monday?

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

Zhejiang, China-based electric vehicle (EV) company Zeekr Intelligent Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) plans to launch advanced driver-assistance capabilities for <a href="https://www.benzinga.com/topic/electric-vehicle">free to local customers</a>.
Zeekr CEO Andy An shared this development ahead of a launch event today, according <a href="https://www.cnbc.com/2025/03/18/teslas-china-rival-zeekr-to-roll-out-free-advanced-driver-assistance.html">to</a> CNBC.
The system will enable cars to function almost autonomously, provided that drivers maintain their hands on the steering wheel and regulatory approval is granted in most cities across China.
Zeekr intends to utilize Nvidia Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Orin X chips and lidar technology for its system with plans to deploy more advanced chips and lidar sensors.
Nvidia expects its <a href="https://www.benzinga.com/25/01/42836673/toyotas-next-gen-vehicles-to-use-nvidia-supercomputer-operating-system">automotive vertical business</a> to grow to about $5 billion in 2026 from $4 billion expected this year.
Also Read: <a href="https://www.benzinga.com/25/03/44372913/whats-going-on-with-nio-stock-today">What&#8217;s Going On With NIO Stock Today?</a>
Meanwhile, EV peer BYD Co.(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) <a href="https://www.benzinga.com/tech/25/02/43617347/xpeng-geely-shares-fall-after-byd-launches-advanced-driver-assistance-features-on-car-priced-below-10000">launched smart driving features</a> on vehicles priced as low as $10,000.
BYD has began sales of 21 models equipped with the technology, known as "God's Eye".
Lidar technology will play a <a href="https://in.benzinga.com/news/25/02/43629182/hesais-lidar-takes-bigger-role-byds-gods-eye-advanced-driver-assistance">crucial role in these systems</a>. That&#8217;s particularly true for vehicles utilizing navigation on autopilot (NOA) for both city and highway driving.
In 2024, China&#8217;s vehicles had over 1.5 million lidar units installed. That&#8217;s more than double the amount from 2023.
EV-major Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is rolling out its own <a href="https://www.benzinga.com/25/02/43932533/tesla-starts-rolling-out-fsd-features-in-china">driving assistance</a> features for its vehicles on city streets in China.
Zeekr will first introduce a free version with advanced driver assistance to a select group of users. The feature will become publicly available in April.
Zeekr sold 222,123 EVs in 2024. That&#8217;s an<a href="https://www.benzinga.com/25/01/42780576/geely-owned-zeekr-eyes-320000-ev-deliveries-in-2025"> increase of 87% year-on-year</a>. For 2025, the company is now aiming for 320,000 sales.
Price Action: ZK shares traded lower by 2.76% at $29.25 at last check Tuesday.
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Tesla Rival Zeekr To Provide Free Advanced Driver-Assistance Tech In China: Report

BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), China&#8217;s leading electric vehicle maker, has introduced a groundbreaking charging system that can fully charge an EV in the time it takes to refuel a gasoline car, potentially eliminating one of the biggest <a href="https://in.benzinga.com/news/25/03/44359054/byd-reveals-5-minute-ev-battery-charging-system-bloomberg">barriers to EV adoption worldwide</a>.
What Happened: Chairman Wang Chuanfu announced that in tests, the new system charged the Han L model with 292 miles of <a href="https://in.benzinga.com/news/25/03/44359054/byd-reveals-5-minute-ev-battery-charging-system-bloomberg">range in just five minutes</a>. 
BYD&#8217;s Hong Kong-listed shares rose 4.05% to 401.20 HKD ($51.63) on Tuesday, continuing a strong year that has seen the stock surge 53% year-to-date.
The rapid charging technology will be integrated into BYD&#8217;s upcoming electric models, further strengthening its competitive position against rivals like Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). 
See Also: <a href="https://www.benzinga.com/government/regulations/25/03/44364688/feds-march-meeting-expected-to-signal-no-hurry-on-rate-cuts-as-powell-likely-to-tread-carefully">Fed&#8217;s March Meeting Expected To Signal No Hurry On Rate Cuts As Powell &#8216;Likely To Tread Carefully&#8217;</a>
Why It Matters: By offering a charging experience comparable to traditional gas station visits, BYD addresses the charging downtime concern that has made many consumers hesitant to switch from <a href="https://in.benzinga.com/news/25/03/44359054/byd-reveals-5-minute-ev-battery-charging-system-bloomberg">internal combustion vehicles</a>.
The charging breakthrough comes as BYD pursues aggressive expansion in Europe. The company is reportedly considering Germany for its third European assembly plant, following facilities already planned in Hungary and Turkey. BYD is reportedly avoiding countries that supported EU tariffs on <a href="https://in.benzinga.com/25/03/44354592/warren-buffett-backed-byd-eyes-germany-for-third-european-plant-amid-tariff-concerns-report">Chinese-made EVs imposed last year</a>.
BYD&#8217;s European manufacturing push aims to circumvent import tariffs while boosting sales of its affordable vehicles against local competitors. The company <a href="https://in.benzinga.com/25/03/44354592/warren-buffett-backed-byd-eyes-germany-for-third-european-plant-amid-tariff-concerns-report">announced a $1 billion factory in Turkey in July 2024</a>, expected to produce 150,000 EVs annually.
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BYD Unveils 5-Minute EV Charging Breakthrough, Strengthening Edge Over Tesla— Stock Spikes 4%

BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), China's leading electric vehicle maker, has introduced a groundbreaking charging system that rivals the speed of refueling a gasoline car, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-03-17/byd-unveils-battery-system-that-charges-an-ev-in-five-minutes?srnd=homepage-americas">reports</a>. 
What To Know: Chairman Wang Chuanfu announced that in tests, the new system charged the Han L model with 292 miles of range in just five minutes. This innovation could address a major hurdle for <a href="https://www.benzinga.com/topic/electric-vehicle">EV adoption</a>—long charging times—potentially swaying hesitant consumers. 
The technology will be integrated into BYD's upcoming electric models, further strengthening its position in the global EV race against Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). Per the Bloomberg report, independent industry analyst Lei Xing called it a game-changer for the industry.
Read Also: <a href="https://www.benzinga.com/25/03/44354592/warren-buffett-backed-byd-eyes-germany-for-third-european-plant-amid-tariff-concerns-report">Warren Buffett-Backed BYD Eyes Germany For Third European Plant Amid Tariff Concerns: Report</a>
Despite the major technological leap, BYD's Hong Kong-listed shares traded flat on Monday but have otherwise surged 49% on a year-to-date basis.
What Else: By offering a charging experience comparable to refueling a gasoline car, BYD could eliminate one of the biggest consumer concerns—charging downtime. 
This development could attract a broader range of buyers, including those who have been hesitant to switch from internal combustion engine vehicles due to range anxiety and long wait times at charging stations.
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For Tesla, BYD's closest global rival, this innovation adds pressure to enhance its own battery efficiency. While Tesla dominates in <a href="https://www.benzinga.com/25/01/42760189/tesla-says-it-added-11000-superchargers-in-2024">charging infrastructure</a>, software and autonomous driving, BYD's vertical integration of batteries and vehicle manufacturing gives it a cost advantage.
If widely implemented, BYD's new charging system could solidify its position as the leader in China, the world's largest EV market, while also making it more competitive in global markets, particularly in Europe and Southeast Asia.
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BYD Reveals 5-Minute EV Battery Charging System: Bloomberg

