As Chinese rival BYD revealed plans to develop autonomous vehicle technology with DeepSeek and claimed it would provide its Autopilot-like system in nearly all of its new cars, Tesla shares fell 6% on Tuesday, escalating concerns that Elon Musk’s company is lagging behind the competition.
The world’s richest man is reportedly offering to head an investor group in the purchase of OpenAI, while he intensifies his engagement with President Donald Trump’s White House. This has raised concerns about Musk’s diversions outside of Tesla.
Source (CNBC)
