Last updated: 2026-01-02 16:33:01 ET
Tesla annual sales have fallen for the second year in a row, a drop fueled by the removal of the federal tax credit in the U.S. and competition from Chinese automakers.
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Full-year electric vehicle sales figures have dropped for 2025, revealing China's BYD is now officially global top dog.
Tesla's electric vehicle sales fell 9% in 2025 from a year ago amid the expiration of a $7,500 EV U.S. tax credit.
Tesla’s fourth quarter sales fell a lot more than expected
Tesla lost its crown as the world’s bestselling electric vehicle maker on Friday as a customer revolt over Elon Musk’s right-wing politics and stiff overseas competition pushed sales down for a second year in a row
Tesla’s rough year took it to its second straight annual sales decline, and saw it lose its global EV sales leadership to China’s BYD.
As the largest maker of electric vehicles in the United States, Tesla suffered more than other carmakers from the elimination of federal incentives.
Tesla sales fall for the second year in a row
