BYD has leapfrogged Tesla on the latest Fortune Global 500 list, climbing 52 spots to land at No. 92, while Tesla slipped to No. 102. The 2024 Global 500 measures companies by revenue, and across all firms, reported $41.7 trillion in sales and $2.98 trillion in profit last year.
Tesla's numbers have stumbled—its European deliveries are down over 23%, U.S. sales declined 12.6% overall and plunged 21% in California—while BYD pursues global expansion, including the upcoming European launch of its luxury Yangwang brand.
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