In 2011, Elon Musk Mocked Tesla Rival BYD. Fast Forward To 2024, The Chinese Automaker Is The Only Real Contender To TSLA's Global Dominance

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In 2011, Elon Musk Mocked Tesla Rival BYD. Fast Forward To 2024, The Chinese Automaker Is The Only Real Contender To TSLA's Global Dominance - Benzinga

Quick Summary:

Chinese EV-making giant BYD Co Ltd.(OTC:BYDDY) has now overtaken its American rival Tesla Inc.(NASDAQ:TSLA) twice in quarterly battery electric vehicle (BEV) sales in the past two years as competition intensified.

However, in the fourth quarter of 2024, BYD took back the title after selling 595,413 BEVs, significantly higher than the 495,570 delivered by Tesla in the period.

Tesla took back the crown in the first quarter of 2024 and kept it for three consecutive quarters.