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China’s BYD Overtakes Tesla in European EV Sales

On Thursday, Reuters reported that the Chinese automaker BYD surpassed Tesla Inc. (NASDAQ:TSLA) in EV sales in Europe for the first time, according to a report by JATO Dynamics.

In April, BYD registered 7,231 BEVs in Europe, while Tesla registered 7,165 units. This marks a shift in the European car market, as Tesla had previously led the European BEV market for years, and BYD only officially expanded its operations beyond Norway and the Netherlands in late 2022.

Despite the EU’s imposition of tariffs on Chinese-made EVs, registrations of such cars increased by 59% in April from a year earlier and reached almost 15,300 units. In comparison, carmakers from Europe, Japan, South Korea, and the US saw a 26% growth in EV registrations during the same period. In April 2025, BEVs and PHEVs combined accounted for 26% of new car registrations in Europe, which was a new record. Chinese brands’ PHEV volumes increased by a 546% year-on-year, from 1,493 units in April 2024 to 9,649 units in April 2025. This represents almost 10% of the total PHEVs registered in Europe.

Tesla’s declining sales in Europe are attributed to factors like an aging model lineup, production halts for retooling factories for the redesigned Model Y crossover, and CEO Elon Musk’s political views. Tesla Inc. (NASDAQ:TSLA) reported its first drop in annual deliveries last year, and analysts anticipate another fall in 2025 after a 13% decline in Q1. Conversely, BYD’s success is driven by its broad and competitive lineup of fully electric vehicles and plug-in hybrids, which led to a 359% increase in overall EV sales in April compared to the previous year.

While we acknowledge the potential of TSLA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TSLA and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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