It's the revenue that matters in this case, not the number of cars sold. Because BYD obviously and as a strategy, sells for very cheap. For example, they have a model that is like 16-17k dollars here, whereas tesla is 40k dollars, so they need basically twice as many sales as Tesla to make the same revenue at the very least.
And they are doing much worse when it comes to revenue. They are selling 55% of the cars, but how much of the revenue are they making? I can tell you that a lot less. That is literally why they are getting subsidies from the government, Chinese party keeps them alive, by paying them to stay alive. Not that they are doing terrible, of course they are making money, I just mean, they are not run like any other company, they are like one nations whole government backed company, so it makes sense how they can survive.
Wrong, revenue is important in every business, not just the electric vehicle market.
You are also wrong in saying that Tesla's revenue is higher than BYD's or that BYD needs to sell twice as many cars to have the same revenue as Tesla. In 2024, BYD's revenue is $102 billion, up more than 29% from 2023. Meanwhile, Tesla's revenue is $97 billion, down 1,1% from 2023. BYD is doing very well, not as bad as you think.
Yes, BYD receives support from the Chinese government. But what about Tesla? They also get a lot of incentives from the US government but that will soon end because with Trump's 'One Big Beautiful Bill', the US government will cuts off funding to Tesla. That would make things more difficult for Tesla in the future, and that's why Musk turned his back on Trump.
While I hate Elon Musk and even dislike tesla cars, I have to say, there are few different parts about this that I would argue against. First of all, we talked about cars sold, and we are seeing even in these numbers, Tesla seems only a small part behind, how could tesla sell so fewer cars, and be nearly exactly the same?
Secondly, that 102 number comes from China, and I have a suspicion about whatever comes out of China, I do not believe they sold that many cars, I also do not believe they made that much revenue, I do not have any proof, but I am sure they do not have a proof neither, they are just writing numbers, who can argue against it? And more importantly, China literally covers the losses for BYD whenever they made it, whereas Tesla only gets subsidies in the form of tax cuts, they did not receive free money.