"China's BYD has overtaken Elon Musk's Tesla as the world's biggest seller of electric vehicles (EVs), marking the first time it has outpaced its American rival in annual sales. Tesla car sales dropped by nearly 9% in 2025 to 1.64 million vehicles sold worldwide, the carmaker said on Friday - its second consecutive year of falling car deliveries. Those figures placed Tesla behind BYD, which said on Thursday that sales of its battery-powered cars rose last year by almost 28% to more than 2.25 million."
"Musk, who is already the world's richest man, is tasked with significantly boosting Tesla's sales and stock market value over the next decade to secure a record-breaking pay package. The deal, which was approved by shareholders in November, could see him getting a payout of as much as $1tn (740bn). As part of the agreement, Musk also has to sell a million humanoid robots over the next ten years."
"Tesla's car sales fell 16% during the last three months of 2025. The drop was partly due to the repeal of a government subsidy that had helped knock as much as $7,500 (5,570) off the price of certain battery electric, plug-in hybrid or fuel cell vehicles. Wall Street analysts have recently lowered their Tesla sales estimates for 2026, signalling an increasingly gloomy outlook."
BYD became the world's largest seller of electric vehicles in 2025 after selling more than 2.25 million battery-powered cars, a rise of almost 28%. Tesla's global deliveries fell nearly 9% to 1.64 million in 2025, its second consecutive annual decline, with a 16% drop in the final quarter. The fall was partly attributed to the repeal of a government subsidy that had reduced prices by up to $7,500. Intensifying competition from Chinese manufacturers and mixed reception to new Tesla models pressured sales. Tesla introduced lower-priced versions of top models, while Musk faces targets tied to a record pay package and robot sales.
Read at www.bbc.com
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