China's BYD overtakes Tesla
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For the entire year, the decline looks slightly better with a drop of 8.6 percent year over year. That means Tesla sold 1,636,129 cars in 2025, 153,097 fewer than it managed in 2024. Which in turn is more than it managed to shift in 2023.
After Tesla's annual sales fell 9 percent, BYD can claim the crown, as the Chinese company sold 2 million EVs in 2025.
In addition to a pull-forward in demand in Q3, the company benefited from delivering more vehicles than it produced in the period. Specifically, total third-quarter deliveries were 497,088, and total vehicles produced came in at just 447,450.
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