Etiqueta: Elon Musk

In the face of a strong challenge from Chinese rival BYD, new-energy vehicle giant Tesla is looking

Warren Buffett is an investor in BYD, a leading electric vehicle. BYD could be gaining market share in Australia at the expense of Elon Musk's Tesla.

The Tesla rival launched its first supercar, the Yangwang U9, last year, and has shown off its ability to "jump" over potholes and road spikes.

The profound and sustained challenge to auto industry economics will force cost cutting, mergers — and all the political wrangling, labor unrest and trade friction this entails.

The title of the worlds largest maker of pure electric cars no longer belongs to Tesla. A fierce competitor has surged ahead, with focus on innovation, this company has outpaced Teslas dominance in the EV market.

BYD's rapid ascent challenges Tesla's reign as the EV leader, but with Tesla's innovation and loyal following, the 2025 showdown for EV supremacy is heating up.

BYD Auto, China's electric vehicle (EV) king, was the world's biggest seller of pure electric cars in the fourth quarter of 2024, as Tesla's sales for the period fell short of expectations. Shenzhen-based BYD beat Austin, Texas-based Tesla by more than 20 per cent in terms of deliveries. In the fourth quarter, BYD delivered 595,412 battery electric vehicles (BEVs) to customers, up 13.1 per cent from a year earlier. The company, which counts Warren Buffett's Berkshire Hathaway as a shareholder, a

In the fourth quarter, BYD beat Tesla by more than 20 per cent in terms of deliveries.

BYD reports record sales of 1.76 million EVs in 2024, intensifying competition with Tesla for the top spot in the global EV market.

BRAND HEALTH CHECK: After outpacing Tesla in revenue and smashing sales records in 2024, China's EV powerhouse faces its biggest challenge yet. With the EU slamming on 45% tariffs and the U.S. market locked down, can BYD jump-start its global ambitions, or will trade barriers force a power-down?