"BYD Dethrones Tesla in Global EV Sales as Q4 Records Tumble"

Tesla achieved a record number of electric vehicle deliveries in Q4, meeting its 2023 target with 1.85 million vehicles produced. Despite this, Tesla was surpassed by China's BYD as the top EV maker, with BYD delivering 526,409 vehicles in the same period. Tesla's growth and aggressive sales strategies, including discounts and free charging incentives, were not enough to maintain its leading position. The company also faces challenges such as the loss of tax credits for some models and regulatory scrutiny over its self-driving technology. Meanwhile, BYD's delivery numbers indicate that its price cuts are effectively boosting its market share.