Despite steep tariffs, the Chinese carmaker leapfrogged Tesla in April, in what an analyst called a “watershed moment” for the continent’s auto market.

Chinese electric vehicle (EV) giant BYD outsold Tesla Inc. (NASDAQ: TSLA) in Europe for the first time in April. Research firm Jato Dynamics provided figures to the Financial Times. 24/7 Wall St. Key Points: BYD outsold Tesla Inc.

BYD, leveraging its cost advantages and strong Chinese market presence, has overtaken Tesla in global EV sales, necessitating BYD's continued focus on affordability and international expansion, while Tesla needs to diversify its lineup and reduce costs.