Tesla (NASDAQ: TSLA) has officially lost its position as the top-selling electric vehicle maker in China to rival BYD. In the first quarter of 2025, BYD sold 300,114 battery electric vehicles in China, outpacing Tesla’s 294,218 units. This marks a shift in momentum for the Chinese automaker, which previously led globally in EV sales for Q4 2024 but now has firmly taken the domestic lead as well. The development underscores the growing pressure Tesla faces in the world’s largest EV market, where local competitors are rapidly scaling up production and offering more affordable models.
Tesla shares are trading lower, currently priced at $173.88, reflecting a decline of 1.6% as investors react to the competitive developments in China.
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