Chinese automaker BYD continues to leave Tesla in the dust.
BYDs stock rose on the news to reach a market value of roughly $158 billion.
It is up approximately 58% so far this year.
BYD claims new battery system can charge an electric vehicle in five minutes.CFOTO
There are also concerns about how such charging could strain electrical grids.
It alsoassembles iPads for Apple.
Fast-charging capabilities could placate drivers who do not want to sit at chargers for a long time.
Reviewers have lauded BYDs system for its performance.
It should all serve as a reminder that Teslas current valuation does not make a lot of sense.
But Musk has pivoted to self-driving robocabs and robotics to keep the valuation afloat.
The power and proximity to President Trump is more valuable to him, it seems.
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Three passengers were killed after a Xiaomi SU7 operating in driver assistance mode hit a concrete barrier.
