Reuters
Tesla delivers record Q4 cars, but China’s BYD steals top EV spot
(Reuters) -Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker by sales to China’s BYD. Tesla delivered 484,507 EVs in the October-to-December period, falling short of the 526,409 vehicles that Warren Buffett-backed BYD handed over – mostly in China – suggesting that car buyers were looking for cheaper models in a high-interest-rate economy. Tesla stock, which doubled last year, was nearly flat on Tuesday in a broadly weaker market.