Overview
- Tesla reported 1.64 million deliveries in 2025 and 418,227 in the fourth quarter, a roughly 16% year-over-year Q4 drop that missed analyst expectations.
- BYD sold about 2.26 million battery-electric vehicles in 2025, including roughly 1 million outside China, and delivered about 4.54 million passenger vehicles when counting plug‑in hybrids.
- Industry reports cite the phaseout of the $7,500 U.S. EV credit at the end of September, intensifying competition from Chinese and European brands, and backlash to Elon Musk’s politics as key drags on Tesla demand.
- Despite weaker deliveries, Tesla shares rose about 11% in 2025 as investors focused on robotaxis, energy storage and robotics; limited ride‑hailing pilots are underway in Austin and the Bay Area under regulatory scrutiny.
- Tesla introduced lower-priced versions of the Model 3 and Model Y to bolster demand, and said it deployed a record 14.2 GWh of energy storage in the fourth quarter.