Summary
Tesla faces an aging lineup and recalls, while BYD continues to impress with its high-tech range of EVs and hybrids. BYD has surpassed Tesla on revenue, reporting $107 billion in 2024 compared to Tesla's $97.7 billion.
Key Points
BYD claims 5-minute charging for its new cars.
Tesla faces aging lineup and recalls.
BYD surpasses Tesla on revenue.
BYD impresses with high-tech range of EVs and hybrids.
Why It Matters
The competition between Tesla and BYD highlights the importance of innovation in the electric vehicle market.
Author
Rebecca Bellan