Tesla, the US electric vehicle giant, says last year's global new car sales dropped for a second straight year. The decline in year-on-year sales means Chinese EV giant BYD has replaced Tesla as the world's largest EV maker.

BYD dethrones Tesla as global EV leader. While Tesla struggles with aging models and political backlash, BYD dominates through vertical integration and affordable options, signaling a decisive shift in automotive power.

Tesla's sales went down after a year of more competition from China, more levies, and lackluster demand in important markets. The company's stock price rose late in 2025, reaching an all-time high of $490 in December after CEO Elon Musk revealed that Texas was testing self-driving cars.

BYD zooms past Tesla Inc in global annual sales with 2.25 million units sold as compared to the 1.64 million units sold by the American brand.

Tesla’s sales fell in the fourth quarter of 2025, as rising competition and the expiration of the federal EV tax credit continued to sap the company’s global ambitions. The sales drop has led to Tesla losing its title as the world’s best-selling EV maker to China’s BYD,

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