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, expiring U.S. tax breaks for buyers and stiff overseas competition pushed sales down for a second year in a row.
Tesla Inc (NASDAQ:TSLA)'s fourth quarter vehicle deliveries outpaced market expectations, attributed to robust sales of its Standard Model 3 and Model Y. The company reported 418,200 vehicle deliveries for the quarter, slightly below the consensus estimate of 422,900 but well above whisper numbers of roughly 410,000.
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.
Shares of Tesla Inc. are enjoying a premarket upswing on Friday as they head into their first trading day of 2026.
Tesla has lost its crown as the world's bestselling electric vehicle maker.
TSLA has experienced outstanding increases, with over 30% rallies happening 18 times in less than two months, particularly in 2013 and 2024. Numerous occasions also recorded gains surpassing 50% within comparable durations, emphasizing Tesla's capacity for swift price growth.
4.54 million. That is the total number of passenger vehicles BYD delivered in 2025, as unlike Tesla, the Chinese carmaker also makes plug-in hybrids.
Almost all new cars sold in Norway last year were fully electric, according to official registration data published Friday. It puts the Nordic country within touching distance of effectively erasing gasoline and diesel cars from its new car market.
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.
The end of a U.S. subsidy for electric vehicles dented the company's fourth-quarter numbers.
As the largest maker of electric vehicles in the United States, Tesla suffered more than other carmakers from the elimination of federal incentives.
Tesla released its latest quarterly sales figures — and they're worse than Wall Street expected. Elon Musk's automaker saw sales fall by nearly 16% and recorded its second consecutive annual decline.