Tesla reported a 9% decline in electric vehicle sales for 2025, delivering 1.64 million vehicles and losing its status as the world’s top EV maker to BYD, which sold 2.26 million vehicles. The drop is attributed to the expiration of a $7,500 federal tax credit and increased competition, notably from BYD. Despite the sales dip, Tesla’s stock rose 11%, buoyed by investor optimism about its future in robotics and energy. The introduction of more affordable Model Y and Model 3 variants aims to boost sales in competitive markets.
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