Tesla Leads Electric Car Sales in Q1 This Year

RiderTua.com – Maybe Tesla lost to BYD in terms of electric car sales throughout last year. Because at that time its sales performance was not optimal, making it lose to its strongest rival. But now Tesla can outperform BYD in the first quarter of this year. Still, they have to be wary of competition from other competitors besides BYD.

Tesla Outperforms BYD Car Sales In First Quarter 2024

In the electric car market, Tesla has dominated this market for quite a long time, even with a fairly limited line-up. But what makes this model sell so well is that its sales network is quite extensive throughout the world, moreover, they have set up a number of assembly plants in several countries. It’s not surprising that they have quite strong dominance in the BEV market.

However, last year, its sales were beaten by BYD, and of course this was quite surprising. Because it is unusual for a brand like BYD to be able to outperform Tesla, even with its dominance over the last few years. Even with the results it obtained at that time, Tesla took the lead from its fiercest rival in the first quarter of this year.

Seize the Top Position

Throughout Q1 2024, Tesla was able to sell 386,810 units of electric cars worldwide, while BYD only reached 300,114 units. Even though it was far ahead of its competitors, Tesla experienced a decline in sales of up to 8.5 percent from last year, while BYD rose 13 percent. There seems to be a shift in trend from Tesla to other brands, considering that the products it provides are quite expensive.

Apart from the selling price, Tesla has carried out car recalls in recent years, in fact these recalls are carried out much more frequently compared to other brands. Of course, this is not normal, because it is unusual for a car manufacturer to recall more than five times like Tesla. Especially regarding issues with the quality of car production and the autopilot feature.