Key Points Chinese EV maker BYD posted Q3 sales that nearly match Tesla's total. BYD's three-year sales growth rate stands at 65%, higher than Tesla's rate of 47%. BYD sold 431,603 electric vehicles in the third quarter, in hot pursuit of Tesla's total sales of 435,059. It's expected to achieve yearly sales of about 1.8 million cars, the same as Tesla's sales target. Among consumer discretionary stocks, Tesla is running behind only Nike Inc. NYSE: NKE over the past five days.

Source: Forbes October 09, 2023 10:48 UTC