Overview
- Tesla reported 1.64 million deliveries in 2025, down about 9% from 2024, with fourth-quarter deliveries of 418,227 missing FactSet expectations.
- BYD said it sold about 2.26 million electric vehicles last year, nearly 28% growth, helped by rapid expansion abroad including roughly 1 million sales outside China.
- Analysts and reports pointed to the Sept. 30 end of the $7,500 U.S. federal EV credit and expanding model lineups from Chinese and legacy automakers as major demand headwinds for Tesla.
- News coverage also cited consumer backlash over Elon Musk’s political activities in the U.S. and Europe as an additional drag on Tesla’s brand and sales.
- Investors focused on Tesla’s pivot to robotaxis, AI, energy storage and humanoid robots, leaving shares up roughly 11% in 2025 as markets await late-January earnings and updates on autonomous-service approvals.