BMW Gives Tesla a Run for Its Money as EV Sales Take Over

BMW (OTCMKTS: BMWYY ) has made the switch to electric vehicles (EVs) gracefully, as is evidenced by its recent sales growth. Indeed, the German automotive giant almost doubled its EV sales during the final quarter of 2023, reporting 129,316 models sold. That’s a year-over-year (YOY) gain of nearly 48% — and BMW only expects things to get better from here. Looking forward, BMWYY stock is well-positioned to continue riding this wave to new heights, especially as its Chief Financial Officer thinks the company has reached a critical “tipping point” in its transition to EVs. BMW made headlines late in 2023 when it reported higher sales…