BYD Overtakes Tesla as Leading EV Manufacturer Amid Sales Decline
TL;DR
Tesla lost its position as the world's top EV seller to China's BYD in 2025 due to a 9% sales decline, while BYD's sales surged, especially in China and Europe. Tesla's focus has shifted towards AI and robotics, with concerns about future EV demand in the US following the end of federal incentives. Despite the sales drop, Tesla's energy storage business remains strong, and the company is developing new vehicles like the Cybertruck and Cybercab, with CEO Elon Musk optimistic about 2026.
- Tesla Loses EV Crown to BYD After Second Annual Sales Drop Bloomberg.com
- The world has a new EV king. It’s not Tesla CNN
- Tesla falls behind China’s BYD as top EV maker after second year of declining sales The Hill
- Tesla Car Sales Dropped 9% in 2025, Falling Behind China’s BYD The New York Times
- Tesla sales fall to lowest point since 2022 after Elon Musk backlash Axios
Want the full story? Read the original reporting
Read on Bloomberg.com