BYD racked up more revenue than Tesla in 2024

For the first time in seven years, BYD made more money than its American rival, Tesla.

3/24/25 9:55AM

BYD brought in more money than Tesla in 2024, marking the first time the Chinese electric vehicle giant’s revenue surpassed its American rival in seven years.

BYD reported on Monday that it brought in 777 billion yuan, or $107 billion, of revenue in 2024. Tesla reported $97.7 billion.

BYD and Tesla sold roughly the same number of electric vehicles in 2024, about 1.8 million. But including BYD’s hybrid sales, the company sold more than 4 million cars.

BYD shares are up about 60% since the start of the year as its cheaper EVs gain popularity worldwide. Earlier this month, the company unveiled new technology that’s capable of charging its vehicle in five minutes.

At the same time, Tesla is growing increasingly unpopular in the US and its sales are falling around the world. Analysts have grown bearish on the company and investors have soured, sending the stock down more than 25% since the start of the year.

J. Edward Moreno22h

Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

Tom Jones

10/6/25

OPEC and others are boosting oil production as the race to catch up with the US goes on

This month’s 137,000-barrel-a-day boost is a little more modest than some expected.

Millie Giles

RED FLAG, GREEN FLAG

9/25/25

China, the world’s largest carbon polluter, has pledged to cut emissions for the first time

President Xi Jinping has announced that China is aiming to slash carbon emissions by up to 10% in the next decade.

solar power station on the rooftop of the factory

Claire Yubin Oh9/19/25

John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports.

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the region’s favorites:

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DOT-COM BUBBLE

9/12/25

More than 40% of American adults now report being online “almost constantly”

While a new survey showed Japan has the greatest share of perpetually online people, there was a significant number reporting not using the internet at all.

BYD racked up more revenue than Tesla in 2024

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Starbucks sells control of China business for $4 billion

John Wayne Airport in Orange County tops the list of North America’s favorite airports

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