Why China's BYD is a threat to Tesla's EV dominance

• The figure represents a nearly 325% year-on-year increase from the same period last year.
• In June alone, BYD sold 133,762 electric or plug-in hybrid passenger vehicles.
• In the first two quarters of 2022, BYD sold 323,519 battery electric vehicles and 314,638 plug-in hybrids.

Yes, but: All of Tesla's vehicles are full battery electric models. Plug-in hybrids run on electricity for a limited range and then switch to gasoline.

The big picture: Tesla delivered a total of 564,743 vehicles in the first six months of the year, according to figures in their first and second quarter reports.

• Tesla noted in the reports that it had contended with supply chain challenges and factory shutdowns over the course of the year.
• BYD's shares have risen 36% since January and the company was able to avoid the lockdown-spurred factory closures, Business Insider reported.

• Tesla, however, was forced to temporarily close its factory in Shanghai during a COVID-19 outbreak in the city earlier this year.

Editor's note: This story was clarified to reflect that Tesla sells only full electric models while BYD sells both full electric models and plug-in hybrids.

Go deeper:

• Elon Musk says new Tesla factories are "losing billions of dollars"
• Tesla raises prices again on its electric cars
• U.S. auto regulator expands Tesla emergency-scene crashes probe
• The risk of diverging EV futures