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

Global

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

President Donald Trump's decision to slap tariffs on Canada, Mexico and China includes levies on auto imports from all three countries. Additionally, 25% tariffs on steel and aluminum were tacked on and triggered on March 12.
S&amp;P Global said the most likely scenario is an "extended disruption period lasting 16 to 20 weeks," with "several high exposure vehicles" either slowing or ceasing production.
That's bad news for many car makers, who ship steel, parts and even whole vehicles across North America before they're sold. 
But look deeper and some sectors of the auto industry may actually prosper from these tariffs.
Here are four car companies set to benefit from the tariff tit-for-tat. 
Market experts say disruption is the rule going forward across the globe – and with American and European automakers looking better going forward.
"Trump&#8217;s tariffs on steel, aluminum, and Chinese imports are placing production expense on American automakers, constricting margins for foreign-part-dependent companies," said Fei Chen, founder and CEO at Intellectia.AI, a financial intelligence company.
"Diversified Japanese and European automakers are less impacted. Chinese automakers, especially BYD and Geely, could benefit most as China doubles down on domestic EV manufacturing and export efforts, focusing on tariff-friendly markets in Asia, the Middle East, and Latin America," Chen said.
High tariff activity is causing automaker CEOs to alter their strategic planning, which casts additional clouds on auto stocks.
"Right now, the administration's tariffs are forcing automakers to examine their supply base to see what the easiest shifts may be to ease some of the burden on what components are produced where," said Brian Sponheimer, portfolio manager at Gabelli Funds. "For production of full product lines to be moved from Mexico or Canada to the US, the cost would be measured in billions, so automakers must choose whether that cost makes sense on a long-term basis given the potential for a tariff increase that may not be measured in multiple years."
<h2 class="wp-block-heading">Auto Stocks To Test Drive In 2025</h2>
In such a chaotic sector environment, which auto stocks stand out during the tariff wars? Here's what industry experts have to say.
Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) – Tesla hasn't gotten off to a great start, but tariffs may give the stock a much-needed tune-up. "Love it or hate it, they&#8217;re the EV champs," said Alex Black, chief marketing officer at EpicVIN. "Tariff-free importation of strategic battery components plus brand loyalty will sustain them."
Toyota (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) This Japanese automaker should continue to thrive mainly due to its diverse supply base and strong hybrid offerings, making Toyota "tariff and rising production cost-resistant," Chen said.
BYD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) The Chinese giant EV maker, with strong demand, is growing in Europe and Latin America. "They&#8217;re vertically integrated, so they have cost control superior to most," Black said.
Chen agreed. "As the automaker expanding beyond U.S. borders, it's escaping tariffs as it capitalizes on global EV demand." 
General Motors (NYSE: GM), a home grown legend, GM has based its domestic production in Detroit MI, and "now it's in prime position to be at the forefront of production locally and to combat the challenges that most other car manufacturers will face among these new regulations," said Lucas Barcelo, founder at Thrivin Life, an automation and analytics marketing company.
"GM has a good diversified supply chain, their domestic production will allow them to mitigate tariff impact, they have remained relatively financially strong over the years, and now we'll get to see how they adapt and innovate among big changes &#8211; this is their chance to shine," Barcelo added.
Used car specialists: Tariffs raise costs, making consumers less likely to purchase a new vehicle.
"This makes stocks that generate profits from the used vehicle market and through service and parts more likely to benefit on a relative basis," Sponheimer said. "We have long appreciated the dealer model that AutoNation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) and Penske (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAG#NYSE">PAG</a>) employ, driving over half of gross profits from parts and service."
Additionally, CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) will likely experience an inflection in the addressable market for late-model used vehicles starting in 2H, Sponheimer added. "With more consumers looking to purchase used vehicles, the company should benefit from volatility in the new market." 
<h2 class="wp-block-heading">Takeaway On Tariffs And Auto Stocks</h2>
When kicking tires on auto stocks, extend that research into auto aftermarket companies, which tend to get overlooked by investors.
"The US new vehicle market is in the range of 15-17 million units in a typical year, and the used market is 40 million in annual sales, and the total vehicle population in the United States is over 290 million vehicles," Sponheimer said.
He likes companies that service the larger, less cyclical total vehicle population, where the average vehicle age is nearing 13 years old.
"These vehicles require service, particularly as complexity has skyrocketed," Sponheimer noted. "So this automotive aftermarket produces outstanding business models with outstanding cash flow characteristics."
Additionally, the aftermarket tends to be an area where inflationary pressure can be passed along. "This is typically a fertile fishing ground for auto stocks," he added.
<h2 class="wp-block-heading">Finally, The Investing Edge You've Been Searching For</h2>
Today, you can get immediate access to lightning-fast market alerts &amp; insights delivered daily for less than $11 a month. Click <a href="https://www.benzinga.com/premium/ideas/benzinga-edge/">HERE</a> to start investing with an edge today. 
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4 Auto Stocks Set To Benefit From Trump's Tariffs

