Is momentum shifting in the global electric vehicle (EV) market? Chinese EV maker BYD has surged ahead of Tesla, reporting $107 billion in 2024 revenue compared with Tesla’s $97.7 billion. BYD’s net income in the fourth quarter was a record $2.07 billion, an increase of 73% year-on-year and up 29% quarter-on-quarter. Tesla’s Chinese rival is gaining global momentum, says Jacob Falkencrone, global head of investment strategy at Saxo Bank, with record-breaking earnings, rapid international