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yesterday

BYD Poised to Unseat Tesla as 2025 Global EV Sales Leader

Analyst forecasts based on year-to-date tallies point to a decisive lead after the U.S. EV tax credit expired.

(FILES) This photo taken on April 18, 2024 shows BYD electric cars for export waiting to be loaded onto a ship at a port in Yantai, in eastern China's Shandong province. Chinese battery and carmaker BYD saw a surge in revenue last year, a stock filing showed on March 24, 2025, surpassing the $100 billion mark and beating rival Tesla as the Shenzhen-based firm accelerates its overseas expansion. (Photo by AFP) / China OUT
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BYD se perfila para rebasar a Tesla en ventas anuales de autos 100% eléctricos en 2025, mientras la firma de Elon Musk enfrenta un cierre de año con menor demanda y mayor presión competitiva.

Overview

  • BYD sold about 2.07 million electric vehicles through November 2025, outpacing Tesla’s roughly 1.22 million reported through September.
  • FactSet projects Tesla’s fourth-quarter deliveries at about 449,000 while Deutsche Bank estimates around 405,000, implying roughly 1.65 million for the year at the high end.
  • Tesla’s third-quarter spike preceded the lapse of the $7,500 U.S. incentive at the end of September, after which demand cooled in North America and Europe.
  • Analysts also cite brand headwinds tied to Elon Musk’s political visibility and intensifying competition from Chinese and European automakers.
  • BYD is expanding manufacturing abroad, including a plant in Hungary, to counter tariffs in the U.S. and Europe, while Tesla emphasizes FSD progress and targets Cybercab robotaxi production in April 2026 as stated by Musk.