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Tesla and BYD 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. For all-battery electric vehicles (BEVs), BYD seized the crown in Q4 2023. Tesla has regained that title, though BYD looks set to lead again in Q4 2024.
Tesla reported a surprise profit gain in Q3, fueled by rebounding margins. Elon Musk was bullish about full-year and 2025 growth as well. BYD reported solid Q3 earnings, with revenue surpassing Tesla for the first time. October and November sales signal a huge fourth quarter.

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