According to AFP (Asia-Pacific at Fitch Ratings), BYD will be the first company to sell more all-electric vehicles than any other company worldwide, thanks to its fast international growth and the hostile political situation, as well as the growing number of restrictions facing Tesla in the US and other countries.
By 2025, BYD will become the leading manufacturer of electric cars over Tesla. Recent reports show that BYD has assumed a leadership position and Tesla has a very slim chance of gaining ground on them yet the two companies are projected to release their annual sales records shortly.
By the end of November, the Shenzhen-based company became the first to sell 2,066,002 all-electric vehicles. Hybrid vehicles are also offered by them. As of September’s end, Tesla’s sales reached 1,217,902 electric vehicles.
During the third quarter, the American manufacturer experienced improved sales as some tax incentives expired in the US thus encouraging numerous customers to make their orders. Globally, shipments amounted to 497,099 vehicles, representing a 7 percent growth in a year.
Analysts can forecast a decline in the fourth quarter. Tesla is estimated to sell 1.65 million vehicles in total in 2025, and this is a decrease of almost 7 percent. The sales will be at 449,000, falling by 9.48% in Q4 2025 compared to Q4 2024.
BYD’s sales had already exceeded this annual forecast by November 30th.
The UBS analysts foresee 415,000 Tesla vehicle deliveries in the fourth quarter, compared to 405,000 in the book of Deutsche Bank. This indicates that there may be a large discrepancy in the final figures. These projections have recently been re-evaluated to the downside. Deutsche Bank was registering dismal sales in three countries, namely North America (-33%), Europe (-34%), and China (-10%).
TD Cowen analysts are feeling more upbeat about Tesla’s fourth-quarter sales of 429,000 vehicles. However, analyst Itay Michaeli acknowledges that the company faced a”a little difficult” quarter due to the expiration of some tax advantages.
Tesla’s deliveries will show signs of slowdown in the fourth quarter. Dan Ives, a director at Wedbush Securities, states that 420,000 vehicles should be enough to show stable demand as anticipation for autonomous driving in 2026 grows.
Sales for the Austin, Texas-based firm have been hurt by heightened competition, an unanticipated halt in the shift to electric vehicles, and President Trump’s policies since his reelection in January. The strong association between Trump and Elon Musk, CEO of Tesla, during and after his inauguration, cast a shadow over the firm, leading to anti-Muslim sentiment, protests, and vandalism. Sales have crumbled in Europe and show no signs of recovery.
Despite a decline in domestic profitability due to cautious consumers, the company’s primary competitor in China has maintained its impressive growth. The business is making concerted efforts to disappear from global markets.
According to Jing Yang, director for Asia-Pacific at Fitch Ratings, BYD is “one of the pioneers in setting up overseas electric vehicle production and supply units,” as reported by AFP. BYD will likely benefit from that geography as it navigates the ever-changing pricing landscape.
