2025 Annual Sales Fall Short of Tesla, Ceding Electric Vehicle (EV) Leadership to BYD
(AFP, Washington, 2nd) Tesla today announced its 2025 sales figures, which showed a decline, officially ceding the title of the world's largest electric vehicle manufacturer to Chinese automaker BYD.
Under the leadership of Elon Musk, Tesla delivered 418,227 electric vehicles in the fourth quarter of 2025, with a total annual sales of approximately 1.64 million units.
Tesla's 2025 sales declined by more than 8 percentage points compared to 2024.
BYD announced the day before that it sold 2.26 million electric vehicles in 2025.
Market research institutions such as FactSet had originally expected Tesla's fourth-quarter sales to decline slightly, still reaching 449,000 units, but Tesla's results today were lower than market expectations.
The Trump administration announced the cancellation of the $7,500 federal electric vehicle tax credit at the end of September 2025. Industry observers point out that the demand for electric vehicles in the United States may take some time to stabilize again.
However, before the cancellation of the US car purchase incentives, Tesla's sales in some key markets had already been affected due to Elon Musk's close ties with US President Trump and other far-right political figures.
Tesla is also facing increasingly fierce competition from BYD and other Chinese automakers, as well as European automakers.
Original: toutiao.com/article/1853287673235931/
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