It’s been a mixed week for Tesla Inc (NASDAQ: TSLA) who drastically underperformed in terms of first quarter sales. Still, it got its biggest EV seller crown back from its biggest rival, BYD Company Limited (OTC: BYDDY) who snatched this quarterly crown away from Tesla during the last three months of 2023. But even BYD reported a significant quarter-over-quarter slowdown which allowed Tesla to regain its throne. However, Tesla’s nightmare is far from over.
BYD continues with its aggressive expansion.
Its rapid expansion plans come at a cost, but BYD continues to accelerate. Moreover, it plans to launch its first electric pickup later this year, challenging both Tesla and its Cybertruck as well as Ford Motor (NYSE: F) and its F-150 that has been America’s best-selling vehicle for over four decades. If BYD prices its pickup below the price point of ...