Tesla Inc. (NASDAQ:TSLA) has lost its position as the world’s top electric vehicle (EV) maker to China’s BYD Co. Ltd. (OTC:BYDDY) (OTC:BYDDF), after reporting a second year of declining vehicle sales.
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Tesla reported a 9% drop in fully electric vehicle deliveries in 2025, falling to 1.64 million units from 1.79 million in 2024. The decline was driven by intensifying competition, especially from Chinese automakers, and the expiration of U.S. federal EV tax credits that had previously supported demand.
In contrast, BYD surged ahead with a 28% increase in pure EV sales, delivering 2.26 million vehicles in 2025. The Chinese automaker’s growth was fueled by aggressive international …