Tesla Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) trend might not be in a good space. The <a href="https://www.benzinga.com/topic/tesla" target="_blank" rel="noreferrer noopener">new U.S. registrations</a> for the Elon Musk led electric vehicle maker slipped 11% in January 2025, while rival registrations noted a 44% rise, led by Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), Chevrolet, and Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), Automotive News <a href="https://www.autonews.com/tesla/an-tesla-us-sales-fall-as-evs-rise-overall-0312/#:~:text=U.S.%20registrations%20sink%2011%25%20in%20January%20as%20EV%20rivals%20surge%2044%25&amp;text=Tesla's%20new%20U.S.%20registrations%20fell,S%26P%20Global%20Mobility%20data%20showed." target="_blank" rel="noreferrer noopener">cited</a> S&amp;P Global Mobility data on Wednesday.
Another report last week from the <a target="_blank" href="https://www.benzinga.com/news/global/25/02/43934934/new-tesla-registrations-dip-by-50-in-eu-in-january-despite-rising-overall-bev-market-share" rel="noreferrer noopener">auto industry body</a> said 7,517 new Tesla cars were registered in the E.U. in January,&nbsp;down from 15,130 in 2024.
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According to the European Automobile Manufacturers Association (ACEA), Tesla&#8217;s new car registration&nbsp;in the E.U. fell by over 50%&nbsp;in January despite a rise in overall battery electric vehicle registrations.
According to the Society of Motor Manufacturers and Traders (SMMT) data, Tesla had <a target="_blank" href="https://www.benzinga.com/tech/25/02/43520687/byd-overtakes-tesla-in-uk-after-elon-musk-led-ev-makers-new-vehicle-registrations-drop-in-january" rel="noreferrer noopener">1,458 registrations in</a> January in the U.K., down from the 1,581 registered in 2024. BYD Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), in comparison, had 1,614 registrations, up by 551%.
Tesla researcher&nbsp;Troy Teslike&nbsp;said the EV company would likely not deliver 500,000 vehicles in a quarter in 2025, citing <a target="_blank" href="https://www.benzinga.com/tech/25/02/43967968/tesla-unlikely-to-deliver-500000-evs-in-a-quarter-in-2025-says-researcher-doesnt-seem-possible-this-year-either" rel="noreferrer noopener">brand sentiment issues</a>.
On the flip side, Tesla chief Elon Musk&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/25/03/44269513/elon-musk-says-tesla-will-double-us-production-in-2-years-after-trump-backs-ev-giant-amid-stock-slump" rel="noreferrer noopener">has announced that</a> Tesla&nbsp;will double vehicle production in the U.S. within two years.
Recently, President Donald Trump transformed the White House to showcase Tesla vehicles in solidarity with&nbsp;his senior advisor and de facto head of the Department of Government Efficiency (DOGE), Musk and his company. Trump also&nbsp;purchased a Tesla Model S Plaid.
Musk has acknowledged the challenges of running his business while working with DOGE amid a massive decline in Tesla&#8217;s stock price.&nbsp;
Tesla has faced protests against the company in the U.S. and Europe, with demonstrators criticizing Musk&#8217;s political activities.&nbsp;
According to <a target="_blank" href="https://www.statista.com/outlook/mmo/electric-vehicles/united-states" rel="noreferrer noopener">Statista</a>, the EV market in the U.S. could generate revenue of $104.7 billion in 2025 <a target="_blank" href="https://www.statista.com/outlook/mmo/electric-vehicles/united-states" rel="noreferrer noopener">and grow at an annual</a> rate (CAGR 2025-2029) of 10.53%, resulting in a projected market volume of $156.3 billion by 2029. Tesla&#8217;s upcoming earnings in April might be a good proxy for the recent reports on declining trends.
Price Action: TSLA stock is up 7.60% at $248.11 at last check Wednesday.
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Photo via Shutterstock

Movers

Tesla Loses Ground in US EV Market While Rivals Accelerate Ahead in January: Report

