Tesla CEO Elon Musk has been outpaced by China’s BYD electric vehicles sales, data from the final quarter of 2023 shows. On Monday, BYD, based in Shenzhen, said it had sold a record 526,000 battery-only vehicles between October and December 2023, breaking Tesla’s long-standing record for the first time, per BBC.One day later, Tesla announced it broke its own record for the last quarter, at 484,500 electric vehicles sold in the last three months, and 1.8 million in all of 2023. BYD sold a total of 1.6 million battery-only vehicles and more than three million new energy vehicles (NEVs), which include hybrids. Despite coming in second place to China last quarter, analyst Dan Ives of Wedbush Securities said the last quarter was a “clear win” for Musk and his EVs, with year-end sales up 20% year-over-year. Musk said in January 2023 he thought Tesla could sell two million units in 2023. Head of Money and Markets at Hargreaves Lansdown Susannah Streeter said “as BYD has accelerated into the fast lane, it's fresh evidence of just how competitive the EV market has become.” “And how hard it will be for Tesla to swerve back to head the pack," she added. .This is what the Western Standard is up againstThe Trudeau government is funding lies and propaganda by directly subsidizing the mainstream media. They do this to entrench the powerful Eastern, woke and corrupt interests that dominate the political, social and economic institutions in Canada. Federal authorities are constantly trying to censor us and stop us from publishing the stories that they don’t want you to read. Ottawa may weaponize our taxes and police against us, but we’ve got a powerful ally on our side.You. Free men, and free women. We need you to stand with us and become a member of the Western Standard. Here’s what you will get for your membership:Unlimited access to all articles from the Western Standard, Alberta Report, West Coast Standard, and Saskatchewan Standard, with no paywall. Our daily newsletter delivered to your inbox. .Access to exclusive Member-only WS events.Keep the West’s leading independent media voice strong and free.If you can, please support us with a monthly or annual membership. It takes just a moment to set up, and you will be making a big impact on keeping one the last independent media outlets in Canada free from Ottawa’s corrupting influence.
Tesla CEO Elon Musk has been outpaced by China’s BYD electric vehicles sales, data from the final quarter of 2023 shows. On Monday, BYD, based in Shenzhen, said it had sold a record 526,000 battery-only vehicles between October and December 2023, breaking Tesla’s long-standing record for the first time, per BBC.One day later, Tesla announced it broke its own record for the last quarter, at 484,500 electric vehicles sold in the last three months, and 1.8 million in all of 2023. BYD sold a total of 1.6 million battery-only vehicles and more than three million new energy vehicles (NEVs), which include hybrids. Despite coming in second place to China last quarter, analyst Dan Ives of Wedbush Securities said the last quarter was a “clear win” for Musk and his EVs, with year-end sales up 20% year-over-year. Musk said in January 2023 he thought Tesla could sell two million units in 2023. Head of Money and Markets at Hargreaves Lansdown Susannah Streeter said “as BYD has accelerated into the fast lane, it's fresh evidence of just how competitive the EV market has become.” “And how hard it will be for Tesla to swerve back to head the pack," she added. .This is what the Western Standard is up againstThe Trudeau government is funding lies and propaganda by directly subsidizing the mainstream media. They do this to entrench the powerful Eastern, woke and corrupt interests that dominate the political, social and economic institutions in Canada. Federal authorities are constantly trying to censor us and stop us from publishing the stories that they don’t want you to read. Ottawa may weaponize our taxes and police against us, but we’ve got a powerful ally on our side.You. Free men, and free women. We need you to stand with us and become a member of the Western Standard. Here’s what you will get for your membership:Unlimited access to all articles from the Western Standard, Alberta Report, West Coast Standard, and Saskatchewan Standard, with no paywall. Our daily newsletter delivered to your inbox. .Access to exclusive Member-only WS events.Keep the West’s leading independent media voice strong and free.If you can, please support us with a monthly or annual membership. It takes just a moment to set up, and you will be making a big impact on keeping one the last independent media outlets in Canada free from Ottawa’s corrupting influence.
