Tesla’s No.1 rival is practically taunting Elon Musk now | CNN Business

A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here.

New York CNN  — 

There are three letters keeping Tesla bulls up at night: BYD.

That’s the carmaker eating everyone’s lunch in China, the world’s biggest auto market, and rapidly gaining market share around the globe (except in the United States, of course, because of longstanding trade restrictions on Chinese imports).

On Monday, BYD reported $107 billion in revenue for 2024 — crossing

→ Continue reading at CNN - Business News

More from author

Related posts

Advertisment

Latest posts

‘Heads are exploding’: How security experts see the Signal war-plan breach

President Trump speaks alongside Secretary of Defense Pete Hegseth in the Oval Office...

Amazon CEO Andy Jassy Says the ‘Way to Get Ahead’ at Amazon Isn’t By Overseeing a ‘Giant Team and Fiefdom’

Amazon CEO Andy Jassy, 57, is on a mission to reduce Amazon's layers of middle management.At a leaked all-hands meeting last week, Jassy answered...

Feel Like Your Business Is Destined to Stay Small? Here’s How to Break Through and Unlock Explosive Growth.

Opinions expressed by Entrepreneur contributors are their own. When I started my business, PostcardMania, all I had was a phone, a computer,...