• Tesla's stock dropped 6% on Tuesday after Chinese rival BYD revealed plans to develop autonomous vehicle technology with DeepSeek and announced it would offer an Autopilot-like system in nearly all of its new cars. This raised concerns that Tesla, led by Elon Musk, may be falling behind in the growing autonomous vehicle market. Additional worries have emerged about Musk's distractions outside of Tesla, including his offer to lead a group purchasing OpenAI and his increasing involvement with former President Trump’s White House.

• Tesla's stock has declined nearly 17% over the past five days, losing over $200 billion in market value. Meanwhile, BYD, Tesla's primary competitor, is equipping at least 21 new models with partially automated driving systems. While Tesla still requires human drivers for its EVs, the company plans to launch “Unsupervised Full Self-Driving” and a driverless rideshare service in Austin by June 2025. Analysts see increased competition in the autonomous vehicle space, particularly from companies like Waymo, which is expanding its robotaxi service in Los Angeles. This growing competition could limit Tesla's profitability in the long run.