BYD overtakes Tesla on Fortune’s Global 500 as once-dominant U.S. companies feel heat from foreign rivals
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BYD overtakes Tesla on Fortune’s Global 500 as once-dominant U.S. companies feel heat from foreign rivals

July 29, 2025
09:09 AM
8 min read
AI Enhanced
economytradingfinancialtechnologyelectric vehiclesmarket cyclesseasonal analysismarket

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July 29, 2025

09:09 AM

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Fortune

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economytradingfinancialtechnologyelectric vehiclesmarket cyclesseasonal analysismarket

S·CEO DailyBYD overtakes Tesla on Fortune’s Global 500 as once-dominant U

On the other hand, Companies feel heat from foreign rivalsBy Diane BradyBy Diane BradyExecutive Editorial Director, Fortune Media and author of CEO DailyDiane BradyExecutive Editorial Director, Fortune Media and author of CEO DailyDiane Brady is an award-winning journalist and author who has interviewed newsmakers worldwide and often speaks the global landscape (an important development)

As executive editorial director of the Fortune CEO Initiative, she brings together a growing community of global leaders through conversations, content, and connections

She is also executive editorial director of Fortune Media and interviews newsmakers for the magazine and the CEO Daily

Additionally, SEE FULL BIO Electric cars made by BYD, Hong Kong, China

Bob Henry—UCG/Universal Images Group via Getty ImagesIn today’s CEO Daily: Diane Brady on Fortune’s Global 500

On the other hand, The big story: Mass shooting rocks Blackstone HQ

However, Analyst notes from Macquarie on the Fed, JPMorgan on earnings beats and misses, EY-Parthenon on jobs, and JPMorgan on sentiment (fascinating analysis)

Plus: All the news and watercooler chat from Fortune

Nevertheless, Good morning

Fortune published its Global 500 list this morning, our annual ranking of the world’s largest companies

Combined, they generated $41 (fascinating analysis)

Furthermore, Furthermore, 7 trillion in revenue last year, with $2

At the same time, 98 trillion in fit—the second-most-fitable year since the Global 500 launched in 1990

Conversely, (Fortune’s international ranking debuted in 1976 but originally excluded U

Additionally, Conversely, ) Our flagship Fortune 500 list of U

Companies is published two months earlier due to financial reporting deadlines

And many of the world’s largest companies are American, accounting for six of the top 10 spots, in this volatile climate

On the other hand, Walmart is No

However, 1 on both lists for 12 straight years, given current economic conditions

In contrast, There are fascinating shifts, especially as you move down the list

AI chipmaker Nvidia moved up 156 spots to No. 66 while Chinese electric vehicle manufacturer BYD was up 52 spots to No

Moreover, As my colleague Vivienne Walt reports, BYD has passed Tesla (No. 106) in the electric-car race and is now taking on Volkswagen (No. 12) in Europe (an important development), amid market uncertainty

What goes up can also come down, as once-dominant players struggle to compete in a new era

On the other hand, Twenty years ago, BP was No

Furthermore, 2 on the Global 500 and a pioneer in the green energy transition

Today, as Jordan Blum reports, it’s No. 33 and struggling to regain ground as its pivot to clean energy backfired

Furthermore, I’d also point you to a feature on Ping An Insurance (No. 47) by Nicholas Gordon

It’s a fascinating look at how an insurer with 242 million retail customers—dwarfing No (quite telling), in today's market environment. 7 UnitedHealth Group’s 152 million customers—is innovating to cater to China’s ageing consumers, amid market uncertainty

At the same time, It’s another reminder that the global landscape is full of companies that are finding plenty of opportunity outside the U (this bears monitoring)

CEO Daily via Diane Brady at diane

ComTop newsMass shooting rocks Blackstone HQA mass shooting at an office building in Midtown Manhattan that houses the headquarters of both the NFL and Blackstone has left four people dead, including a police officer and the shooter, given the current landscape

A motive has not yet been disclosed

BofA analysts are optimisticAnalysts at Bank of America now believe that the U

Economy could be headed for a boom due to a “confluence of factors, in this volatile climate

However, ” Those include the coming midterm elections, President Donald Trump’s “One Big Beautiful Bill Act,” and broader capital expenditures, among other factors, in today's market environment

Fortune 500 Power Movescter & Gamble announced on Monday that CFO Shailesh Jejurikar will become the company’s next CEO on Jan, in light of current trends. 1, 2026, succeeding current CEO Jon Moeller, in today's market environment

The leadership change comes just a month after the consumer goods giant announced layoffs for 5% of its non-manufacturing workforce (noteworthy indeed)

