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Tesla lost its title as the world's top-selling electric vehicle (EV) maker on Friday as a consumer outcry over Elon Musk's right-wing policies and fierce overseas competition caused sales to fall for the second year in a row.
Tesla said it delivered 1.64 million vehicles in 2025, down nine percent from the year before.
Chinese rival BYD, which sold 2.26 million vehicles last year, is now the world's largest electric vehicle maker.
Tesla's fourth-quarter sales were 418,227, below the 440,000 expected by analysts polled by FactSet. Overall sales were likely impacted by the expiration of the $7,500 U.S. tax credit, which was eliminated by the Trump administration at the end of September.
Despite numerous problems rocking the company, the stock ended 2025 with a gain of about 11 percent as investors hope Tesla CEO Musk can realize his ambitions of making Tesla a leader in robotaxi services and convincing consumers to embrace humanoid robots that can perform basic tasks in homes and offices.
Tesla shares rose nearly two percent before the opening bell on Friday.
