Tesla beats BYD at EV sales in Q4 2024⁠⁠

Once again Tesla become word’s top EV seller regaining the throne from its main rival, Chinese brand BYD.

Tesla sold 386,810 electric cars during January-March 2024 while Chinese brand BYD delivered only 300,114 units within same period.

Even though Elon Mask’s famous automobile manufacturer once again becomes top 1 EV seller with its 386,810 delivered EV in Q1 2024, its quarterly sales still dropped by 20.16% from 484,507 delivered units in Q4 2023. At the same time BYD’s sales in Q1 2024 dropped by 42.88% compared to final three month of last year, when the number of delivered car units set at 525,409 units, according to CNN business.

One of the reasons behind the sales drop is a concern over EV demand, especially in China, where such producers as BYD, Geely, Wuling, etc. aggressively implement various stimulus to attract buyers.

References:

1. https://www.ft.com/content/1f18cf1f-8b28-446a-81d2-86555f52a...

2. https://edition.cnn.com/2024/04/03/cars/china-tesla-byd-comp...

3. https://www.globaltimes.cn/page/202401/1306366.shtml

4. https://www.cnbc.com/2024/01/02/tesla-tsla-q4-2023-vehicle-d...

5. https://qz.com/tesla-elon-musk-rival-china-byd-q1-quarter-po...