Di Yi Cai Jing·2026-01-02 15:17Core Viewpoint - Tesla's fourth-quarter delivery volume decreased by 16% year-on-year to 418,227 vehicles, falling behind China's BYD in the global electric vehicle market [1][2]. Group 1: Tesla's Performance - Tesla's fourth-quarter delivery volume was 418,227 vehicles, which was below analyst expectations and the company's own targets [2]. - For the entire year, Tesla delivered approximately 1.64 million vehicles, significantly lower than BYD's nearly 2.26 million electric vehicle deliveries [2][5]. - The decline in Tesla's delivery volume has raised concerns among Wall Street analysts regarding the company's sales outlook for 2026, with average market expectations dropping from over 3 million vehicles to about 1.8 million [5]. Group 2: BYD's Performance - BYD's electric vehicle sales have shown consistent growth, with the company delivering nearly 2.26 million vehicles in the past year, including over 200,000 plug-in hybrid vehicles [2][5]. - In the fourth quarter of 2024, BYD's pure electric vehicle deliveries surpassed those of Tesla, indicating a growing competitive edge [5]. Group 3: Market Dynamics - Tesla's CEO Elon Musk has attempted to shift focus from declining sales by promoting advancements in autonomous taxi services, although the current availability of such services remains limited [3]. - The overall electric vehicle market is witnessing a shift, with BYD gaining a stronger foothold while Tesla's growth projections are being revised downward [5].