BYD and Tesla are both facing increasing competition. BYD's latest earnings report showed a 32.6% decrease in profit year over year. BYD reduced its sales target for 2025 by 16%, but it still expects to double the amount of EV and hybrid cars it exports. BYD trades at a much more reasonable price than Tesla and is up 5.6% as of Dec. 17.

This week’s Current Climate newsletter also looks at a new approach to underground hydrogen and why Tesla is facing a California sales suspension

The automaker has registered 1,655 vehicles and 798 drivers to date, according to the California Public Utilities Commission.

A California regulator has deferred an order for Tesla to suspend sales in its biggest U.S. market, giving the electric vehicle maker more time to address its accusation of misleading marketing and overstating self-driving capabilities.

Elon Musk has again declared energy “the true currency,” fueling speculation among bitcoin supporters that he’s quietly backing

Spencer Penn worked at Tesla and Waymo before he founded LightSource, an AI-powered sourcing and procurement startup.

Elon Musk's net worth hits $681 billion, more than double Google co-founder Larry Page's $249 billion wealth, as Tesla's stock surge widens the billionaire gap.

Another Tesla killer bites the dust. The all-electric version of the Ford F-150 pickup joins a long list of rivals that were touted as real threats to Elon Musk’s hold on the U.S. EV market. But so far, the Motor City has failed to capture the magic that has made the Model Y sport-utility vehicle the bestselling car in the world—electric or not.

Tesla stock staged a massive rebound, with shares climbing 120% from their low in April on a handful of positive catalysts.