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Chair Robyn Denholm has sold approximately $33.7 million worth of the electric vehicle maker&#8217;s stock, according to a filing with the Securities and Exchange Commission on Monday. This sale is part of a previously adopted trading plan.
What Happened: Denholm has been steadily offloading Tesla shares over recent months. In early February, she sold 112,390 shares worth about $43.2 million, alongside CFO Vaibhav Taneja and board member Kimbal Musk, <a href="https://www.benzinga.com/tech/25/02/43557967/elon-musks-brother-kimbal-musk-and-other-tesla-execs-sell-over-73-million-in-stock">who also offloaded significant holdings</a>. 
This trend among Tesla insiders comes as the company navigates macroeconomic uncertainties and intensifying competition in the EV market.
See Also: <a href="https://www.benzinga.com/trading-ideas/25/03/44097468/polestar-vs-tesla-can-smaller-ev-company-disrupt-giant-facing-boycotts-protests-with-trade-in-offer">Polestar Vs. Tesla: Can Smaller EV Company Disrupt Giant Facing Boycotts, Protests With &#8216;Trade In&#8217; Offer?</a>
Why It Matters: Tesla shares declined 2.84% on Monday, weighed down by broader market concerns following President Donald Trump's announcement of new tariffs on imports from Canada, Mexico, and China. The 25% tariffs on Canadian and Mexican imports and 20% tariffs on Chinese goods have sparked fears of rising costs and inflationary pressure. 
Meanwhile, Tesla&#8217;s leading competitor, BYD Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), reported robust sales growth in February, more than doubling its new energy passenger vehicle deliveries to 318,233 units. The Chinese EV maker, which briefly overtook Tesla as the world's top battery electric vehicle (BEV) seller in late 2023, remains a formidable challenger, particularly with its <a href="https://www.benzinga.com/25/03/44072164/tesla-rival-byd-more-than-doubles-passenger-vehicle-sales-in-february-thriples-production">dominance in plug-in hybrids</a>.
Price Action: Tesla's stock declined 2.84% on Monday, closing at $284.65, with an additional 0.79% drop in after-hours trading, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. 
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla Chair Robyn Denholm Sells Over $30 Million Worth Of Stock As Automaker Grapples With Macroeconomic Uncertainties, Increased Competitive Heat

Chinese EV giant&nbsp;BYD Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) sold 318,233 new energy passenger vehicles in February, marking a jump of 161.4% from last year, thanks to a major jump in plug-in hybrid passenger vehicle sales, the company said on Sunday.
What Happened:&nbsp;Pure passenger EV (battery electric vehicle) sales of the Chinese player rose to 124,902 in February, marking a rise of 127.5% from the corresponding month of last year.
Plug-in hybrid passenger vehicle sales in the period rose 189% to 193,331 units. 
A whopping majority of these vehicles were sold in China itself as the overseas sales volume of BYD&#8217;s new passenger vehicles was only 67,025 units last month.
The company produced 329,211 new energy passenger vehicles in February, nearly triple the number of vehicles made in the corresponding month of last year.
Why It Matters: BYD is the biggest rival to American EV giant Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
The company first&nbsp;<a href="https://www.benzinga.com/news/24/01/36839203/warren-buffett-backed-byd-sees-higher-profits-for-fy23-after-taking-over-tesla-as-biggest-ev-seller" target="_blank" rel="noreferrer noopener">took over Tesla</a>&nbsp;as the world&#8217;s largest BEV seller in the fourth quarter of 2023. However, Tesla took back the crown in the first quarter of 2024 and held on to it for three consecutive quarters until the last quarter of 2024.
Tesla reported in January that it delivered&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/01/42766117/tesla-stock-tumbles-on-q4-deliveries-whats-going-on" target="_blank" rel="noreferrer noopener">495,570 BEVs in the three months</a>&nbsp;through the end of December, significantly lower than the 595,413 BEVs&nbsp;<a href="https://www.benzinga.com/25/01/42758760/tesla-rival-byd-marks-50-growth-in-december-passenger-vehicle-sales-likely-to-trump-tesla-in-q4-bev-sales-yet-again" target="_blank" rel="noreferrer noopener">sold by BYD</a>&nbsp;in the period.
However, for the whole year,&nbsp;<a href="https://www.benzinga.com/25/01/42780142/chinese-player-byd-overtakes-tesla-yet-again-as-worlds-biggest-ev-seller-in-q4" target="_blank" rel="noreferrer noopener">Tesla delivered 1,789,226 BEVs</a>, retaining its position as the bestselling pure EV brand for the year, despite a year-over-year drop in deliveries of 1.1%. BYD, meanwhile, managed to deliver only 1,764,992 BEVs in the twelve months, or 24,234 units less than Tesla.
BYD, however, makes plug-in hybrids too, unlike Tesla which makes solely battery electric vehicles.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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Image via Shutterstock

