Tesla misplaced its throne because the world’s largest electrical car maker after reporting a brutal fourth quarter that noticed gross sales drop 16 % to 418,000 automobiles. China’s BYD took the highest spot with 2.26 million EVs bought globally in 2025, up 28 % from final yr.
The collapse got here after the September elimination of the $7,500 federal EV tax credit score sparked a third-quarter shopping for frenzy that cannibalized year-end gross sales. Tesla’s stale product lineup additionally didn’t assist. The Mannequin Y hasn’t seen main updates since its 2020 launch, and the Cybertruck delivered a paltry 11,642 items in This fall after as soon as promising over 200,000 annual gross sales.
However Wall Road stays unfazed, holding Tesla inventory close to document highs as traders wager on Elon Musk‘s robotaxi and humanoid robotic imaginative and prescient reasonably than precise automobile gross sales. The corporate has quietly deserted its formidable 20-million-vehicles-by-2030 goal.
Tesla misplaced its throne because the world’s largest electrical car maker after reporting a brutal fourth quarter that noticed gross sales drop 16 % to 418,000 automobiles. China’s BYD took the highest spot with 2.26 million EVs bought globally in 2025, up 28 % from final yr.
The collapse got here after the September elimination of the $7,500 federal EV tax credit score sparked a third-quarter shopping for frenzy that cannibalized year-end gross sales. Tesla’s stale product lineup additionally didn’t assist. The Mannequin Y hasn’t seen main updates since its 2020 launch, and the Cybertruck delivered a paltry 11,642 items in This fall after as soon as promising over 200,000 annual gross sales.
However Wall Road stays unfazed, holding Tesla inventory close to document highs as traders wager on Elon Musk‘s robotaxi and humanoid robotic imaginative and prescient reasonably than precise automobile gross sales. The corporate has quietly deserted its formidable 20-million-vehicles-by-2030 goal.
