Summary
- Tesla delivered 462,890 vehicles in Q3 2024, becoming the world’s largest seller of battery electric vehicles
- BYD overtook Tesla in Q4 2024 but Tesla regained the top spot in Q1 and Q2 2024
- Tesla’s BEV sales increased by 6.4% year-over-year and 4.26% quarter-over-quarter in Q3 2024
- BYD sold 443,426 BEVs in Q3 2024, with an increase of 2.74% year-over-year and 4.08% quarter-over-quarter
- BYD also sold 1,129,256 passenger NEV units in Q3 2024, showcasing significant growth in its sales
Article
In the third quarter of 2024, Tesla delivered a total of 462,890 vehicles, with the majority being Model 3/Y and a smaller number of Model S/Model X/Cybertruck/Semi. This was enough for Tesla to surpass Chinese automaker BYD and become the world’s largest seller of battery electric vehicles (BEVs) for that quarter, despite falling short of some expectations. However, BYD managed to overtake Tesla in the fourth quarter of 2024, but Tesla quickly reclaimed the top spot in the first quarter of 2024 as reported by Reuters.
In the second quarter of 2024, Tesla continued to lead in BEV sales, delivering 462,890 vehicles, which was a 6.4% increase from the same period the previous year. BYD also saw growth in their BEV sales during the same period, but their numbers fell behind Tesla. BYD sells a variety of passenger and commercial new energy vehicles, including hybrids, so when considering their hybrid sales in addition to BEVs, their overall performance becomes more impressive.
During the third quarter of 2024, BYD sold 443,426 BEVs, up 2.74% year-over-year and 4.08% quarter-over-quarter. While Tesla retained its position as the top BEV company, BYD’s numbers were still noteworthy considering the success of Tesla’s Model Y and Model 3 in different markets around the world. BYD’s sales of passenger NEV units also showed significant growth during this period, increasing by 37.36% year-over-year and 14.91% quarter-over-quarter.
Overall, Tesla’s performance in Q3 2024 allowed the company to maintain its lead in BEV sales globally. While there were fluctuations in rankings between Tesla and BYD throughout the year, Tesla consistently showed strong numbers and delivery figures. As the competition in the electric vehicle market continues to grow, it will be interesting to see how these two companies and others in the industry fare in the coming quarters and years. Readers are encouraged to reach out with any news tips or updates to share with the team at TeslaRati through email.
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