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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Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Only four commodity vessels crossed the Strait of Hormuz on Sunday, following 13 transits a day earlier, as disruptions continue to restrict traffic through the key energy chokepoint.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Russia and Ukraine have exchanged 10 prisoners of war each in Belarus, Moscow's Human Rights Commissioner, Yana Lantratova, has said.
A humanoid robot developed by Chinese smartphone maker Honor has run 100 metres in 9.32 seconds, beating Usain Bolt's men's world record of 9.58 seconds, China's state broadcaster reported on Saturday.
An artificial intelligence agent running an experimental store in San Francisco has recommended dismissing a human employee after the worker repeatedly arrived late for shifts.
Nvidia is teaming up with some of the biggest names in global finance in a move that underscores how artificial intelligence is rapidly becoming one of the world's most sought-after investment themes.
Parts of Europe and the Arctic will briefly fall into darkness on Wednesday, 12 August, as the Moon passes between Earth and the Sun in a total solar eclipse.
Meta said one of its AI models hacked another company's systems during cybersecurity testing, intensifying concerns about how developers can contain increasingly capable AI systems following similar incidents involving Anthropic and OpenAI.
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