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Tesla and BYD Are Dominating the Global Electric Vehicle Market
Commercial EV, Electric Car, Electric Fleet July 28, 2024 Maribel Pepper Comments: 0

Tesla and BYD Are Dominating the Global Electric Vehicle Market

By ZeroHedge – Jul 28, 2024, 10:00 AM CDT Tesla’s gross margin has been declining every quarter since Q1 2022, but it still maintains the largest BEV market share globally. BYD is hot on Tesla’s heels, increasing its market share by ten percentage points between 2021 and 2023. Despite the tariff increase on Chinese-made cars, China remains the largest exporter and market for both hybrids and BEVs. In the second quarter of 2024, Tesla’s gross margin dropped to a new low af...
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Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
Commercial EV, Electric Car, Electric Fleet April 20, 2024 Marquis Klemp Comments: 0

Tesla cuts US prices for 3 of its electric vehicle models after a difficult week

Tesla knocked $2,000 off the prices of three of its five models in the U.S. Tesla knocked $2,000 off the prices of three of its five models in the United States late Friday, another sign of the challenges facing the electric vehicle maker led by billionaire Elon Musk. The company cut the prices of the Model Y, a small SUV which is Tesla’s most popular model and the top-selling electric vehicle in the U.S., and also of the Models X and S, its older and more expensive models. Prices for the...
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Tesla Beats BYD in Battery Electric Vehicle Sales in 2024
Commercial EV, Electric Car, Electric Fleet April 1, 2024 Brian Wang Comments: 0

Tesla Beats BYD in Battery Electric Vehicle Sales in 2024

Home » Energy » Tesla Beats BYD in Battery Electric Vehicle Sales in 2024 BYD sold 300,114 passenger BEVs in the first quarter of 2024, up 13.4 percent year-on-year but down 42.99 percent from the fourth quarter last year. Tesla is expected to announce 405,000 to 430,000 sales deliveries for the first quarter of 2024. Tesla was likely ahead of BED for the March, 2024 monthly sales. BYD sold 139,000 in March. This is likely very close to the level of Tesla global monthly unit sales. Tesla also...
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