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Tesla beware: Rival BYD unveils ultra-fast chargers, giving its stock a jolt [Yahoo! Finance]

Tesla, Inc. (TSLA) More Company Research Source: Yahoo! Finance

Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report

US:NASDAQ Investor Relations: ir.tesla.com

system that it said will allow its cars to add enough charge in five minutes to travel 292 miles (470 kilometers), only slightly longer than it takes to refuel a gasoline-powered car. The company is committed to setting up the infrastructure needed to supporting the new technology, including 4,000 charging stations, Bloomberg reported, citing Wang Chuanfu, BYD's chairman and founder. Tesla's ( TSLA ) Superchargers can add up to 171 miles (275 kilometers) in 15 minutes. The faster charging may aid BYD's growing advantage and market share in China, where Tesla's shipments last month plunged 49% to 30,688 units, its lowest monthly figure since July 2022. Local rivals are buoyed by low prices several also offer driver assistance software comparable to Tesla's . Tesla's shares fell about 4.8% in New York on Monday. Tesla and European EV-makers probably won't feel an immediate pinch from the technology in their home markets, where China-made EVs are effectively excluded. The first B [Read more]

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