From Nasdaq: 2025-04-21 11:13:00

Tesla has long been a leader in the electric vehicle (EV) market, but China’s BYD Co. Ltd. is now challenging its dominance. BYD briefly took the top spot in EV sales in 2023 and 2024, delivering more BEVs than Tesla in the first quarter of 2025.

BYD’s impressive growth is attributed to its vertically integrated business model, efficient battery technology, and expanding global footprint. The company’s net profit rose 34% in 2024, with revenues reaching a record high. International expansion and innovative products like the “Super e-Platform” are driving BYD’s success.

Tesla, on the other hand, is facing challenges with slowing sales, shrinking margins, and distractions in leadership. While its Energy Generation and Storage segment is gaining traction, concerns about delays in launching affordable models and shrinking margins in the automotive business persist.

In terms of valuation, BYD appears more attractive than Tesla, trading at a lower forward sales multiple with a better Value Score. With positive earnings revisions and a strong market position, BYD seems better positioned for growth compared to Tesla.

In conclusion, BYD’s strong domestic leadership, international expansion, cost advantages, and innovative technology make it a favorable choice over Tesla in the evolving EV market. Tesla’s challenges and higher valuation may hinder its growth potential in comparison to BYD.



Read more at Nasdaq: TSLA vs. BYDDY: Which of These EV Giants is Better Positioned Now?