Chinese electric car giant BYD’s profit doubles as it continues to cruise past rival, Elon Musk’s Tesla

Source: New York Post

Chinese electric car maker BYD’s doubled its profits to $1. 3 billion in the first quarter as it continues to surge past its key rival, Elon Musk’s Tesla. The Shenzhen-based firm — whose annual revenue leapfrogged past Tesla’s last month to surpass the $100 billion mark — said quarterly revenue rose 36% to 170.