BYD, the Chinese electric car manufacturer, recently surpassed Tesla in global sales, reaching $100 billion. The company showcased innovations like rapid charging and an advanced driving system. Despite not selling cars in the US due to tariffs, BYD is expected to benefit from the escalating trade war, while Tesla struggles with an aging lineup and competition. Analysts predict BYD will expand into markets like Europe and Latin America as US tariffs raise costs for American brands, potentially accelerating BYD's success.
As the words came out of Trump's mouth, they were probably drinking champagne in BYD headquarters. It accelerates BYD's success.
Tesla is operating in an environment, despite Musk having a front-row seat, that's actually huge headwinds for the company both domestically and abroad.
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