More trouble for Tesla as China's BYD crosses $100 billion barrier

Tesla's fierce battle to remain the world's top EV company has just hit another roadblock. On Monday, Chinese EV giant BYD reported annual revenues of 777 billion yuan for 2024. At current exchange rates, that equates to roughly $107 billion. By contrast, Tesla's annual revenue last year was$97.7 billion.BYD's net profit jumped 34% year-over-year to just over 40 billion yuan, equivalent to $5.55 billion at current exchange rates. That exceeded analyst expectations of$5.44 billion, though it was below Tesl ...