TSLA & BYDDY Vie for EV Supremacy: Which Stock is Worth Buying Now?
Tesla(TSLA) ZACKS·2024-12-05 15:05
U.S.-based Tesla (TSLA) and China’s BYD Co Ltd (BYDDY) are at the forefront of the electric vehicle (EV) market, locked in a fierce battle for dominance. In the fourth quarter of 2023, BYD dethroned Tesla in global EV sales for the first and only time, with a record-breaking 526,409 EVs sold, surpassing Tesla's 484,507. Since then, the rivalry between these EV titans has intensified. Although Tesla retained its title as the top EV seller for 2023 with 1.8 million deliveries, 2024 is shaping up to be a tight ...