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Tesla's gameplan of deprioritizing low-end EV will likely backfire and lead to a further deterioration in fundamentals, say analysts.

Tesla is again the world's top-seller of battery electric vehicles, taking the title back from Warren Buffett-backed BYD.

Li Auto, Nio and Xpeng, China’s top three premium EV manufacturers, have reported a strong rebound in deliveries in March, while BYD said the sales of its pure electric and plug-in hybrids had surged as well.

Wall Street is bracing for the first Tesla sales decline in four years as appetite for electric cars continues to slow.

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Tesla shares plunged 29% in the first quarter, the worst period for the stock since the end of 2022 and the third-steepest quarterly drop on record.

Tesla shares plunged 29% in the first quarter, the worst period for the stock since the end of 2022 and the third-steepest quarterly drop on record.

BYD plans to boost EV sales to 3.6 million in 2024, up 20% from last year, with 500,000 overseas sales in 2022 and 1 million in 2025. Wang Chuanfu emphasizes EV momentum and new technology.

BYD: The automaker is currently discounting almost every electric and hybrid car model it sells, as part of a marketing campaign declaring "electricity is cheaper than oil."

The carmaker has cut prices on more than 100 existing model versions compared with in December. Read more at straitstimes.com.