Annual sales fell by 8.6%, with Tesla "handing over" the electric vehicle crown to BYD
Tesla (TSLA.O) saw its vehicle sales drop 8.6% last year, leaving the Musk-led company far behind BYD in the global rankings of electric vehicle manufacturers. Tesla The company said in a statement Friday that its fourth-quarter deliveries fell 16% to 418,227 vehicles, missing analysts’ expectations. By contrast, BYD’s electric vehicle sales rose both for the quarter and the full year, with nearly 2.26 million electric vehicles delivered for the year, while Tesla’s electric vehicle sales totaled 1.64 million.Wall Street is now increasingly skeptical about Tesla’s sales outlook for 2026. Two years ago at this time, analysts predicted Tesla would deliver over 3 million vehicles; today, the average forecast has plummeted to about 1.8 million.
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