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.

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

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

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.

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

California DMV threatens Tesla with a 30-day sales ban over misleading ‘full self-driving’ claims, citing consumer protection concerns.

Tesla has registered more than a thousand vehicles for its “Robotaxi” fleet in California, but every ride still uses a human driver even as the company tests dedicated Model S Robotaxi prototypes and shows a production-ready Cybercab in its showroom.

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