Tesla Loses Top EV Spot to BYD as Deliveries Fall After Tax Credit Expiry

Tesla has lost its lead in global electric vehicle sales to China’s BYD after quarterly deliveries fell more than expected.

Industry observers point to softer EV demand, intensifying competition and the expiry of a tax credit as factors weighing on Tesla’s sales.

BYD’s stronger sales during the period allowed it to overtake Tesla in EV deliveries, marking a notable shift in the market.

Key Topics

World, Business, Tesla, Byd, Ev Deliveries, Competition, Tax Credit