Tesla Shatters Records with Skyrocketing EV Sales

Tesla and BYD have both reported record sales in the second quarter, solidifying their positions as the world's top-selling electric car manufacturers. Tesla delivered 466,140 vehicles globally, surpassing expectations, while BYD, China's leading car brand, sold 700,244 fully electric and plug-in hybrid vehicles. Tesla's stock rose over 6% in premarket trading, and BYD's jumped up to 5% in Hong Kong. The strong sales numbers put pressure on traditional automakers to catch up in the EV market, with Tesla vowing to prioritize volume over profitability.