BYD, Tesla's biggest rival in China, just doubled its profits
1. BYD's first-quarter net profit doubled to 9.15 billion yuan. 2. Operating revenues increased 37% to 170.4 billion yuan. 3. BYD's earnings per share rose 99% to 3.12 yuan. 4. BYD has surpassed Tesla in multiple financial metrics. 5. Tesla faces falling sales and controversies under Elon Musk.