As the largest maker of electric vehicles in the United States, Tesla suffered more than other carmakers from the elimination of federal incentives.

In 2025, Tesla's annual sales dropped 9% from the year prior, the Associated Press and CBS News reported, following widespread backlash to Tesla CEO Elon Musk's conservative politics and his close alignment with President Donald Trump during the first half of 2025. The AP noted that an increased distrust in the vehicles' safety also made an impact.

Tesla on Friday (January 2, 2026) reported lower sales than expected in the fourth quarter of 2025, ceding its position as the world's biggest electric vehicle company in annual sales to Chinese auto ...

Chinese rival BYD, which sold 2.26 million vehicles last year, is now the biggest EV maker.

Tesla published its final production and delivery numbers this morning, and they make for brutal reading.

Tesla Inc. ended last year on a roll, with investors increasingly buying into Elon Musk’s ebullience about autonomous vehicles.

Global EV deliveries declined 16%, to 418,227, for the period that ended Dec. 31 from a year earlier, marking a return to the sharp declines the company had logged early in 2025.