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Chinese electric carmaker BYD sales beat Tesla
The Shenzhen-based firm says revenue for last year came in at $107bn, boosted by sales of its hybrid vehicles.
It comes as Tesla faces a backlash around the world over Musk's ties to US President Donald Trump, while Chinese carmakers have been hit with tariffs in Western countries. It comes as Chinese consumers are cutting spending in the face of economic challenges, including a property crisis, slowing growth, and high local government debt. Musk has also intervened in politics abroad, including giving his backing to far-right party Alternative für Deutschland ahead of Germany's parliamentary election and criticising UK politicians such as Prime Minister Keir Starmer.
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