Shares in Chinese automaker BYD touched a record high on Feb. 11, 2025 after it unveiled plans to unroll advanced self-driving technology on nearly all its cars, including budget models priced below 10,000 USD. In a potential challenge to electric-vehicle makers such as Tesla Inc., China’s BYD Co. announced that its “God’s Eye” self-driving technology will be installed in most of its cars without additional cost, including some of the cheaper models. The announcement came from BYD’s HK:1211 Chairman Wang Chuanfu at an event in Shenzhen on Monday. He said,...

Tesla’s famously sky-high market valuation is based in part on the premise that it is not actually a car company at all, but an AI and robotics company. Selling a $25,000 electric car that can transition the world to a sustainable future is no longer the goal but rather creating AI software that can make cars drive themselves and robots that can replace human labor. If it was not already clear, however, autonomy is being solved by multiple companies. Besides Waymo—which already serves customers with its fully autonomous taxis and...