The Financial Post reports in its Thursday edition that China's BYD notched another win over Tesla on Wednesday, posting quarterly revenue that beat Elon Musk's carmaker for the first time since the pair have gone head-to-head in global electric vehicles sales. A Bloomberg dispatch to the Post says that revenue for China's best-selling automaker soared 24 per cent year-on-year to 201.1 billion yuan ($28.2-billion) for the three months ending Sept. 30, falling short of estimates, but exceeding Tesla whose sales hit $25.2-billion in the same period (all dollar figures U.S.). Net income increased 11.5 per cent to an all-time high of 11.6 billion yuan, surpassing consensus, after BYD sold an unprecedented 1.12 million electric and plug-in hybrid vehicles last quarter. It generated a gross margin of 21.9 per cent. Its profit, however, is still overshadowed by the $2.2-billion Tesla earned. In the first nine months, BYD had net income of 25.2 billion yuan on revenue of 502.3 billion yuan. BYD and Tesla have emerged as breakout threats to legacy automakers, particularly as Volkswagen, Ford, Stellantis and GM struggle along the path to profitability with their EV transitions. BYD has a strong lineup of hybrid vehicles.