Is BYD better than Tesla? BYD and Tesla are competing fiercely for the title of the world’s number one pure electric vehicle manufacturer. Which of the two companies is stronger? Business Insider compares the current strengths and weaknesses of the two companies through 5 pictures. Business Insider compared the two companies by pure electric vehicle sales, annual revenue, annual profit, automotive business revenue share, and stock price performance, and found that they are evenly matched.
BYD and Tesla
1. Pure electric vehicle sales: Tesla leads
Sales are evenly matched
In 2024, Tesla’s pure electric vehicle sales will be about 1.79 million, ahead of BYD’s 1.76 million. But if hybrid vehicles are included, BYD’s overall sales in 2024 will reach 4.27 million, far exceeding Tesla.
2. Annual revenue: BYD leads
BYD’s annual revenue exceeds Tesla
In 2024, BYD’s annual revenue will reach 777.102 billion yuan (about 107 billion US dollars), exceeding Tesla’s 97.7 billion US dollars. This is the first time BYD’s revenue has exceeded Tesla since 2018.
3. Net profit: Tesla leads
Tesla’s net profit exceeds BYD
In 2024, BYD’s net profit increased by 34% year-on-year to 40.254 billion yuan (about 5.547 billion US dollars), lagging behind Tesla’s 7.1 billion US dollars.
4. Car revenue share: BYD leads
Car revenue share is equal
One difference between Tesla and BYD and traditional automakers is that their business is not just about making cars. However, the proportion of automotive business in the revenue of the two companies is equal. BYD is slightly ahead, with 79.5% of revenue from cars and related products, while Tesla is 78.9%.
5. Stock price performance: BYD leads
BYD’s stock price has performed better than Tesla this year
Tesla’s stock price fell sharply at the beginning of the year, and has fallen by 30% in 2025 due to investors’ concerns that Musk is too focused on his work in the government efficiency department and Tesla’s sales are declining. In contrast, BYD’s stock price has soared, and it has increased by more than 40% so far this year. On the day BYD announced its flash charging technology, Tesla’s stock price fell 5%.
Is BYD better than Tesla? Tesla and BYD each have their own characteristics, one is good at pure electric, and the other is good at hybrid. When buying a car, just choose the one you need, there is no need to criticize one and praise the other!
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