One electric-vehicle challenge Elon Musk saw coming in his rear-view mirror has just edged past him. On Wednesday, BYD clocked quarterly sales that handily beat Tesla. The next worry is that his Chinese rival will keep pulling further ahead.
BYD’s top line was neck and neck with Tesla’s in last year’s fourth quarter. But it powered ahead in the latest results, with a record 201 billion yuan ($28 billion) in revenue in the three months to the end of September, some $3 billion more than its U.S. rival’s.
My wife & I just spent a week in London, where there are plenty of cars but very little off-street parking. We saw a significant number of EV’s ranging from Tesla’s & other cars, to taxis, double decker busses, and the occasional truck/lorry. We spotted one or two Tesla super charger stations as we made our way around the city, as well as a very small number of public parking spaces along roads that had either chargers or just outlets to plug chargers into.
What little I saw certainly didn’t seem like a lot, but they clearly seem to have some sort of grasp on the situation given the number of EV’s we saw…