China’s BYD could kill Tesla
Tesla and its hyperactive boss, Elon Musk, are having a rough month. On both sides of the Atlantic, there have been protests against the “Nazi-mobile” and the “Swasti-car.” The electric vehicle (EV) manufacturer’s sales are plummeting across Europe, and its stock is in freefall. On top of that, its biggest rival, China’s BYD, has just announced a super-fast charger that allows you to “fill up” your EV as quickly as you once could your gas-powered car. All companies go through rough patches, especially when they are leading a new industry. But Tesla is losing its technological edge to China— and that could prove fatal. If it performs as advertised, BYD’s rapid charging system could revolutionize the EV industry.