Tesla was dethroned by BYD as the world’s best-selling electric-vehicle maker last quarter after recording fewer deliveries than its Chinese rival for the first time.
The US company, run by Elon Musk, handed over 484,000 cars in the fourth quarter, Tesla said on Tuesday, more than the 473,000 anticipated by analysts polled by LSEG.
BYD on Monday reported record sales of battery-only vehicles of 526,000 for the same period, helped by a strong end to the year for the Chinese electric vehicle market. This is the first time the Chinese group has exceeded Tesla’s quarterly sales of fully electric cars.
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