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Wajeeh Khan

BYD Just Outsold Tesla in Europe. Is It Time to Drop TSLA Stock Like It’s Hot?

BYD Tesla Inc. Europe EV Piper Sandler Jato Dynamics

Tesla (TSLA) is in focus on Thursday following reports that it’s no longer the best-selling EV brand in Europe – a region it has ruled for years. 

According to data from Jato Dynamics, rival BYD (BYDDY) sold a total of 7,231 electric vehicles in the bloc last month, up a whopping 169% on a year-over-year basis. In comparison, Tesla sales were capped at 7,165 only.

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