Did Warren Buffett-Backed BYD Pass Tesla As The World's Largest EV Maker? Not Quite And Here's Why

The crown as the world’s top electric vehicle producing company has been held by Tesla Inc (NASDAQ: TSLA ) for years. While many are taking on Tesla with the goal of displacing the company as the EV leader, the title hasn’t been lost quite yet. What Happened: Headlines of Tesla losing the title of the world’s largest electric vehicle producer filled the internet this week. This came after Tesla’s quarterly production report and the report from rival BYD Company ADR  (OTC: BYDDY ), a Chinese automaker. “Tesla is still the world’s largest electric car producer despite what you are hearing,” electric vehicle website Electrek shared. Tesla reported 254,695 deliveries in the second quarter, up 26.5% year-over-year. The total was down 18% from the 310,048 vehicles delivered in ... Full story available on Benzinga.com