Tesla's fundamentals along with a simple chart patterns.
In 2023, global EV sales reached 13.6 million units, up over 30%. China dominated with 7.9 million units sold, expected to hit 10 million in 2024. BYD sold 3 million EVs, including 1.6 million BEVs, while Tesla delivered 1.8 million BEVs, capturing 19% of the market. Tesla sold 700,000 vehicles in the US and Canada, 600,000 in China, and 400,000 in Europe. Tesla's shares fell 29% this year, while BYD's dropped nearly 6%.
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