tech
January 2, 2026
China’s BYD overtakes Tesla as world’s top EV seller for the first time
The milestone caps an extraordinary rise for BYD, a company Tesla's Elon Musk once dismissed by laughing at their products.
TL;DR
- BYD has become the world's biggest seller of electric vehicles on a calendar-year basis.
- BYD reported sales of 2.26 million battery-powered cars, a nearly 28% increase.
- Elon Musk had previously dismissed BYD as a competitor, questioning their product quality in 2011.
- Tesla delivered 1.64 million vehicles in 2025, marking an 8% drop from 2024.
- Tesla experienced a decline in deliveries for Q4 2025 compared to Q4 2024.
- Tesla's stock price recovered after testing driverless vehicles in Austin, Texas.
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