With its Shark pickup truck, BYD (BYDDF) has overtaken Tesla Inc. (NASDAQ: TSLA) as the biggest EV manufacturer worldwide.

Tesla sales have declined globally, including a 30 per cent drop in Australia this January. Experts say it's partly due to Elon Musk's political views and high-profile actions deterring buyers.

After announcing its electric vehicle business lost over $5 billion in 2024, Ford could face even more headwinds this ...