Musk's Mocked BYD Beats Tesla: China's EV King Reigns Supreme

• BYD surpassed Tesla as the world's largest EV carmaker in 2025, delivering 2.26 million vehicles compared to Tesla's 1.64 million.
• Tesla's sales declined for the second consecutive year, with Q4 deliveries down 16% and full-year 2025 sales dropping 8.6%.
• Elon Musk had previously mocked BYD, refusing to consider it a competitor, a stance now challenged by BYD's dominance.
• Despite weak sales, Tesla's shares rose 11% in 2025, as investors view it more as an AI and autonomous mobility company.
• US market challenges, including eliminated federal subsidies and relaxed regulations under Donald Trump, pressured Tesla's EV demand.

Why It Matters: BYD has decisively overtaken Tesla in EV sales, highlighting a significant shift in the global electric vehicle market.