Tesla's nemesis, BYD, has reported booming sales in the first few months of the year.
Business Insider
- Tesla is having a rough year, but the company's Chinese rivals are having a great few months.
- Shares in BYD, Geely, and Xpeng have surged in 2025, even as Tesla's stock price has plunged.
- The strong performance of Tesla's Chinese competitors adds to the challenges Elon Musk faces right now.
It's been a rough year for Tesla — and a very good one for its Chinese rivals.
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