Chinese electric vehicle maker BYD has overtaken Tesla to become the world’s largest EV-selling company in 2025. BYD’s battery-powered car sales rose nearly 28% to over 2.25 million units during the year. In comparison, Tesla, led by Elon Musk, sold 1.64 million electric vehicles in 2025, marking a 9% decline from 2024. This was the second consecutive year of falling sales for the US automaker. Two Key Reasons Behind Tesla’s Sales Decline According to reports, Tesla’s falling sales can be attributed to two major factors: Sales Fall, but Tesla Stock Gains 18% Despite declining vehicle sales and operational challenges, Tesla’s stock rose about 18% in 2025. The rally reflects investor confidence in the company’s long-term vision. Investors are betting on Tesla’s future technologies, including robo-taxi services and humanoid robots designed to perform basic tasks in homes and offices. On the back of these expectations, Tesla shares also gained around 2% in pre-market trading on Friday. Who Is China’s BYD? BYD, short for “Build Your Dreams,” is a Chinese multinational company engaged in automobile manufacturing and battery production. The company has received backing from Warren Buffett’s Berkshire Hathaway. BYD is known for offering a wide range of affordable electric vehicles, which has helped it gain rapid popularity in China and expand aggressively in global markets. BYD Raises Price of Seal 7 in India BYD has announced a price hike for its luxury electric SUV Seal 7 in India. The company has increased the price of the base Premium variant by ₹50,000, effective January 1, 2026. Customers who booked the vehicle on or before December 31, 2025, however, will continue to get the car at the old price. Post navigation Cigarettes may become costlier by over 15%:Uncertainty still remains over how much cigarette prices will rise per stick, says expert What are FD-based credit cards?:Find out how you can use those to improve your credit score build credit history