Furthermore, Trump’s oil deal is hogwash, oil execs sayThere’s just one blem with Europe’s mise to buy $250 billion of energy in the U

Trade deal that President Trump announced at the weekend: It’s not going to happen (quite telling)

However, Government doesn’t have the power to compel to buy American oil, the price of energy is coming down, and the long-term trend in Europe is to phase out fossil fuels in favor of renewables, in today's market environment. “European gas demand is soft and energy prices are falling (quite telling), in today's financial world

In any case, it is not states that contract for energy imports,” Bill Farren-Price, head of gas re at the Oxford Institute for Energy Studies, told the FT, given the current landscape. “ it or not, in Europe the windmills are winning, in today's market environment

In contrast, Tariffs are nearing the Smoot-Hawley levelThe effective average rate of tariffs is now 17. 3%, according to the Yale Budget Lab, the highest since the 20% level set by the the 1930 Smoot-Hawley Act

In contrast, Thirty-three percent of CEOs appointed this year are tempsOne third of new chief execs are hired on an interim basis according to re by Challenger, Gray & Christmas

Moreover, The rate used to be less than 9%

Trump says he never went to Epstein’s islandIn a press conference yesterday with U (an important development)

Prime Minister Keir Starmer, Trump said he declined an invitation to visit Jeffrey Epstein’s private island. "In one of my very good moments, I turned it down," he said. "I didn't want to go to his island (an important development). " Maxwell appeals to Supreme CourtMeanwhile, Ghislain Maxwell is appealing her conviction to the U

However, Supreme Court

Her lawyers argue that she was covered by the plain language of the plea deal federal secutors struck with Epstein in 2008, which says, “the United States also agrees that it will not institute any criminal charges against any potential co-conspirators of Epstein” (emphasis added)

The Supremes may be tempted to take this case because the federal appeals courts are split on the issue of whether a federal plea agreement struck by one U

Attorney binds others in the system

Nevertheless, The S&P 500 futures were up 0 (this bears monitoring). 25% this morning, premarket, after the index closed up 0. 018% on Monday, hitting another new all-time high at 6,389

STOXX Europe 600 was up 0, given the current landscape

Nevertheless, 56% in early trading

Additionally, ’s FTSE 100 was up 0

Meanwhile, 29% in early trading

Furthermore, Japan’s Nikkei 225 was down 1

China’s CSI 300 Index was up 0 (noteworthy indeed)

This analysis suggests that South Korea KOSPI was up 0

Additionally, India’s Nifty 50 was up 0

Bitcoin is holding above $118K

Nevertheless, From the analystsMacquarie on the Fed: “More generally, the US-EU deal may reduce some of the uncertainty that has tormented central bankers

It may also leave Jay Powell at the Fed with one less excuse to not reduce the Fed Funds Rate target by September, although December remains our economists' baseline point in time,” per Thierry Wizman and Gareth Berry

JPMorgan on earnings beats and misses: “With 32% of S&P 500 companies having reported, 77% are beating 2Q earnings (vs

Last 4Qs, … and 75% are beating revenue estimates (vs

Roughly 62% of companies have had double beats (i, considering recent developments

Sales and net income, vs, in light of current trends

Furthermore, 48% last 4Qs on constant constituents) and 10% of companies have had both revenue misses and earnings misses,” per Dubravko Lakos-Bujas and team

EY-Parthenon on jobs: “We anticipate the US economy added only 40,000 jobs in July, ing a 147,000 gain in June

While private-sector industries are expected to contribute 88,000 new jobs, public sector employment is jected to decline by 48,000

The unemployment rate ly edged higher by 0, in this volatile climate. 2% while the labor force participation rate ly held steady at 62, given the current landscape. 3% amid a tight labor supply,” per Gregory Daco

Moreover, However, JPMorgan on sentiment: “Tariffs are a tax hike on US purchases of foreign goods, but this tax drag is not ly to be large enough to derail the US expansion

On the other hand, However, we have expressed concern that this drag would be magnified by a slide in US and global sentiment,” Bruce Kasman et al

Around the watercoolerTrump-supporter CEO calls out administration’s ethane export ban to China: ‘These kinds of actions rarely hurt the int target and often backfire’ by Jordan BlumFacing Russia’s war on Ukraine, the EU couldn’t risk fighting a trade war with the U. , analyst says by Jason MaGoogle CEO is the newest billionaire: He tells Gen Z the secret to success is putting yourself in uncomfortable situations by Preston ForeA copyright lawsuit over pirated books could result in ‘-ending’ damages for Anthropic by Beatrice NolanCEO Daily is compiled and edited by Joey Abrams and Jim Edwards

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