During the third quarter of 2024, BYD surpassed Tesla in revenue for the very first time in its history. It is a symbolic step. On the other hand, the Austin firm is still one step ahead when it comes to the number of registrations of 100% electric vehicles.
BYD's turnover exceeds that of Tesla
In 2024, BYD is still hitting hard. The Chinese giant is going from record to record. After having exceeded one million electric cars delivered at the end of August, the Shenzhen brand is still making headlines. Indeed, it turns out that during the third quarter of 2024, BYD made more money than Tesla. A historic first.
The Chinese manufacturer recorded a turnover of 28.24 billion dollars (around 26 billion euros) between July and September, an increase of 24% compared to the same period last year. At the same time, Tesla has not generated “ what » 25.2 billion dollars (23 billion euros). But all is not lost yet.
But the American brand keeps control of sales
First of all, the Austin firm achieved a better net profit than its Chinese rival: $2.18 billion for Tesla (2.01 billion euros) and +17%, compared to $1.6 billion. for BYD (1.4 billion euros) and + 11.5%. The American is seeking to reduce its costs to be able to better fight against its Chinese competitors.
Above all, Tesla also maintains control over global deliveries. Elon Musk's company is still ahead in the electric car category. Between January and September 2024, the Shenzhen manufacturer delivered 1,169,579 100% electric models, compared to 1,293,656 vehicles for Tesla.
Also readThis is how BYD inflates its prices in Europe to make profits
Despite a disappointing year, the American remains in control. It remains to be seen whether the brand will be able to hold out until the end of 2024, or whether BYD will move ahead in the final stretch. Either way, Tesla will have to give everything during the fourth quarter to try to reach its goal of 2 million sales.
The rest of your content after this announcement
The rest of your content after this announcement
