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Monthly Journal: Traders' Insights Wanted!
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Tesla vs BYD

Fig. 1. Tesla vs BYD sales including plug-in hybrids.
Fig. 1. Tesla vs BYD sales including plug-in hybrids.
Tesla reported Q3 deliveries of 343,830, up 42% vs. a year earlier and above Q1's record 310,048. But that was well below analysts' estimates of above 360,000. Tesla produced 365,923 vehicles in the latest quarter, more than 22,000 above deliveries.
Meanwhile, BYD sold a record 201,259 new energy vehicles in September, after 174,915 in August and 162,530 in July. That was up 183% vs. a year earlier. Of the 200,793 personal vehicles, BYD sold 94,941 pure electric vehicles, or BEVs, and 106,032 plug-in hybrids.
For Q3, BYD sold 538,704 NEVs, up 194% vs. a year earlier and surging from 355,021 in Q2.
The Chinese giant nearly doubled its overall vehicle lead over Tesla in Q3 vs. Q2. The U.S. EV maker still leads in BEV deliveries, but BYD sold 258,610 pure electrics in Q3, rapidly closing that gap as shown in the chart below.
Fig. 2. Tesla vs BYD sales in BEVs.
Fig. 2. Tesla vs BYD sales in BEVs.
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