Tesla Rival BYD More Than Doubles Passenger Vehicle Sales In February, Triples Production

Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is reportedly experiencing a delay in obtaining&nbsp;approval for its autonomous driving&nbsp;technology in China, a setback attributed to the ongoing trade war between the US and China.
What Happened: Chinese authorities might leverage the approval of Tesla&#8217;s self-driving license as a negotiation chip in trade talks with the U.S., a strategic maneuver believed to be the primary reason for the delay, reported the <a href="https://www.ft.com/content/b7867bf0-4a8f-4f60-90c5-f961e5bfea12">Financial Times</a> on Monday.
Despite earlier indications of Tesla receiving a license for extensive training of&nbsp;its Full Self-Driving Beta in&nbsp;the second quarter of 2025, the company has now been informed of an indefinite timeline. Tesla&#8217;s attempts to launch its FSD system in the Chinese market have been ongoing, with last year&#8217;s reports hinting at an impending deal.
In Tesla&#8217;s recent earnings call, CEO Elon Musk voiced his concerns about the FSD prospects in China, pointing to data transfer restrictions between the two nations. "They won't currently allow us to transfer training video outside of China. And then the U.S. government won't let us do training in China. It's a bit of a quandary," stated Musk. As a result, Tesla is instead training its system using publicly available videos of Chinese streets and simulation tools.
Despite these hurdles, Musk remains optimistic, stating that Tesla aims to achieve&nbsp;unsupervised self-driving in China by&nbsp;the end of the next year.
SEE MORE: <a href="https://www.benzinga.com/markets/asia/25/02/43772586/xi-jinpings-supportive-business-stance-sparks-rally-for-second-day-alibaba-xiaomi-surge-over-4-on-hong-kong-exchange">Xi Jinping&#8217;s Supportive Appearance Sparks Chinese Tech Rally For Second Day: Alibaba, Xiaomi Surge Over 4% On Hong Kong Exchange</a>
Why It Matters: Tesla&#8217;s challenges in China are not new. In 2022, the <a href="https://www.benzinga.com/news/25/02/43705074/tesla-cars-were-barred-for-two-months-from-an-entire-chinese-district-as-beijing-considers-them-us-spies">Chinese government began barring Tesla</a> cars from certain areas over national security concerns. The ban was extended to the Beidaihe district for two months during the Communist Party&#8217;s annual summer retreat. It also faced a ban near military complexes during President Xi Jinping's visit to Chengdu.
Meanwhile, the landscape for autonomous cars in China has been heating up, with Tesla rivals BYD Co. Ltd.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) and Huawei&nbsp;making advancements. BYD rolled out its &#8220;God's Eye&#8221; advanced driver assistance system across all its models, including the budget-friendly Seagull hatchback, starting at around $9,600.
Moreover, Ross Gerber, CEO of&nbsp;Gerber Kawasaki Wealth and Investment Management highlighted that <a href="https://www.benzinga.com/markets/equities/25/02/43615191/byds-gods-eye-and-huaweis-autonomous-driving-progress-spark-concerns-for-tesla-ross-gerber-points-out-all-use-lidar">all these competitors "use LIDAR" technology</a>, compared to Tesla's camera-only system. 
Despite these hurdles, Tesla has continued its operations in China. The company announced on Monday that it had started production of its <a href="https://www.benzinga.com/25/02/43772576/tesla-to-start-delivering-shanghai-made-refreshed-model-ys-next-week">refreshed Model Y at its Shanghai gigafactory</a>, with deliveries expected to start soon. The ongoing trade tensions and the delay in FSD approval highlight the complexities Tesla faces in the Chinese market.
Tesla stock dropped more than 16% in a month to close at $355.84 on Friday. 
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<li>READ MORE: <a href="https://www.benzinga.com/25/02/43771853/elon-musk-didnt-always-get-along-with-his-fatherbut-last-year-he-bought-him-a-luxury-car-that-wasnt-a-tesla">Elon Musk Has A Frosty Relationship With Dad Errol But Last Year Gifted Him A Luxury Car That Was Surprisingly Not A Tesla — Here&#8217;s Why</a></li>
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Tesla's Self-Driving Ambitions In China At Risk As US-China Trade War Heats Up: 'It's A Bit Of A Quandary,' Says Elon Musk

