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BYD’s profit could double in Q1, as deliveries keep racing ahead of Tesla

The Chinese EV giant delivered 1 million+ cars in Q1 and continues to pull ahead on some pretty huge metrics.

4/9/25 10:28AM

In its preliminary earnings for the first quarter on Tuesday, electric automaker BYD revealed that net income could jump as much as 119% in the first 3 months of the year to 10 billion yuan ($1.4 billion), after delivering more than 1 million EVs across Q1 — up almost 60% on the same period last year.

Easy ride

While Trump’s tariffs have been a major bump in the road for other automakers, BYD — which had no plans to sell cars in the US owing to existing tariffs, even before this latest round — has had a pretty smooth year so far, with shares hitting a record high in March, after the company announced its market-leading superfast charging tech.

Less than a week later, execs and investors at the Shenzhen-based company had even more to cheer, after the EV giant posted 777 billion yuan ($107 billion) in sales across 2024, surpassing US rival Tesla’s annual revenue figures for the first time in 7 years.

BYD lagging Tesla on that measure has often been down to the Chinese automaker’s comparatively cheap cars, too, with one of its most popular EVs starting around $10,000. On model deliveries overall, BYD has been pulling ahead for years now.

Per numbers from CnEV, a company that tracks China’s electric vehicle market, BYD delivered just over 1 million EV units in the first 3 months of 2025, compared to Tesla’s 336,681 shipments over the same period, which disappointed investors in Elon Musk’s car company. Although Tesla’s recent struggles around the world have certainly led to more daylight between the two EV makers in recent months, the gap has looked increasingly difficult for the American automaker to close ever since it first ceded the lead in 2022.

In bad news for Tesla execs and investors, some worry that tariffs might only widen the gulf between the two.

Thank you, Mr. President

Speaking with the New York Post recently, Wedbush analyst Dan Ives said that they were “probably drinking champagne” at BYD headquarters as Trump announced the tariffs, adding that the new restrictions only “accelerate BYD’s success,” and estimating that the tariffs could force additional costs of as much as $100 billion on automakers like Tesla each year.

Investors took note of the company’s better-than-expected preliminary results, pushing shares up as much as 7.8% on Tuesday, with BYD up ~20% so far this year, while Tesla has declined more than 40% in the same period.

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Rani Molla3h

Meta reportedly strikes multibillion-dollar AI chip deal with Google as it struggles to design its own

Meta has signed a deal with Google to rent tensor processing units to develop new AI models and is in talks to buy the chips for its data centers, The Information reports.

The agreement comes on top of a recently announced “multi-generational” partnership with Nvidia and a chip supply deal with Advanced Micro Devices that could be worth more than $100 billion, as Meta scrapped its most advanced in-house AI training chip amid design challenges.

A Meta deal with Google, which has been rumored since November, would position the search giant more directly as a competitor to Nvidia in its core business of AI processors. Some analysts have said selling its custom chips to outside customers could become a business worth hundreds of billions of dollars for Google.

Google Strikes Multibillion-Dollar AI Chip Deal With Meta, Sharpening Nvidia Rivalry

Jon Keegan17h

Delays in permitting, power, and zoning cause first drop in data center construction since 2020

Despite incredible demand, the number of data centers under construction in North America fell for the first time since 2020, according to new research from CBRE.

Total data center capacity under construction dropped about 5.6% year on year from 6.35 megawatts in 2024 to 5.99 megawatts by the end of 2025.

What’s causing the delay? Slow permitting, constrained supply chains, and growing public engagement with how deals are approved at the local level. Labor constraints also were cited in the report; a tight supply of skilled workers will increase costs.

US Data Center Construction Fell Amid Permit and Power Delays

-13%📱

Rani Molla19h

Smartphone shipments are expected to decline 13% — the biggest drop ever — to 1.12 billion in 2026, according to new data from IDC, as the memory shortage drives up costs and prices for phones. The firm expects the average smartphone selling price to jump 14% to a record $523 this year.

The shortfall will mostly affect makers of lower-end smartphones, whose customers are more cost-conscious, while higher-end manufacturers like Samsung and Apple are likely to be more insulated from the pressure.

“The memory crisis will cause more than a temporary decline; it marks a structural reset of the entire market, fundamentally reshaping long‑term TAM (Total Addressable Market), the vendor landscape, and the product mix,” said Nabila Popal, senior research director with IDC’s Worldwide Quarterly Mobile Phone Tracker. “We expect consolidation as smaller players exit, and low-end vendors to face sharp shipment declines amid supply constraints and lower demand at higher price points.”

Jon Keegan22h

Google drops new Nano Banana

Google is hoping to recapture the viral boost it received when it released its Nano Banana image generation model. Nano Banana 2 arrives today, which Google has rolled into its Gemini app.

The new model promises more accurate text rendering and translation and “advanced world knowledge,” which “pulls from Gemini’s real-world knowledge base, and is powered by real-time information and images from web search to more accurately render specific subjects,” according to the company’s press release.

New creative controls let users keep groups of characters consistent across scenes, render images with higher resolution, and parse complex prompts.

The first version of Nano Banana became popular for making action figures out of users, and helped catapult the Gemini AI app to the top of the charts, bumping ChatGPT from its perch.

Nano Banana 2: Combining Pro capabilities with lightning-fast speed

New creative controls let users keep groups of characters consistent across scenes, render images with higher resolution, and parse complex prompts.

The first version of Nano Banana became popular for making action figures out of users, and helped catapult the Gemini AI app to the top of the charts, bumping ChatGPT from its perch.

Rani Molla23h

Tesla’s ride-hailing service is looking a lot more like Uber’s than Waymo’s

Despite numerous promises about amassing a giant network of driverless cars, so far it seems like Tesla’s Robotaxis are a lot more similar to Uber’s plain old ride-hailing service than Waymo’s expanding autonomous fleet.

In California, where Tesla has its largest ride-hailing service, the company has taken no formal steps to gain approval for a truly driverless car service, according to Reuters. Throughout 2025, Tesla failed to log a single mile of autonomous test driving on state roads, and has not applied for the necessary permits to test or deploy vehicles without a human present. Currently, Tesla holds only a basic permit that requires a human safety monitor to remain in the driver’s seat at all times.

Currently, Tesla’s California Robotaxi service consists of roughly 300 Teslas operated by human drivers using the company’s supervised Full Self-Driving tech. In Austin, where the company has about 45 vehicles, Tesla made a big show earlier this year of announcing it was removing the safety monitors sitting in the front seats during rides. However, to date, only a handful of those vehicles have been reported to be actually operating without a safety monitor onboard.

In other words, it’s performing a service more akin to a tech-heavy Uber ride than the one operated by Alphabet subsidiary Waymo, which earlier this week announced it now has driverless rides available to the public in 10 markets. Even Uber is trying to put space between itself and the old driver-having Ubers of yore: this week its autonomous software partner said the company plans to launch a driverless service in London this year, with plans for 10 markets.

During its earnings report last month, Tesla said it planned to offer Robotaxi service in a half dozen new cities in the first half of this year, including Phoenix, Miami, and Las Vegas. Judging by Tesla’s progress so far, it’s likely those services will also feature a human in the front seat.

Tesla touts California robotaxis but does nothing to get permits

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