Tesla loses title as world's biggest electric vehicle maker as sales fall for second year in a row

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Associated Press Finance

Fri, January 2, 2026 astatine 8:19 AM CST 1 min read

NEW YORK (AP) — Tesla mislaid its crown arsenic the world’s bestselling electrical conveyance shaper connected Friday arsenic a lawsuit revolt implicit Elon Musk’s right-wing authorities and stiff overseas contention pushed income down for a 2nd twelvemonth successful a row.

Tesla said that it delivered 1.64 cardinal vehicles successful 2025, down 9% from a twelvemonth earlier.

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Chinese rival BYD, which sold 2.26 vehicles past year, is present the biggest EV maker.

For the 4th quarter, income totaled 418,227, falling abbreviated of the 440,000 that analysts polled by FactSet expected. The income full whitethorn apt person been impacted by the expiration of a $7,500 taxation recognition that was phased retired by the Trump medication astatine the extremity of September.

Even with aggregate issues buffeting the company, the banal finished 2025 with a summation of astir 11%, arsenic investors anticipation Tesla CEO Musk tin present connected his ambitions to marque Tesla a person successful robotaxi work and get consumers to clasp humanoid robots that tin execute basal tasks successful homes and offices.

Shares of Tesla roseate astir 2% earlier the opening doorbell Friday.