BYD has officially taken Tesla's crown and become the world's largest EV seller

BYD container ship.

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• Tesla just lost its status as the world's largest seller of battery EVs to a Chinese rival.
• BYD took Tesla's crown after Elon Musk's automaker reported its second consecutive annual sales drop.
• The Chinese EV maker sold more vehicles than Tesla for the first time in 2024, and has now bested Musk again.

Elon Musk once laughed at the prospect of Chinese EV maker BYD becoming a serious rival to Tesla. He's not laughing anymore.