Tesla vs. BYD: A Comparison of the World’s Largest Electric-Vehicle Makers

The battle between Tesla and BYD, the world’s largest electric-vehicle makers, is heating up in 2024. Both companies have been making significant moves in the EV market, with Tesla facing challenges in its first-quarter deliveries and BYD rebounding from a slow start in the year.

Tesla’s focus on Full Self-Driving and robotaxis has raised concerns about the delay of a much-touted small EV. The company has been slashing prices and making strategic moves to boost margins, but questions remain about its growth strategy and future plans.

On the other hand, BYD has been aggressively cutting prices and expanding its lineup, with a focus on traditional gas-burning vehicles. The company’s sales rebounded in March after a slow start to the year, and it is set to release new tech advances in the coming months.

Both companies are also making strides in battery technology, with Tesla working on its 4680 batteries and BYD producing its specialized Blade batteries. Additionally, both companies are expanding their presence in global markets and ramping up production to meet growing demand.

Investors are closely watching the developments at Tesla and BYD, as well as the performance of their stocks. Tesla’s stock has seen a significant decline in 2024, while BYD’s stock has rebounded from a low earlier in the year. The competition between these two EV giants is fierce, and the outcome will have a significant impact on the future of the electric vehicle industry.