NatalieLopez

 12 Dec 23

tl;dr

Tesla, Inc.’s primary China rival BYD Company Limited continues to see solid vehicle sales growth and is poised to potentially become the market share leader in Q4. Analysts anticipate a position shift in favor of BYD due to Tesla's slower deliveries, with numbers lagging behind the passenger EV mar...

Tesla, Inc.’s primary China rival BYD Company Limited continues to see solid vehicle sales growth and is poised to potentially become the market share leader in Q4. Analysts anticipate a position shift in favor of BYD due to Tesla's slower deliveries, with numbers lagging behind the passenger EV market by a large margin. Despite these challenges, Tesla investors remain focused on the company's margin outlook, as both automotive and gross margins continue to deteriorate. As increases in demand along with competition in the electric vehicle space have the potential to shape future market share dynamics, industry stakeholders will be closely watching these developments in the coming quarters.

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