Etiqueta: Elon Musk

BYD knocked Tesla out of the top spot when it comes to global EV sales, thanks, in part, to its entry-level models, superior tech, and government support.

Hong Kong-listed shares of BYD Co. Ltd. surged following a reported overseas sales boost in South America. The automaker’s shares listed on the Hong Kong stock exchange surged 8.3%, the most in more than a year, after reports emerged that the automaker’s facility in Brazil received an order of 100,000 units from Mexico and Argentina, Bloomberg reported on Monday, citing local Chinese media news. Hong Kong-listed shares of BYD’s fellow Chinese automakers, like Nio Inc. and Xiaomi Corp, also recor

The scary thing for Tesla investors isn't that competitors finally caught up, it's how quickly they're speeding ahead.

That's a huge advantage, after all.

While BYD is eating Tesla's lunch and its sales climb drastically in Europe as Elon Musk's automaker plunges 17% there, it is also investing in new technologies to stay ahead. Its new Blade battery 2.0 has been put in both the EV and the full-size SUV with the longest ranges in their categories.

Chinese EV giant BYD Co. Ltd. reported a drop in sales during the first two months of 2026, which has raised concerns about the world's largest EV maker's sales, including from Tesla Inc. CEO Elon Musk. BYD Sales Drop On Monday, AJ Investment Research posted on the social media platform X, outlining BYD's sales decline in 2026. "BYD is currently running at below 50% capacity and sales dropped 36%," the researcher said. I've never seen a more rapid sales collapse outside a severe ecnomic recessio

Tesla’s Chief Executive Officer Elon Musk commented on BYD’s sixth consecutive month of sales decline on Monday, calling it “tough sledding.”

BYD surpasses Tesla as top EV seller in 2025, launches new deals in China to combat sales decline. Tesla fights back with low interest rates.

According to data from the European Automobile Manufacturers’ Association (ACEA), Tesla’s electric vehicle registrations — widely us...

Tesla's Europe woes are only getting worse, just as Chinese rival BYD's fortunes soar.