Global EV sales numbers likely won’t be fully collated till next month, but analysts say that in the US, electric vehicles seem to be on track for a pretty reasonable 8 percent of all car sales in 2024.

Threat level: Chinese EV maker BYD is surging globally, having sold about the same number of pure EVs as Tesla in 2024. Yes, but: Tesla investors are betting that in the long run, the company will deliver groundbreaking innovation on self-driving cars and AI.

Chinese electric-vehicle growth continued in December, with BYD set to take the crown of largest seller from Tesla for the second time. Growth alone, however, wasn’t enough to give all the Chinese EV stocks a boost.