Tesla is recovering in Europe. BYD is still beating it.
Tesla’s recovery across Europe continued last month, but it still lags BYD , according to new data from the European Automobile Manufacturers’ Association. In April, BYD registered more than twice as many cars as Tesla in the EU, UK, and the European Free Trade Association. It’s also growing faster, with BYD up 115% compared with April 2025, while Tesla grew 47% in that time. Year-to-date registration data tells a similar story. Tesla thinks upcoming approval of its supervised Full Self-Driving tech is integral to its success on the continent. “It’s worth noting that we do not actually yet have approval for supervised FSD in Europe,” CEO Elon Musk said during an earnings call last year. “So our sales in Europe, we think, will improve significantly once we are able to give customers the same experience that they have in the US.” Tesla recently received approval for a version of its supervised FSD in the Netherlands, its first European market , and expects “EU-wide” approval in the second or third quarter of this year. European vehicle regulators could potentially vote on the issue in July. One tech job that had appeared at risk of AI replacement was cybersecurity engineer. But The New York Times reports that the role is now going through a “hiring frenzy,” and tech recruiters can’t keep up with demand for them. One of the driving forces behind the surge in cybersecurity roles is the emergence of Anthropic’s Mythos AI model — which is being held back by the company due to its advanced cyber capabilities until companies can shore up defenses. The demise of software engineering roles in general may have been overblown as well. According to the report, engineers are still needed to manage AI agents, which are increasingly writing the bulk of the code at Big Tech companies. The $11.8 billion German company could be particularly vulnerable to a takeover right now, with its CEO having recently stepped down following pressure from activist investors to sell off assets. A full acquisition would give Uber a massive foothold in over 60 countries to combat DoorDash’s European-focused Wolt unit. Uber has been involved in a lot of deal-making of late, mostly in the autonomous vehicle space , where it now has more than 30 partnerships globally. Uber extended its losses on the news and is currently down around 1.7%. Report: OpenAI’s Q1 revenue was $5.7 billion, beating Anthropic The neck-and-neck race between OpenAI and Anthropic as the AI companies barrel toward their expected IPOs this year is shaking out some internal numbers for would-be investors to ponder. The Information is reporting that OpenAI’s first-quarter revenue was ~$5.7 billion, about $1 billion ahead of Anthropic’s revenue for the same period. The Wall Street Journal recently reported that Anthropic is on course to more than double its first-quarter revenue of $4.8 billion to $10.9 billion in the second quarter. It is not known what OpenAI is projecting for Q2. Recently, The New York Times reported that Anthropic’s current fundraising round seeking to raise between $30 billion and $50 billion comes with a valuation of up to $950 billion, putting it ahead of OpenAI’s latest reported valuation of $850 billion.
Source: Sherwood News