Tesla delivered 1.64 million vehicles in 2025, down 9%, as BYD becomes the top EV maker.
Tesla has lost its position as the world’s bestselling electric vehicle maker after delivering 1.64 million cars in 2025, a 9% decline from the previous year. Chinese rival BYD sold 2.26 million vehicles last year, taking the top spot.
The drop comes amid stiff overseas competition, a phase-out of the $7,500 U.S. tax credit for EV buyers, and controversy surrounding CEO Elon Musk’s political activities. Fourth-quarter sales totaled 418,227, below analysts’ expectations of 440,000, despite the introduction of cheaper Model Y and Model 3 versions in October.
The new Model Y starts under $40,000, and the Model 3 under $37,000, aiming to boost Tesla’s competitiveness in Europe and Asia. Tesla stock finished 2025 with an 11% gain, reflecting investor confidence in Musk’s ambitions for robotaxi services and humanoid robots for home and office tasks.
Analysts forecast a 3% drop in sales and a nearly 40% fall in earnings per share for the fourth-quarter results due in late January, though they expect a rebound later in 2026.
Musk also secured a $1 trillion pay package contingent on Tesla hitting ambitious targets over the next decade, following a favorable Delaware Supreme Court ruling on a prior $550 billion package.
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Four people were killed, including a child, in Ukrainian strikes on the Russian port city of Novorossiysk overnight, according to the governor of the Krasnodar region. Ukraine's drone forces commander, Robert Brovdi, said Russian military ships were destroyed in the attacks.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Wildfires have broken out in Türkiye’s Antalya province, forcing hundreds of people to evacuate as strong winds fuelled the flames.
Iran’s Revolutionary Guards (IRGC) said on Wednesday they attacked two U.S. vessels and eight oil tankers in the Persian Gulf, calling the strikes a response to a U.S. attack on five Iranian tankers.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
GITEX AI Türkiye opened in Istanbul on Wednesday, bringing the international technology exhibition network to the country for the first time.
A former OpenAI and Anthropic researcher has quit his job with a stark warning: the companies building some of the world’s most powerful artificial intelligence (AI) systems are racing towards technology they themselves fear could threaten humanity.
Nobel laureate Geoffrey Hinton has warned against rushing to develop artificial superintelligence, arguing that scientists still do not know how to ensure systems more capable than humans remain safe and under control.
The United States and China are preparing to hold their first official bilateral talks focused exclusively on artificial intelligence as concerns grow over the risks posed by increasingly capable AI systems.
AI may live in the cloud, but the infrastructure powering it is anything but virtual. As data centres consume ever more electricity and water, the race is on to find new ways to keep the machines running.
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