Tesla Extends Weekly Losing Streak As BYD Charges Higher
Markets,Banking And Finance,Electric Vehicles,Elon Musk,Tesla,China
From the Right
AllSides Media Bias Rating: Lean Right
Tesla (TSLA) and BYD (BYDDF) are the world's largest electric-vehicle makers.
In 2022, China EV and battery giant BYD's vehicle sales raced ahead of Tesla's and are now well more than twice as high, three times as much in Q4 2024. For all-battery electric vehicles (BEVs), BYD seized the crown in Q4, though Tesla led by a hair for 2024.
Both Tesla and BYD set quarterly delivery records in Q4, but Tesla's annual deliveries fell for the first time. Tesla earnings came in light, even with a bitcoin boost.
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