Tesla

BYD sold 526,409 passenger BEVs in the fourth quarter, 8.65 percent higher than Tesla's 484,507 global deliveries.

Tesla delivered 484,507 units in the fourth quarter, beating market expectations of 483,173 units.

Customers who ordered a rear-wheel-drive version of the Model 3 that had already been produced between January 1 and January 31 will receive an insurance subsidy of RMB 6,000 yuan. The amount is lower than last month's RMB 8,000.

Tesla is currently working on preparations for the updated Model Y in China, which could begin mass production as early as mid-2024, according to Bloomberg.

A land acquisition and signing ceremony for Tesla's Megapack project was held in Shanghai on Friday morning, marking the official start of what the company called a "milestone project".

BYD has caught up with Tesla's 17 percent share of the global BEV market in the third quarter and is expected to overtake Tesla as the global leader in the fourth quarter, Counterpoint Research said.

As of now, the wait times in China for all versions of the Tesla Model 3 and Model Y are 2-6 weeks.

BYD sold 263,066 retail units in China in November, and Tesla 65,504.

Model Y retail sales in China in November were up 89.26 percent from October, and Model 3 was up 587.51 percent.

The Tesla poster didn't provide details, but it seems to be referring to the Model Y's standard-range version being sold out of available capacity for 2023.