Hyperdrive

Tesla Falls Behind China’s BYD in Quarterly EV Sales as Growth Slows

BYD sold 526,409 fully electric cars to Tesla’s 484,507 in 4Q
Tesla exceeds annual target for 1.8 million vehicle deliveries

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Tesla Deliveries Meet Estimates, Falls Behind BYD in Sales

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By Dana Hull

January 2, 2024 at 1:47 PM UTC

Updated on

January 2, 2024 at 6:34 PM UTC

This article is for subscribers only.

Tesla Inc. delivered more vehicles than expected in the fourth quarter, though not enough for the Elon Musk-led company to stay ahead of China’s BYD Co. in global electric-car sales.

Tesla handed over 484,507 vehicles in the last three months, beating analysts’ average estimate for 483,173 deliveries. BYD sold 526,409 fully electric vehicles in the quarter to become the new No. 1 in EVs, driven mainly by its much broader lineup of cheaper models in China.

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