In early January 2026, Tesla reported Q4 2025 production of 434,358 vehicles and deliveries of 418,227, bringing full‑year deliveries to 1.64 million, its second consecutive annual sales decline and confirming that China’s BYD has overtaken it as the world’s largest EV seller. This shift signals a maturing EV market where Tesla’s core automotive volumes face mounting competition and weaker incentives, even as its fast‑growing energy storage and autonomy efforts gain more investor…
