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Musk once laughed off BYD as a threat. Now the Chinese giant has taken Tesla’s EV crown — here’s how

Musk once laughed off BYD as a threat. Now the Chinese giant has taken Tesla's EV crown — here's how

Chinese automaker BYD had one of the biggest stands at the IAA show in Munich, Germany in 2023.

Arjun Kharpal | CNBC

Elon Musk dismissed BYD in 2011 by laughing at their products during a Bloomberg interview.

“Have you seen their car?” Musk quipped. “I don’t think it’s particularly attractive, the technology is not very strong. And BYD as a company has pretty severe problems in their home turf in China. I think their focus is, and rightly should…


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