- Revenue: BYD generated about $116 billion (803.96 billion yuan), versus Tesla's $94.8 billion. BYD wins by roughly 23%.
- Net profit: BYD earned about $4.7 billion, versus Tesla's $3.8 billion GAAP net income. BYD wins here too, even though BYD's own profit fell 19% year-over-year due to a brutal domestic price war in China.
- Vehicles sold: BYD delivered 4.6 million vehicles (EVs and plug-in hybrids combined) — nearly triple Tesla's 1.64 million. Even narrowing it to pure battery-electric vehicles only, BYD's 2.26 million still outsold Tesla's 1.64 million.
If the stock market were a simple scoreboard — most revenue wins, most profit wins, most units sold wins — BYD would be beating Tesla on every count. And yet Tesla is worth roughly ten times more. This isn't a myth or an internet exaggeration. It's real, it's current, and it's one of the clearest illustrations of how disconnected a stock's price can be from a company's underlying business.
The Fact-Check
For full-year 2025:
