- Tesla’s Shanghai plant shipped 851,732 vehicles in 2025, a 7% decline from 2024.
- Global fourth-quarter deliveries fell 16% year‑on‑year, contributing to a loss of the top EV-maker position to BYD.
- A December surge raised wholesale sales to 97,171 units, up 3.6% year‑on‑year.
- The December increase was the only month in 2025 when sales rose on a year‑over‑year basis.
- Tesla shares were up more than 1% in pre‑market trading while retail sentiment on Stocktwits remained very bearish.
Data from the China Passenger Car Association (CPCA) show that Tesla’s shipments from its Shanghai plant in 2025 totaled 851,732 vehicles, down 7% from 2024, according to a report. The decline continued a pattern of monthly decreases through much of the year.
The drop in deliveries coincided with a 16% year‑on‑year slip in fourth‑quarter global deliveries, a downturn that helped BYD overtake Tesla as the world’s largest electric‑vehicle maker. That shift occurred after the year‑end delivery figures were released.
Sales did improve in December, when wholesale volumes reached 97,171 units, a 3.6% increase versus the same month a year earlier, according to a separate report. The report noted this was the only month in 2025 when Tesla’s sales rose on a year‑over‑year basis.
Market reaction was modest: Tesla shares rose more than 1% in Monday pre‑market trading. Retail sentiment on Stocktwits, however, trended in the “extremely bearish” range at the time of reporting.
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