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Stock impact report

Ford CEO says Tesla doesn't have an ‘updated vehicle,' and now he's pivoting to catch up with his real competitor: China's BYD [Yahoo! Finance]

Tesla, Inc. (TSLA) 
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
Company Research Source: Yahoo! Finance
In 2024, Farley spent six months driving the Xiaomi Speed Ultra 7, the first electric vehicle made by the Chinese tech company known mostly for its smartphones. By the time the six months were up, Farley said, “ I don't want to give it up. ” In an interview on the Rapid Response podcast on Friday, Farley explained why he chose to drive a Xiaomi SU7 rather than a vehicle from an American company like a Tesla. “Nothing against Tesla. They've been doing great, but you know, they really don't have an updated vehicle,” Farley told host Bob Safian. Tesla has pushed some redesigns and updates for its vehicles to meet growing Chinese competition. The company's 2026 version of the Model Y included a futuristic looking exterior and an upgraded interior that includes a redesigned dashboard. The 2023 version of Tesla's Model 3 also got an overhaul that added ventilated front seats and ambient lighting. Some critics have argued these updates are incremental compared with improvements made b Show less Read more
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