Tesla Rival BYD Hits 2025 EV Highs In November, Exports Hit Record: Should Elon Musk Be Worried? - Tesla (NASDAQ:TSLA)

Core Viewpoint - BYD Company reported strong sales and record exports in November, indicating competitive strength against Tesla in various global markets [1][5]. Sales Performance - BYD sold 480,186 new energy vehicles (NEV) in November, marking a 5.3% decrease year-over-year but an 8.7% increase from October [2]. - Commercial NEVs saw an 88% year-over-year increase, totaling 5,625 units sold in November [2]. - Battery-powered electric vehicle sales rose 19.9% year-over-year to 237,540 units, up 6.7% from October [3]. - Passenger plug-in hybrid vehicle sales were 237,381 units, down 22.4% year-over-year but up 10.8% from October [3]. - Total NEV sales from January to November reached 4,182,038 units, an 11.3% increase year-over-year [3]. Export Growth - BYD's exports in November reached a record 131,935 units, a significant 325.9% increase year-over-year and a 57.3% rise from October [5]. - From January to November, BYD sold 912,911 vehicles overseas, reflecting a 153.6% year-over-year growth [5]. Competitive Landscape - Tesla's wholesale sales in November were 78,856 units, up 10% year-over-year and 41% from October [6]. - Tesla's total wholesale sales from January to November stood at 754,561 units, down 8.3% year-over-year, trailing behind BYD's overall NEV sales [8]. - Tesla has experienced year-over-year declines in wholesale sales in China for eight of the eleven months in 2025 [9]. Market Dynamics - BYD's aggressive expansion in Europe and Asia could disrupt Tesla's market share, particularly with lower-priced models [10]. - Consumer preferences in Europe are shifting towards vehicles made in China, potentially benefiting BYD [10]. - Tesla faces challenges from brand perception issues and increased competition from lower-cost alternatives like BYD [11]. Stock Performance - BYD shares are trading at $12.69, up 12.03% year-to-date in 2025 [12]. - Tesla shares are trading at $426.79, with a year-to-date increase of 5.68% [12].