--- title: "BYD Is Suddenly Crushing Tesla" description: "Chinese EV maker BYD is crushing Tesla, leapfrogging the Elon Musk-led company by passing the $100 billion mark in revenue last year." date: "2025-03-25" modified: "2025-03-25" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/byd-crushing-tesla" categories: - "Advanced Transport" - "Tesla" tags: - "BYD" - "electric vehicles" - "elon musk" - "tesla" --- # BYD Is Suddenly Crushing Tesla ![Chinese EV maker BYD is crushing Tesla, leapfrogging the Elon Musk-led company by passing the $100 billion mark in revenue last year.]() *\Image: BYD\* Chinese EV maker BYD is absolutely crushing Tesla, leapfrogging the Elon Musk-led company by passing the $100 billion mark in revenue last year. As [*Agence France-Press* reports](), the Shenzhen-based manufacturer has quickly emerged as the clear leader in China's burgeoning EV market — and increasingly looking like a global contender — by beating out Tesla's $97.7 billion in revenue last year. It's a notable inflection point, showing that the embattled carmaker's days of being the EV industry's clear frontrunner are numbered, if not already over. Experts have long warned that Chinese competition could catch up with Tesla, which doesn't bode well given the company's already faltering financials, spurred by its mercurial CEO's increasingly erratic and alienating behavior. BYD announced earlier this year that it had sold nearly 4.3 million vehicles in 2024, up over 40 percent compared to 2023. Monthly sales also skyrocketed by a stunning 161 percent in February, according to *AFP —* at the same time that Tesla saw [massive declines in sales]() worldwide and a [plunging share price](). BYD made headlines earlier this month when it [revealed new battery tech]() allowing EVs to gain nearly 250 miles' worth of charge in just five minutes, leading to a surge in the company's share price. The system can reach peak speeds of 1,000 kilowatts, twice that of Tesla's latest Superchargers. However, given the current animosities between China and the US, current rules that were [established during the Biden administration]() that effectively ban nearly all Chinese cars and trucks in America will likely remain in place. President Donald Trump has personally advertised Tesla's offerings during a [baffling showroom event]() in front of the White House earlier this year, suggesting the EV maker will continue enjoying regulatory protection from its Chinese competition in the US. Trump's tariff war aimed at China will also likely further isolate Tesla from overseas competition. Trump [announced on Monday]() that automobile tariffs are coming soon. But with sales in freefall in other parts of the world, Musk's carmaker could soon struggle to maintain its foothold outside of the US. According to the latest data, Tesla sales are dropping precipitously, [tumbling 44 percent on average in Europe](). While Tesla's shares rallied this week, in large part due to Musk's [efforts to pump the stock](), shares are still down over 26 percent year to date. **More on Tesla:** *[Trump's Attempt to Help Tesla May Backfire Spectacularly]()* ## Author I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida. ### Author social links [Bluesky]()