Etiqueta: Elon Musk

BYD, the top-selling electric vehicle manufacturer on earth, has reduced its 2025 end of year sales forecast from 5.5 million cars to 4.6 million, a 16% cut

The Chinese automaker would benefit from hiving off its FinDreams unit.

CATL leads global EV battery market with 37.5% share, followed by BYD at 17.8%. South Korean companies LG and SK also see growth.

In China's EV market, consumers are shifting from Tesla and BYD amid sales declines—Tesla down 5% and BYD 14.3% in August—due to economic slowdowns, aging products, and CEO controversies. Emerging rivals like Xiaomi and Zeekr gain ground with innovation and pricing, prompting industry leaders to adapt through diversification and new strategies.

Tesla's sales in key European markets have declined for eight straight months, with sharp drops in France (47.3%), Sweden (84%), and Denmark (42%), amid rising competition from BYD and an aging product lineup. Consumer backlash against Elon Musk exacerbates the slump, threatening Tesla's global position despite gains in Norway and Spain.

As Tesla sales fall in China, Musk says robots will save the company.

BYD's latest hidden project is not just looking at 10 gigafactories but 10 gigafactories in 1 and BYD's gigafactory is set to beat that of Tesla's.

Tesla is no longer the world’s top EV seller. A Chinese rival has surged ahead with futuristic cars, eye-watering sales, and global ambitions backed by billions in state support. Yet beneath the glossy image lie hidden debts, recalls, and growing international scrutiny.

Cheaper Chinese EVs grab record share in growing market

Europeans are pissed at Tesla and BYD is eating its lunch.