Tesla Sales and Profits Drop, but EV Maker Still Beats Wall Street Expectations

Core Insights - Tesla's revenue decreased by 3% in the fourth quarter, indicating a decline in financial performance [1] - The company has lost its position as the world's leading electric vehicle maker to China's BYD, highlighting increased competition in the electric vehicle market [1] Financial Performance - Tesla's revenue fell by 3% in the fourth quarter compared to the previous period, reflecting challenges in maintaining sales growth [1] Competitive Landscape - BYD has overtaken Tesla as the leading electric vehicle manufacturer globally, signifying a shift in market dynamics and competitive pressures [1]