BYD compounds Tesla's sales woes as revenue surges 14%

BYD delivered a 14% profit jump in the first half of 2025, while Tesla’s sales in Europe dropped for the seventh straight month, exposing a growing gap between the two EV ￰0￱ numbers came directly from BYD’s regulatory filing on Friday, confirming that net income hit 15.5 billion yuan ($2.2 billion) between January and ￰1￱ jumped 23% to 371.3 billion yuan, backed by stronger EV demand and aggressive ￰2￱ company didn’t just rely on its home ￰3￱ shipped EVs from its Thailand unit to new territories like the UK, Germany, and Belgium, as confirmed by ￰4￱ first half of the year saw 2.15 million cars sold, up 33% compared to 2024, but still short of the 5.5 million target it set for the full ￰5￱ sales figure includes both fully electric models and plug-in ￰6￱ while battery EVs kept growing in Q2, hybrid sales dropped, pulling down momentum inside ￰7￱ sticks with discounts as Beijing warns automakers BYD’s momentum came with a ￰8￱ late May, the automaker slashed prices across models, triggering an industry-wide ￰9￱ didn’t like ￰10￱ warned that deep discounts were killing long-term brand strength and putting financial strain on companies.

Still, BYD kept the discounts through ￰11￱ automakers made slight ￰12￱ went even ￰13￱ government’s effort to rein in the price war hasn’t changed ￰14￱ discounts have now become a ￰15￱ like BYD are left trying to grow sales without relying on the one tool they’ve leaned on for ￰16￱ the firm hasn’t backed ￰17￱ July, it outpaced all its EV rivals in ￰18￱ registered 13,503 vehicles, a 225% rise year-on-year, data from the European Automobile Manufacturers Association ￰19￱ , on the other hand, posted just 8,837 registrations, a 40% plunge compared to July 2024. That’s despite an overall rise in EV demand across ￰20￱ Musk’s company has now recorded seven straight months of falling sales on the ￰21￱ it’s not just Europe where things are going south.

Globally, Tesla’s auto sales revenue dropped in Q2, and Musk himself told shareholders that the company “could have a few rough quarters.” Musk blames brand drag and model delays as sales sink Tesla remains under pressure from intense local competition and political fallout tied to Musk’s public behavior, with his ties to President Donald Trump’s administration and controversial comments having alienated consumers in key European markets, giving competitors like BYD more room to grow. Internally, Tesla also has nothing new to show ￰22￱ hasn’t refreshed its lineup in ￰23￱ company said it’s working on a lower-cost electric model and hopes to begin volume production in the second half of 2025, but that’s too far out to help current numbers.

Meanwhile, analysts watching BYD don’t seem too worried about its summer ￰24￱ Ding, who leads EV research at HSBC, wrote that slower sales in July were caused by weak local demand and tighter control of dealership ￰25￱ said BYD’s stricter pricing policy was intentional and likely to “support more sustainable margin expansion ahead,” even if it means short-term volume ￰26￱ the domestic market, BYD still leads but faces trouble from ￰27￱ hybrid decline in Q2 has made its overseas expansion more ￰28￱ price controls back home and the discount tool now restricted, the company is using exports to meet its ￰29￱ fact that it moved vehicles into Western Europe from Southeast Asia shows how far the firm is willing to go to stay ￰30￱ year, BYD formally overtook Tesla in global EV production ￰31￱ maintaining that lead will depend on how it handles the second half of 2025, when internal pressures meet external ￰32￱ the other side, Tesla is bleeding market share even as the EV category grows without ￰33￱ Musk can turn the story around by 2025’s end, BYD’s lead won’t just be temporary — it’ll be ￰34￱ your project in front of crypto’s top minds?

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