特斯拉全年交付数据出炉，以巨大劣势丢掉全球电车销冠王座

Core Insights - Tesla has lost its title as the world's top electric vehicle seller, with Q4 2025 deliveries of 418,227 vehicles, falling short of expectations [1][5] - The company delivered a total of 1,636,129 vehicles in 2025, which is lower than the previous year's total of 1,789,226 vehicles, marking a year-over-year decline of 8.6% [1][5] - In contrast, BYD, a leading Chinese electric vehicle manufacturer, reported a 27.86% increase in sales, delivering 2,256,700 vehicles in 2025 [5] Production and Deliveries - In Q4 2025, Tesla produced 434,358 vehicles, with Model 3/Y accounting for 422,652 units and other models contributing 11,706 units [3] - For the entire year of 2025, Tesla's production totaled 1,654,667 vehicles, with Model 3/Y at 1,600,767 units and other models at 53,900 units [4] Market Position and Competition - Tesla currently holds a 45% market share in the U.S. electric vehicle market, benefiting from previous government policies promoting clean energy [5] - The company is facing increasing competition from traditional automakers, such as Volkswagen, which has surpassed Tesla in electric vehicle sales in Europe [5] Strategic Shifts and Future Outlook - CEO Elon Musk is shifting focus towards Robotaxi services, AI, and robotics to support the company's stock price, despite limited consumer access to Robotaxi services [6] - Tesla deployed 14.2 GWh of energy storage products in Q4 2025, an increase from 12.5 GWh in the previous quarter, and a total of 46.7 GWh for the year [6] - Analysts predict a challenging outlook for U.S. electric vehicle sales in 2026, with expectations for Tesla's annual deliveries dropping to around 1.8 million vehicles [7]