BYD Obliterates Musk’s EV Dominance In Shocking $107 Billion Revenue Bloodbath…

Breaking news: BYD just ran Tesla off the road. The Chinese EV giant pulled in $107 billion in revenue for 2024, officially surpassing Tesla’s $97.7 billion, meaning if Elon Musk wasn’t already in full crisis mode, now would be the time to start.

(Source: Giphy) 

In short, we all know Tesla has been the undisputed king of electric vehicles, but BYD is rewriting the script. In 2024, BYD sold 4.27 million vehicles, nearly three times Tesla’s 1.79 million deliveries. Sure, that number includes plug-in hybrids, but still, consumers don’t care about purist definitions when they’re buying a car. They care about price, range, and charging time, and BYD is demolishing Tesla on all three fronts.

(Source: Bloomberg) 

What’s more is that the Chinese automaker isn’t just playing catch-up. It’s innovating at a pace that should terrify Tesla investors. BYD just rolled out a new battery tech that can add 249 miles of range in five minutes. If that claim holds up, it’s game over for charging anxiety, and Tesla’s already-struggling Supercharger network suddenly looks like an aging relic. Meanwhile, BYD is cranking out EVs at price points that Tesla simply can’t match. So while Elon is busy slashing prices and still losing market share in China, BYD is flooding the market with cheaper, high-tech alternatives that are eating Tesla alive.

(Source: CNBC) 

The worst part? That bleeding isn't going to be stopping anytime soon. For instance, Tesla’s China sales have been declining for five straight months, while BYD’s market share in the country is sitting at 15%—not just for EVs, but for all passenger cars. In the first two months of 2025 alone, BYD’s sales surged 93% year-over-year, and they’re forecasting 5 to 6 million vehicles sold this year. Meanwhile, Tesla is busy laying off workers and trying to convince investors that robotaxis will save them LOL. 

On the other hand, the only thing keeping Tesla in the power seat is its absurd market cap. Despite BYD’s revenue dominance, Tesla is still worth $800 billion, while BYD sits at a relatively modest $157 billion. But let’s be honest—those numbers don’t make sense anymore. The gap is closing, and fast. Especially considering that BYD isn’t even selling passenger cars in the U.S. yet because of tariffs. But, but, but… when that changes? It’s going to be a bloodbath. 

(Source: Giphy) 

In the end, Elon is gonna Elon and rant about this, but the reality is, BYD is doing what Tesla was supposed to be doing—scaling aggressively, pushing battery tech forward, and making EVs more accessible to the masses. Tesla investors need to wake up. The competition isn’t coming. It’s already here. 

For now, keep your eyes on this story and place your bets accordingly, friends. As always, stay safe and stay frosty! Until next time… 

P.S. Just when you thought our beloved congressmen couldn’t get any greasier, one Republican lawmaker decided to YOLO $175k into a stock—right before a major FDIC announcement hit. Lucky timing? Insider edge? You be the judge. We broke it all down inside last week's Stocks.News premium article—click here to check it out ASAP! 

Stocks.News holds positions in Tesla as mentioned in the article.