Overview
- BYD reported about 2.07 million electric vehicles sold through November, outpacing Tesla’s roughly 1.22 million as of September with forecasts putting Tesla near 1.65 million for the year.
- FactSet models roughly 449,000 Tesla deliveries in the fourth quarter and Deutsche Bank sees about 405,000, pointing to a weaker finish after a pre‑expiration surge of U.S. tax‑credit demand.
- The $7,500 U.S. federal EV credit ended on September 30, setting off a pull‑forward in purchases and a subsequent demand adjustment that analysts say weighed on Tesla’s Q4.
- BYD is deepening its international presence with a mix of battery‑electric and hybrids, building capacity in Hungary and surpassing 30,000 sales in Spain since March 2023, led by the SEAL U and Dolphin lines.
- Policy shifts are reshaping competition, including U.S. tariffs on Chinese EVs, EU duties on China‑made BEVs, and a European recalibration of 2035 combustion‑engine rules, while Tesla touts autonomy efforts ahead of a planned robotaxi in 2026.