China’s BYD overtakes Tesla as world’s biggest electric car seller

BYD's rise to the top spot in the electric vehicle market underscores the shifting dynamics within the industry, particularly as government policies and subsidies play a crucial role in shaping consumer behavior. Tesla's struggles highlight the vulnerabilities of even the most prominent players in the market, suggesting that reliance on subsidies can be a double-edged sword. As competition intensifies, it will be interesting to see how Tesla adapts to regain its market position and what strategies BYD will employ to maintain its lead.