Annual revenue, profit, stock prices and sold EVs show how close the competition is between Tesla and its Chinese rival BYD.
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00:00Tesla and rival EV maker BYD are in very close competition and we've got 5 charts to show you how they compare.
00:06Their EV sales are neck and neck with Tesla selling 1.79 million EVs in 2024 and BYD trailing behind at 1.76 million.
00:15But this doesn't mean Tesla made more overall vehicle sales.
00:18BYD also sells hybrids and actually sold over 2 million more vehicles than Tesla in 2024.
00:24BYD's revenue surpassed Tesla's in 2024.
00:27You can see here that BYD reported an annual revenue of about $107 billion US dollars compared to Tesla's $97.7 billion.
00:35Here we can see Tesla certainly won when it comes to annual profits.
00:39Tesla profits were over $1 billion US dollars more than BYD in 2024.
00:43And both companies make about 80% of their revenue from cars.
00:46Both companies have their own side hustles.
00:48Tesla has its energy generation and services businesses while BYD assembles components for smartphones.
00:54On this chart, we can see BYD's stock recently overtook Tesla's.
00:57Musk's work at Doge could be to blame for a 30% stock slump in 2025.
01:01Meanwhile, BYD's stock surged and hit a record high in March after announcing charges they claim can juice up an EV in 5 minutes.