Tesla (TSLA) Sales Drop as BYD Closes Gap to Be World’s Biggest EV Seller in Q3

BYD Co. came within a whisker of toppling Tesla Inc. as the world’s biggest seller of electric vehicles last quarter, as the Chinese automaker pushed into new markets and factory downtime led to Tesla’s first quarterly delivery decline in more than a year.

BYD sold 431,603 fully-electric vehicles in the three months ended Sept. 30, up 23% from the second quarter. Tesla shipped 435,059 cars globally in the quarter — with the 3,456 gap between the two the narrowest yet.

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