The Tesla CEO’s Reaction to BYD’s Success in the EV Market

Elon Musk, CEO of Tesla, jokingly dismissed China's BYD as a competitor during a Bloomberg interview, highlighting their cars as a reason for his amusement

[{"selector":"#anim-844c27b9-71b7-4218-91df-80da114df355 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9c18c4fb-1cbe-41ce-a089-0dcd527f9e3f","keyframes":{"transform":["translate3d(-110.97922%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-63608f65-8cc9-4d8d-ac90-7a9f45995841","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-09a6c2d0-ad59-4901-b740-5ca8300f1f98","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-308b7b51-f170-4997-a70b-6ec7331b3b0e","keyframes":{"transform":["translate3d(124.01433%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc2256f0-acd7-4c19-81b8-df8c59d7753d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2c472c77-9b08-4d1d-ac22-b7384ad963cc","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] BYD experienced a remarkable surge in profits, with over 400% growth in the first quarter compared to the previous year

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[{"selector":"#anim-8efbe3b3-a93e-43aa-a2c0-dcd3a3129d8a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-05083f9c-9b25-4315-9eb8-0c40397698cd","keyframes":{"transform":["translate3d(0px, -597.77785%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fbedcb77-c82e-4793-8893-d0f845ca5367","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dd8980c9-2165-4d15-9f15-9cb62baec3e8","keyframes":{"transform":["translate3d(0px, 268.99538%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

[{"selector":"#anim-4d9ca309-ebe7-41c5-a854-8c99b424e88f","keyframes":{"transform":["translate3d(-110.97922%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-aa10f81c-e1e3-4a94-985a-31b2ee10febd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8b27f76d-838b-44e9-a8df-9d9bb40f4268","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-fe0d707f-1b3b-4655-8c39-3a40a4eb74aa","keyframes":{"transform":["translate3d(124.01433%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c432b236-5534-4864-905b-d31bcc4f1a82","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4273460e-fbea-47e9-815d-d21123722545","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-61467808-4828-490c-a0c2-9c94d5554c1a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(12.977631901809856%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] BYD's vehicle sales nearly doubled, reaching an impressive figure of 550,000 globally

[{"selector":"#anim-a8e57292-305e-47ce-ae2d-bcb5cc0c1318","keyframes":{"transform":["translate3d(-110.97922%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2f81dc4c-f153-48ca-9854-60118426ad4c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-83447dde-5600-42fb-b7da-461823029f5e","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-25140cf4-3cfd-4de9-a034-68d95603f4d3","keyframes":{"transform":["translate3d(124.01433%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c12a04e1-bbef-48ef-a721-ec11821f56f2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-36de25b4-9499-4cf1-8857-42da65bc9c27","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-648c1034-2950-4b9e-bca3-c932b47ff054 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-12.500000167580026%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] BYD has surpassed Volkswagen as the best-selling brand among automakers in China, establishing itself as a dominant force in the global EV industry

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[{"selector":"#anim-f301ad19-d8f3-4e90-aeb2-82f48bd3df8d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-868b6438-3c79-419a-9e90-d6adc7ce620b","keyframes":{"transform":["translate3d(0px, 1594.92075%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-95bb727b-6cd6-47b5-9fdf-fb7bef40fe80","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a65c71b6-034b-4bcb-b027-97e89a556ec5","keyframes":{"transform":["translate3d(0px, -268.99538%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

[{"selector":"#anim-3200ff3c-a3ab-4b50-ac8e-3803f878958a","keyframes":{"transform":["translate3d(-110.97922%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5e2c2652-10e4-4f86-ae7e-9f4586917d5b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-70f69774-6805-41f3-9326-936a215aca32","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-ced11bca-3a74-4a8c-a91a-09f5baca3efa","keyframes":{"transform":["translate3d(119.12751%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e57de548-1147-4b55-8a7f-eecb55f38e28","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-daa3916f-0786-4374-819d-453b5375e093","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-fc266417-87a2-479f-bbf7-60b2ab7d5966 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(2.8192291774873084%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Industry leaders, including Volkswagen CEO Oliver Blume and Ford CEO Jim Farley, have acknowledged BYD's strength and recognized it as a formidable competitor

[{"selector":"#anim-5d1c3cfa-a018-483a-b904-2b539c19a81e","keyframes":{"transform":["translate3d(-110.97922%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0c907125-c660-4cb3-b3ac-7ef677951a24","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-26332051-b868-4a2d-9a9a-c2db58049fbc","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-43b1ed46-6dc4-46d3-bf99-4b55b184ccfa","keyframes":{"transform":["translate3d(119.12751%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-58f3449d-acb4-4252-9117-f191c281964f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9d7f965a-f542-4e58-839a-22443d121918","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] [{"selector":"#anim-3de0f45b-2bc3-47ce-986c-0a5fd8cad114 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(1.6030405252656372%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Berkshire Hathaway's vice chairman, Charlie Munger, declared that BYD is far ahead of Tesla in China

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[{"selector":"#anim-66781187-6401-449e-9cb9-954f72b05d46","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7040edb9-4b31-49bf-88be-917ad9bff2f0","keyframes":{"transform":["translate3d(0px, 1594.92075%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8b72e4d3-70a1-4fa0-a4c3-aa5bbc804b5c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e73b189d-b70b-485a-a5a3-044400201abe","keyframes":{"transform":["translate3d(0px, -343.37776%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

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