BYD Announces Plans for 2025 Silver Blade Battery

Tesla reported a staggering 71% drop in net income for the first quarter, amid falling global sales often linked to CEO Elon Musk's controversial behavior and political involvement. Despite this, Tesla's stock rebounded after Musk promised to focus more on leading the company and less on politics, alongside a market boost from Donald Trump's announcement of a friendlier stance toward China, which alleviated trade war concerns. Musk also confirmed he will step back from his White House advisory role, citing exhaustion from political attacks and a waning influence in the administration, with his departure expected by late May. Meanwhile, Tesla faces criticism from Truth In Advertising for allegedly deceptive 'Made in USA' claims, as up to 25% of its vehicle content is sourced from abroad, falling short of federal standards. Competitive pressure is mounting not only from established automakers but also from Chinese EV giant BYD, which announced a next-generation 'silver blade' battery designed to improve safety and range, positioning itself as a direct threat to Tesla's market dominance.