Chinese EV giant and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rival, BYD Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) has outlined plans to commence &#8220;demonstration use&#8221; of all-solid-state batteries by 2027, with a broader adoption anticipated post-2030.
What Happened: As per a report by&nbsp;<a href="https://cnevpost.com/2025/02/15/byd-demonstration-use-all-solid-state-batteries-2027/">CnEVPost</a>, Sun Huajun, the Chief Technology Officer of BYD&#8217;s battery business, revealed the timeline at the China All-Solid-State Battery Innovation and Development Summit Forum. He also mentioned that the industry is making similar strides.
BYD, the world&#8217;s largest new energy vehicle (NEV) manufacturer and the second-largest producer of power batteries, has been working on all-solid-state batteries since 2013. By 2024, the company had begun assessing the feasibility of industrializing these batteries, with trial production already underway for solid-state battery cells featuring single-cell capacities of 20 Ah and 60 Ah.
Sun stated that BYD&#8217;s choice of materials for solid-state batteries is also based on sulfide electrolytes, primarily due to cost and process stability considerations.
Sun stated that cost wouldn&#8217;t pose a long-term issue for solid-state batteries. He attributed the current high cost of sulfide electrolytes used in BYD&#8217;s solid-state batteries to their low volume.&nbsp;&#8220;It doesn&#8217;t really make a&nbsp;lot of sense to talk&nbsp;about cost in the absence&nbsp;of volume,&#8221; he said. Sun anticipates that as the adoption of solid-state ternary batteries grows, their cost will become comparable to that of liquid ternary batteries.
Meanwhile, Lian Yubo, BYD's Chief Scientist and Dean of the Automotive Engineering Research Institute clarified, "Solid-state batteries will be mainly used in high-end models, empowering each other with lithium iron phosphate batteries, and used in vehicles of different levels."
SEE ALSO: <a href="https://www.benzinga.com/news/25/02/43629182/hesais-lidar-takes-bigger-role-byds-gods-eye-advanced-driver-assistance">Hesai&#8217;s Lidar Takes On Bigger Role In BYD&#8217;s &#8216;God&#8217;s Eye&#8217; Advanced Driver Assistance</a>
Why It Matters: All-solid-state batteries are considered the future of electric vehicles (EVs) due to their potential for higher energy density, faster charging, and improved safety compared to current lithium-ion batteries. BYD&#8217;s timeline for the demonstration and subsequent mass adoption of these batteries aligns with the industry&#8217;s progress.
The company&#8217;s ongoing efforts since 2013 to develop and industrialize all-solid-state batteries indicate its commitment to innovation and leadership in the EV market. Furthermore, Sun&#8217;s comments about the cost of solid-state batteries provide a positive outlook for their future affordability.
However, experts indicate that mass-producing solid-state batteries can be a significant challenge. "Part of the timeline issue is that you can&#8217;t use the same manufacturing plants and processes for SSBs,&#8221; explained Liz Najman, the Director of market insights at battery health and data start-up&nbsp;Recurrent. "You need to build everything new, which requires money and time,&#8221; he added.
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<li>READ MORE: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43726337/tsla-stock-has-plunged-over-25-from-its-december-peak-and-this-analyst-says-it-has-not-bottomed-yet-one-more-move-down-which-could-happen-over-the">TSLA Stock Has Plunged Over 25% From Its December Peak, And This Analyst Says It Has Not &#8216;Bottomed&#8217; Yet: &#8216;One More Move Down, Which Could Happen Over The…&#8217;</a></li>
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Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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