BYD Outpaces Tesla With $107 Billion In FY24 Revenue | Can The Chinese Company Beat Elon Musk?

BYD Outpaces Tesla With $107 Billion In FY24 Revenue | How Is The Chinese Company Beating Elon Musk? BYD, the Chinese EV giant, passed a significant milestone on Monday as it overtook Elon Musk’s Tesla in annual revenue. BYD generated $107.1 billion in annual FY24 revenue. Not only is that past the $100 billion threshold, it’s greater than Tesla’s 2024 revenue of $97.7 billion. While 20.5% of BYD’s 2024 revenue was generated from its mobile handset business, the competition for EV race is heating up!