CNN reports:

Chinese electric vehicle champion BYD has reported a 60% surge in sales in the first quarter of the year as archrival Tesla stumbles.

The EV maker based in the southern Chinese megacity of Shenzhen sold just over one million new-energy vehicles in the first three months of 2025 – including battery-powered cars, hybrids and commercial vehicles – according to a CNN calculation based on its latest stock exchange filing. Its sales of pure EVs soared 39% to more than 416,000 units.

BYD has been on a roll. Just last week, it reported a record annual revenue of $107 billion last year. By contrast, Tesla’s 2024 revenue was $97.7 billion, and its annual deliveries declined for the first time last year by 1.1%.

The vast majority of BYD’s shipments last year were delivered to domestic customers with just 10% exported to overseas markets. As a result, investors and analysts are bullish on BYD’s growth potential as the automaker advances in markets like Europe, Southeast Asia and South America.

In Europe, where BYD is making inroads and building two manufacturing plants, Tesla is struggling with slumping sales. In February, Tesla’s sales there plunged around 40% from the same month in 2024, according to the European Automobile Manufacturers’ Association.

Last week, Wang Chuanfu, BYD’s founder and CEO, pledged to boost total shipments by nearly 30% this year and nearly double its overseas deliveries to more than 800,000 vehicles, according to state media. [Continue reading…]

The New York Times reports:

If there is anyplace Tesla should be thriving, it’s Norway. Electric vehicles account for more than 90 percent of new car sales in the Scandinavian country, and buyers here are among the most sophisticated in the world when it comes to understanding the nuances of batteries, charging and range.

So it hardly bodes well for Tesla that its sales in Norway, as measured by registrations, have declined more than 12 percent so far this year. Sales for the first three months of the year were even worse in Denmark, France, the Netherlands and Sweden.

In fact, Tesla’s sales have been on a steep downward trend around the world: The company said on Wednesday that its global sales in the first quarter fell 13 percent from a year earlier.

Tesla said that it delivered nearly 337,000 cars during the quarter. That is down from 387,000 in the first three months of 2024 and fewer than in any period since the second quarter of 2022.

The company’s tepid sales at a time when electric vehicle sales were rising around the world reflected a number of serious problems, not least a consumer backlash against the prominent role that Elon Musk, the chief executive of Tesla, is playing in the Trump administration.

Geir Rognlien Elgvin, an urban planner with the City of Oslo, bought his first Tesla in 2013, months after they were introduced in Norway. He has toured the company’s battery Gigafactory in Nevada. He met Mr. Musk when the executive was still mostly known for wanting to address climate change with electric cars and his rocket company, SpaceX.

But as Mr. Musk drifted to right-wing politics, Mr. Elgvin’s enthusiasm waned. And he grew concerned about the company’s data security policy.

Several months ago, he swapped his Tesla for a battery-powered cargo bike and a shared electric Volkswagen. “I would never drive a Tesla again,” he said. “It’s a question of ethics.” [Continue reading…]