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Tesla rolls out record cars in Q4, but China's BYD overtakes in EV race

Tesla rolls out record cars in Q4, but China's BYD overtakes in EV race

Tesla's Model 3 is displayed during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023. REUTERS/Angelika Warmuth

Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker to China’s BYD.