BYD Retakes Top EV Crown With 550,000 Sales as Tesla Delivers 480,126
Updated
Updated · Bloomberg · Jul 2
BYD Retakes Top EV Crown With 550,000 Sales as Tesla Delivers 480,126
3 articles · Updated · Bloomberg · Jul 2
Summary
Tesla delivered 480,126 vehicles in the second quarter, comfortably beating Wall Street expectations of about 406,600 but still trailing BYD’s 550,000-plus fully electric sales.
That gap let BYD reclaim the title of the world’s top EV maker, even as Tesla posted a 25% year-over-year increase in deliveries.
Tesla also produced 451,758 vehicles, meaning it sold 28,368 more cars than it built and cut into previously elevated inventory.
Shares fell despite the delivery beat, underscoring that investors still judge Tesla heavily on EV demand even as the company pushes an AI, robots and energy narrative.