BYD Is Suddenly Crushing Tesla

Chinese EV maker BYD is absolutely crushing Tesla, leapfrogging the Elon Musk-led company by passing the $100 billion mark in revenue last year. As Agence France-Press reports, the Shenzhen-based manufacturer has quickly emerged as the clear leader in China's burgeoning EV market — and increasingly looking like a global contender — by beating out Tesla's $97.7 billion in revenue last year. It's a notable inflection point, showing that the embattled carmaker's days of being the EV industry's clear frontrunner are numbered, if not already over. Experts have long warned that Chinese competition could catch up with Tesla, which doesn't bode well given the company's already faltering financials, spurred by its mercurial CEO's increasingly erratic and alienating behavior. BYD announced earlier this year that it had sold nearly 4.3 million vehicles in 2024, up over 40 percent compared to 2023. Monthly sales also skyrocketed by a stunning 161 percent in February, according to AFP — at the ... Read full article.