BYD surpasses Tesla as largest electric vehicle maker

BYD Company Limited has gained a significant milestone by becoming the largest electric vehicle (EV) maker in 2024, surpassing Tesla. This shift has come as Tesla faces several challenges that impact its position in the market. As we move into 2025, analysts are optimistic about BYD's future. The company is seen as benefiting from Tesla's struggles, which could provide a growth opportunity for investors willing to take risks. James Foord, an economist, leads a group called The Pragmatic Investor. He advises on building diverse investment portfolios aimed at preserving and increasing wealth. He has analyzed global markets for the past decade. Foord has no current investments in Tesla or BYD, and he emphasizes that past performance does not guarantee future results. He shares his views and insights through various investment channels.