BYD Just Reported Record Monthly Sales. Here's What That Means for Tesla Stock.

Key Points BYD is increasingly challenging Tesla outside the Chinese market. Tesla’s Q2 deliveries rebounded, but competition keeps intensifying. BYD’s broader vehicle lineup gives it another competitive advantage. These 10 stocks could mint the next wave of millionaires › BYD 's (OTC: BYDDY) August sales numbers further confirmed that the company is no longer a young start-up nipping at the heels of Tesla (NASDAQ: TSLA) . The Chinese auto giant sold 440,293 new energy vehicles (vehicles powered by an alternative to fossil fuels) last month. That number is up nearly 18% from a year ago and 5% from July. This was largely the result of soaring sales numbers outside of China, which surged 134.5% year over year in August.