In the first half of this year, China’s BYD significantly widened its sales lead over Tesla in Singapore, highlighting the challenges Tesla faces from Chinese rivals. BYD’s impressive growth in Singapore, a small auto market, reflects its ambition to dominate Southeast Asia, where traditional gasoline cars are prevalent and Tesla has yet to establish a strong presence. BYD has also expanded its reach, opening its first stores in Vietnam and boosting its marketing efforts in Singapore. In contrast, Tesla reported its lowest profit margin in over five years and missed earnings expectations due to intensified price competition and a global EV demand slowdown. While BYD’s EV sales in Singapore surged by 83% to 2,587 units, Tesla’s sales grew by just 28 units, underscoring BYD’s growing dominance in the region.