BYD Overtakes Tesla on Fortune Global 500, Climbs to #92 as Tesla Falls to #102

Tesla drivers can expect significantly lower monthly fueling expenses than gas-powered SUV owners.

• A Model Y Performance with a 357-mile range costs about $10.98 for a full home charge, totaling $33 over 1,133 miles.


• Supercharging raises that to $53–$128 monthly, still below Chevy Equinox's $139 average fill-up bill.
  Upfront hardware (Tesla Wall Connector at $420 plus $750–$1,500 installation) adds to EV costs but pays off in lower recurring expenses.

Tesla's long-awaited budget Model Y variant has been revealed in a Chinese leak, showing major exterior and interior downgrades aimed at slashing costs. Production is slated for the second half of the year after Tesla reported a sharp drop in Q2 profits and CEO Elon Musk warned of "rough quarters."

Key changes

• Exterior: Glass roof removed; simplified fascia and lighting


• Interior: No rear infotainment or A-pillar speakers; textile-trimmed seats; relocated phone chargers


• Tech: Retains front camera for Autopilot features

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.

ChargePoint has launched Safeguard Care, a proactive maintenance service designed to keep its EV chargers online and fully functional. Available now in six U.S. launch markets, the program dispatches trained technicians to perform regular on-site inspections, cleaning, minor repairs and functionality tests.

Key benefits:

• End-to-end reliability monitoring and routine upkeep of charging stations


• Minor fixes handled on the spot; complex issues escalated to ChargePoint support


• Ideal for high-traffic locations—municipalities, parking garages and workplaces—especially those without dedicated maintenance staff