BYD Launches Free 'God’s Eye' Autonomy, Pressuring Tesla

Chinese automaker BYD is challenging Tesla's dominance in the autonomous driving market with the introduction of its 'God’s Eye' system, which offers advanced driver-assistance features at no additional cost across its entire vehicle lineup, including budget models like the Seagull. This technology allows for functionalities such as remote parking and autonomous road overtaking, making advanced driving systems accessible to a broader audience. As a result, BYD's stock has increased, while Tesla's shares have seen a decline, raising concerns about Tesla's future in the face of increasing competition. Analysts suggest that BYD's advancements may force Tesla to reconsider its pricing strategies for its Full Self-Driving technology, which is not yet fully operational in China. Despite the competitive pressure, Tesla maintains a strong market position in the U.S., although its stock performance has suffered amid concerns over CEO Elon Musk's attention being divided across multiple ventures. The developments highlight the intensifying rivalry in the automotive sector as both companies race to innovate in autonomous vehicle technology.