Tesla and BYD made headlines this week as Cybertrucks were added to Mexico's World Cup police fleet, Tesla's European sales plunged 49%, and Chinese regulators met with BYD amid rising concerns over zero-mile used cars.
Brazilian labor prosecutors filed a lawsuit Tuesday against BYD Co Ltd seeking $45 million in damages for alleged human trafficking and slavery-like working conditions at the Chinese automaker's factory construction site in Bahia state.
The prosecutors have requested that the Court order BYD and its contractors to pay 257 million Reais in moral damages in addition to damages to individual workers.
The Chinese carmaker BYD outsold Tesla in Europe's BEV segment for the first time in April. But markets see Tesla's long-term potential and ETFs still hold it as a top holding.
Tesla (TSLA) has made an impressive comeback, rallying 40% from its lows and rejoining the $1 trillion club thanks to robotaxi hype, technical momentum, and eased US-China trade tensions. Strong bullish trends and a triple bottom formation suggest a continued uptrend, but challenges in China remain.
