"Tesla lost its crown as the world's bestselling electric vehicle (EV) maker on Friday as a customer revolt over Elon Musk's right-wing politics and stiff overseas competition pushed sales down for a second year in a row. Tesla said that it delivered 1.64 million vehicles in 2025, down nine per cent from a year earlier. Chinese rival BYD, which sold 2.26 million vehicles last year, is now the world's biggest EV maker."
"For the fourth quarter, Tesla sales totalled 418,227, falling short of the 440,000 that analysts polled by FactSet expected. The sales total may likely have been impacted by the expiration of a $7,500 US tax credit that was phased out by the Trump administration at the end of September. Even with multiple issues buffeting the company, the stock finished 2025 with a gain of approximately 11 per cent, as investors hope Tesla CEO Musk can deliver on his ambitions to make Tesla a leader"
Tesla's global deliveries fell to 1.64 million vehicles in 2025, a nine per cent decline from the prior year, costing the company its position as the world's bestselling EV maker. Chinese rival BYD sold 2.26 million vehicles and became the largest EV manufacturer. Fourth-quarter deliveries totaled 418,227, below analyst forecasts of 440,000, with the phase-out of a $7,500 US tax credit likely contributing to the shortfall. Despite operational and reputational headwinds, Tesla's stock rose about 11% for the year as investors bet on future robotaxi and humanoid-robot ambitions.
Read at www.cbc.ca
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