Tesla no longer world's biggest EV maker after its sales drop for second year in a row

January 2, 2026

TL;DR

Tesla's electric vehicle sales dropped for the second year in a row in 2025.
Deliveries decreased by 9% to 1.64 million vehicles in 2025.
Tesla lost its title as the world's bestselling electric vehicle maker to China's BYD, which sold 2.26 million vehicles.
Factors contributing to the decline include the phaseout of a $7,500 federal EV tax credit and increased competition.
Tesla's stock still finished 2025 with an 11% gain, fueled by hopes in its robotaxi and humanoid robot ambitions.
Cheaper versions of the Model Y and Model 3 were introduced in October to help revive sales.
BYD dominates China's EV market and is seeing surging sales in other regions due to lower pricing.

Continue reading the original article