BYD Set To Pass Tesla

Benzinga

Chinese EV maker BYD is expected to overtake Tesla as the world’s top electric-vehicle seller in 2025, highlighting BYD’s rapid global rise as Tesla deliveries decline, according to CNBC.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Chinese electric vehicle maker BYD is expected on Friday to surpass Tesla

00:07as the world's largest seller of electric vehicles on a calendar year basis, according to CNBC.

00:13The milestone would mark BYD's rapid rise after Musk publicly dismissed the company in a 2011

00:20interview. The two automakers are set to release their 2025 sales figures,

00:25with available data indicating BYD is likely to surpass Tesla.

00:30BYD said sales of its battery-powered cars rose nearly 28% in 2025 to 2.26 million units.

00:38Tesla compiled an average estimate on Monday of 1.6 million vehicle deliveries in 2025,

00:43down about 8% from 2024. Tesla uses deliveries as its closest proxy for sales,

00:50though the metric is not clearly defined in shareholder communications.

00:53Tesla shares fell earlier in 2025 amid competition and later rebounded, reaching a record close of

01:01$489.88 after Musk cited driverless vehicle testing in Austin, Texas.

01:08For all things money, visit Benzinga.com.

Category

Transcript

Be the first to comment

Recommended