Elon just took a massive L as China officially stole the EV crown. BYD sold 2.25 million electric vehicles last year to eclipse the 1.65 million estimated for Tesla. This marks a historic shift where the Shenzhen manufacturer outpaced the American giant, putting immense heat on Western markets alongside budget-friendly competitors like Geely and MG. Musk faces serious headwinds from political controversies involving President Donald Trump, which impacted the stock value he needs to secure a trillion-dollar payout dependent on selling Optimus robots.
Shareholders worry the billionaire focuses little attention on the car brand while managing X, SpaceX, and The Boring Company alongside a federal efficiency role. Early sales dipped, prompting price cuts on popular US models to regain momentum. He promised to scale back government work to chase ambitious goals like autonomous robotaxis.
BYD saw slower growth internally despite the global win. They still expanded aggressively into Latin America and the UK, where numbers jumped nearly nine hundred percent thanks to the Seal U hybrid. Steep tariffs failed to halt their progress as they continue undercutting legacy makers.
Shareholders worry the billionaire focuses little attention on the car brand while managing X, SpaceX, and The Boring Company alongside a federal efficiency role. Early sales dipped, prompting price cuts on popular US models to regain momentum. He promised to scale back government work to chase ambitious goals like autonomous robotaxis.
BYD saw slower growth internally despite the global win. They still expanded aggressively into Latin America and the UK, where numbers jumped nearly nine hundred percent thanks to the Seal U hybrid. Steep tariffs failed to halt their progress as they continue undercutting legacy makers.
