Tesla bulls have it hard right now. After suffering an unprecedented plunge in the stock price that has enriched short sellers to the tune of $16 billion, arch-rival BYD just celebrated an all-time high.

Shares in the Chinese EV manufacturer hit a record after it unveiled two new models from its Dynasty family: the five-meter-long Han L executive sedan and the Tang L SUV, vehicles that are capable of recharging just as fast as refueling a conventional combustion engine car.

The pair are built off BYD’s new “Super-e Platform”, a vehicle architecture that features a 1,000-volt electrical system, higher than even the 900v found in a Lucid Air.

Together with a 1 megawatt DC fast charging system, the two BYD models can add 400 kilometers of range in just five minutes , according to Chinese EV motoring site CnEVPost .

Typically, the higher the rate of charging, the more the battery is subjected to stress. Over time, this creates the formation of microscopic needles made of lithium metal that can puncture a cell’s isolation and trigger a short circuit. In a worst-case scenario, the battery pack could catch fire.

But BYD’s Blade cells use iron-based LFP chemistry that is more robust than the better-known NMC cells based primarily on nickel.

BYD's U.S.-traded American Depository Receipts (ADRs) traded 2.6% higher on the announcement to hit a new high of $102.70 each.

The company's Shenzhen-listed stock likewise hit a record, resulting in a market cap of nearly $160 billion—or more than Volkswagen , General Motors and Ford combined.

It’s the latest example of how BYD is diverging more and more from arch-rival Tesla.

While the Chinese manufacturer is investing further in EV innovation, Elon Musk’s carmaker has chosen a strategic pivot towards the development of humanoid robots, which he believes will vault it to become the world’s most valuable company.

Short sellers betting on Tesla decline have now pocketed $16 billion

Speaking in June at Tesla’s annual shareholders meeting, the entrepreneur claimed their company is on track to one day achieve $1 trillion in annual profits—or 10 times what Apple currently makes.

In a matter of years, he estimated his investors would be earning a 50% return by selling 100 million Optimums robots per annum at a price tag of $20,000 each, twice what he expects it will cost to build them. This would usher in a utopian “age of abundance”, where robots would do all the work, leaving humans to focus entirely on more spiritually rewarding endeavors.