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BYD rides past Tesla as biggest EV maker
Business Standard
|January 03, 2026
Musk firm’s 2025 sales down 8.6% in 2nd straight fall
Tesla lost its crown as the world’s bestselling electric vehicle (EV) maker on Friday as a customer revolt over Elon Musk’s right-wing politics and stiff overseas competition pushed sales down for a second year in a row.
Tesla Inc vehicle sales fell 8.6 per cent last year. Fourth-quarter deliveries declined 16 per cent to 418,227 vehicles, Tesla said in a statement Friday, trailing analyst estimates compiled by Bloomberg and the company.
BYD, by contrast, increased battery-electric vehicle sales both for the quarter and the full year, delivering almost 2.26 million EVs to Tesla’s 1.64 million.
This story is from the January 03, 2026 edition of Business Standard.
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