Tesla Finances vs. BYD Finances — Nonsense Myths Long Out Of Date - CleanTechnica

The article from CleanTechnica challenges outdated perceptions about the financial and market leadership of Tesla versus BYD in the electric vehicle (EV) industry. While Tesla has historically received more attention for its EV leadership, BYD has made significant strides over the past decade, particularly through cost reductions with its lithium iron phosphate (LFP) batteries and rapid vehicle development. BYD has increasingly dominated the Chinese market and recently surpassed Tesla in battery electric vehicle (BEV) sales. Earlier criticisms that BYD’s sales figures were inflated by non-EV vehicles have become obsolete, as BYD now exclusively sells plug-in vehicles, including a growing share of BEVs. Financially, the article refutes common Tesla shareholder claims that BYD loses money on its BEVs, has lower gross margins, or generates less profit. Recent data shows BYD outperforming Tesla in key financial metrics such as revenue, gross profit, and net income. For example, BYD’s trailing twelve-month gross profit reached approximately $22.