In the third quarter, Tesla’s deliveries increased by 7% compared to the previous year, reaching 497,099 vehicles. However, BYD has outsold Tesla in full-electric vehicles for four consecutive quarters. Despite facing challenges, BYD remains a strong long-term investment option, especially as it expands its market presence and product offerings. Tesla’s performance in the quarter was strong, but BYD is likely to maintain its lead over the full year. Both companies are navigating changing market dynamics and competition, with BYD showing resilience in the face of challenges.

Read more at Nasdaq: Is BYD Co. About to Leave Tesla in the Dust?