Tesla, once the top seller of electric vehicles, lost first place to China’s BYD after reporting annual vehicle delivery declines for the second year in a row. Tesla sales were down 9% for all of 2025 and dropped 16% for the fourth quarter compared with a year prior.

China's BYD is set to overtake Elon Musk's Tesla as the world's biggest seller of electric vehicles (EVs), marking the first time it has outpaced its American rival for annual sales.

BYD sold 2.26m battery electric cars during the year, easily outstripping the 1.63m deliveries reported on Friday by Tesla for the same period.

The company lost its title as the world’s bestselling EV maker to BYD.

Tesla (TSLA.O) ceded its crown as the world's top electric vehicle maker to China's BYD (002594.SZ), after annual sales fell for a second year, hit by rising competition, the expiry of U.S. tax credit...