Tesla’s sales fell in the fourth quarter of 2025, as rising competition and the expiration of the federal EV tax credit continued to sap the company’s global ambitions. The sales drop has led to Tesla losing its title as the world’s best-selling EV maker to China’s BYD, which sold 2.26 million vehicles last year.
The disappointing sales report raises the question whether Tesla can reverse its downward fortune and achieve its goals of deploying self-driving cars and humanoid robots, both of which have buoyed the company’s valuation for many years.
Tesla reported delivering 418,227 vehicles in the fourth quarter, down 15.6 percent compared …