"Tesla lost its crown as the world's bestselling electric vehicle maker on Friday as a customer revolt over Elon Musk's right-wing politics, expiring U.S. tax breaks for buyers 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 9% from a year earlier. Chinese rival BYD, which sold 2.26 million vehicles last year, is now the biggest EV maker."
"For the fourth quarter, Tesla sales totaled 418,227, falling short of even the much reduced 440,000 target that analysts recently polled by FactSet had expected. Sales were hit hard by the expiration of a $7,500 tax credit for electric vehicle purchases that was phased out by the Trump administration at the end of September. Tesla stock fell 2.6% to $438.07 on Friday."
Tesla delivered 1.64 million vehicles in 2025, a 9% decline from 2024. Chinese rival BYD sold 2.26 million vehicles and became the world's largest EV maker. Sales fell for a second consecutive year amid a customer backlash over Elon Musk's right-wing politics, the expiration of a $7,500 U.S. EV tax credit at the end of September, and strengthening overseas competition. Fourth-quarter deliveries totaled 418,227, missing the 440,000 analyst target. Tesla stock dropped 2.6% to $438.07 on the sales news but finished 2025 up about 11% as investors remain optimistic about Tesla's robotaxi and humanoid-robot ambitions. Tesla introduced lower-priced Model Y and Model 3 variants under $40,000 to spur demand.
Read at Fortune
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