Tesla loses title as world's biggest electric vehicle maker as sales fall for second year in a row
AP News••general
Key Points:
- Tesla lost its position as the world's bestselling electric vehicle maker in 2025, delivering 1.64 million vehicles, a 9% decline from the previous year, while Chinese rival BYD sold 2.26 million vehicles to become the top EV maker.
- Sales were negatively impacted by the expiration of a $7,500 U.S. tax credit for electric vehicle purchases and increasing competition overseas, with fourth-quarter sales falling short of analyst expectations.
- Despite declining car sales, investors remain optimistic about CEO Elon Musk’s focus on robotaxi services, energy storage, and humanoid robots, contributing to an 11% stock gain in 2025.
- Tesla has begun rolling out its robotaxi service in Austin and plans
