DST News: China’s BYD has overtaken Tesla to become the world’s largest electric vehicle seller, ending Tesla’s lead for the first time. Tesla said global sales fell nearly 9% in 2025 to 1.64 million vehicles, while BYD reported a 28% rise to more than 2.25 million EVs.

Tesla has faced declining demand, tougher competition from cheaper Chinese rivals, the end of US subsidies, and investor concerns over Elon Musk’s political activities. Sales dropped sharply in late 2025, prompting Tesla to launch lower-priced models.

Analysts have cut Tesla’s 2026 sales forecasts, though some remain optimistic about future growth driven by self-driving technology and robotaxis.

Source: BBC