BYD shares outperform Tesla stock this year after Chinese firm launches ‘God’s Eye'

BYD, a Chinese automaker that has begun selling cars in India, has outperformed the world's largest electric vehicle-maker Tesla on the stock market. The shares of BYD, or Build Your Dreams, have risen nearly 20.40% so far this year from CNY 282.66 ( ₹3,360) at the close of 2024 to CNY 340.30 (₹4,045.80) at an all-time high level that it hit recently.

On the other hand, the Elon Musk-owned company's shares have fallen over 13% so far this year, from $403.84 ( ₹35,085) in 2024-end to $350.73 (₹30,471) on Monday. The rally in BYD shares is partly being driven by the company's recent launch of a new driver-assistance software called ‘God’s Eye'.