Etiqueta: Robotaxi

The U.S. carmaker’s valuation is soaring on robotaxi dreams. Its shipments tell a different story.

The year is 2011, Tesla CEO Elon Musk was asked in a Bloomberg interview whether Chinese automaker BYD Auto posed a real competitive threat to Tesla. Musk cheekily laughed and said, "Have you seen their car? I don’t think they have a great product… I don’t think the technology is very strong."

Chinese automaker BYD's sub-brand Linghui could target the hotly-contested ride-hailing industry amid China's Robotaxi expansion.

Tesla falls behind BYD in global EV manufacturing as Chinese rivals expand and competition intensifies

Tesla enters 2026 facing a mix of headwinds: softer delivery figures, a loss of BEV leadership to BYD, and a valuation that splits investors between a fading

The US firm faced a difficult year with unease over chief executive Elon Musk’s political activities and stiff overseas competition.

In 2011, Tesla CEO Elon Musk dismissed Chinese electric vehicle maker BYD as a competitor. But some 14 years later, BYD beat the American EV pioneer at its own game.

Elon Musk’s carmaker delivered fewer fully electric models than its rival in 2025

Tesla’s early dominance of the electric car market is being challenged as China’s BYD posts record sales and wins over European consumers with lower prices.

BYD is gaining EV leadership. The company sold 2.07 million EVs through November, while Tesla is expected to sell 1.65 million in 2025.