Tesla Loses Title As World's Biggest Electric Vehicle Maker As Sales Fall For Second Year In A Row
Tesla has lost its position as the world’s top electric vehicle maker after global sales fell for the second consecutive year. Chinese automaker BYD has overtaken Tesla in total EV sales, amid expiring US tax incentives, rising competition, and backlash over Elon Musk’s politics. Despite the slowdown, investors remain optimistic about Tesla’s future in robotaxis, AI, and robotics.
