On Monday, BYD reported $107 billion in revenue for 2024 — crossing the $100 billion level for the first time and besting Tesla’s annual revenue by about $10 billion. That milestone came a week after BYD unveiled a charging system that it says will give its latest EV model 250 miles of range after plugging in for just five minutes.

With anecdotes of owners trading in their Teslas amid backlash over CEO Elon Musk’s unelected role as agency dismantler-in-chief for Trump 2.0, don’t be surprised to see a few more of the EVs parked under giant tube men at Chicago-area used car lots this spring.

Tesla sales plunged in the European Union in the first two months of the year as Elon Musk's politics and ageing models turn consumers away.