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On July 2 , Tesla delivered 443,956 vehicles in Q2 , beating lowered estimates.
On July 1 , BYD reported record second-quarter sales of nearly one million , though lagging Tesla in BEVs.
Tesla has slashed prices since late 2022 , but demand has flagged amid an aging lineup and rising competition.
BYD sells BEVs and PHEVs from around $10,000 to $150,000 , with a wide range of models.
It's refreshing much of its lineup, while adding several new models.
On May 28 , BYD unveiled a new fifth -generation hybrid system with greater efficiency.
Tesla earnings plunged 47% to 45 cents a share in the first quarter , the third straight big drop.
The EU is imposing additional tariffs of up to 38.1% provisionally on Chinese BEVs starting July 5 .
EU tariffs will affect foreign automakers that export Chinese -made EVs as well.
Tesla burned $2.5 billion in cash during the quarter .
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