$TSLA – BYD BEATS TESLA TO $100 BILLION IN SALES
🔸 In 2024, BYD’s revenue reached $107 billion, surpassing Tesla’s $97.7 billion. Its profit of $5.5 billion lags behind Tesla’s $7.1 billion but is growing fast.
🔸 BYD introduced a fast-charging system, allowing an EV to gain 250 miles of range in just five minutes, though it’s limited to two models and certain chargers in China.
🔸 BYD is ahead of Tesla in offering advanced driver-assistance features in China, including its “Eyes of God” software, which allows self-parking and city road cruising with minimal human input.
🔸 With 4.3 million vehicles sold last year, BYD became the 6th largest automaker globally, surpassing Honda.
🔸 CEO Wang Chuanfu plans to expand globally, but U.S. tariffs on Chinese EVs and concerns in other regions pose challenges.