Tesla Inc. continues to showcase a strong market presence with a market cap of $860 billion, significantly outpacing competitors like Ford and Toyota. However, projections indicate that Tesla is poised to lose its leading position in the global BEV market to China's BYD, which is expected to gain a 15.7% market share by the end of 2025. Analysts cite BYD's rapid sales growth in China, advancement in charging technology, and aggressive global expansion as key factors contributing to this shift, while allowing for a modest view of its current international sales due to present limitations.
"Despite losing its top rank in BEV sales to BYD, Tesla's market cap remains significantly higher than its competitors, highlighting its enduring strength in the EV market."
"Counterpoint's projections reveal a tightening race between BYD and Tesla, with BYD expected to take the BEV lead in 2025 despite Tesla's substantial global presence."
Collection
[
|
...
]