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Fortune
Fortune
Paul Harloff, Bernard Condon, The Associated Press

Elon Musk promised a ‘major rebound’ for Tesla in 2025. Instead it fell behind its biggest rival from China

tesla (Credit: AP Photo/Lynne Sladky, File)

Tesla lost its crown as the world’s bestselling electric vehicle maker on Friday as a customer revolt over Elon Musk’s right-wing politics, expiring U.S. tax breaks for buyers and stiff overseas competition pushed sales down for a second year in a row.

Tesla said that it delivered 1.64 million vehicles in 2025, down 9% from a year earlier.

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