But this momentary reprieve masks a deeper existential threat facing Tesla and other American automakers: China’s BYD is coming for their lunch — and showing few signs of slowing down.

The $4.5 billion factory is expected to produce about 200,000 vehicles a year from late 2025. BYD is building a massive factory in Hungary as it looks to overtake Elon Musk's Tesla in Europe.

Satellite imagery shows how BYD's massive new car plant in Hungary is taking shape. After crushing Tesla in China, the EV giant aims to take advantage of Elon Musk's woes in Europe. The $4.5 ...