Tesla has lost its crown as the world's bestselling electric vehicle maker.
Tesla said that it delivered 1.64 million vehicles in 2025, a decrease of 9% from a year earlier.
Chinese rival BYD, which sold 2.26 million vehicles last year, is now the biggest EV maker.
Tesla sales totalled 418,227 between October and December, falling short of the 440,000 that analysts polled by FactSet expected.
Shares of Tesla rose almost 2% before the opening bell on Friday, with stock mostly unchanged at $450.27 in early trading.
The new Model Y costs just under $40,000 (£30,000) while customers can buy the cheaper Model 3 for under $37,000 (£27,000).
The new versions are aimed at helping Tesla to compete with Chinese models in Europe and Asia. »