BYD Outsold Tesla by Roughly 77,000 EVs Again in Q2. Can Tesla Close the Gap?
Key PointsWall Street analysts expect BYD to maintain its lead over Tesla in global EV sales.
China's BYD delivered 557,090 battery electric vehicles (EVs) in the second quarter, outpacing Tesla by nearly 77,000 units. This trend is expected to continue, with Wall Street analysts projecting BYD to sell 2.4 million EVs for the full year, compared to Tesla's 1.65 million deliveries. By 2030, BYD's EV sales volume is forecast to reach 4 million, while Tesla is expected to sell only 2.65 million. Several structural factors suggest BYD will maintain its lead, making Tesla's investment case even more intriguing.
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