Xin Lang Cai Jing·2026-01-07 02:35Core Viewpoint - Tesla's stock experienced a significant decline, dropping 4.14% to $432.96 per share, resulting in a market capitalization decrease of $66.23 billion, equivalent to over 43.46 billion yuan, as the company faces declining sales and increased competition from BYD [2] Group 1: Tesla's Performance - In 2025, Tesla's global vehicle deliveries are projected to be 1.636 million, a year-on-year decrease of approximately 8.6%, marking the second consecutive year of declining sales [2] - Tesla's total market value fell to $1.44 trillion, with a loss of $66.23 billion in a single day [2] - Tesla's fourth-quarter delivery forecast was pessimistic, with an average expected delivery of 422,850 vehicles, reflecting a year-on-year decline of 15% [4] Group 2: Competition with BYD - BYD surpassed Tesla in annual electric vehicle sales for the first time, with total sales of 4.6024 million vehicles in 2025, a year-on-year increase of 7.73% [2] - In December 2025, BYD's sales of new energy vehicles reached 420,000, while Tesla's sales in the same month were significantly lower [2] - In Germany, BYD's new car registrations in December 2025 were more than double that of Tesla, with BYD's sales growing sevenfold to 23,306 vehicles, while Tesla's sales nearly halved to 19,390 vehicles [3] Group 3: Market Trends and Challenges - Tesla's new car registrations in Europe saw a decline, with an 11.8% year-on-year drop in November 2025 and a 28% decrease over the first eleven months of the year [3] - The company's market share in the EU dropped to 1.3%, with a nearly 34.2% decline in new car registrations in November 2025 [3] - Factors contributing to Tesla's declining delivery volumes include changes in U.S. federal tax incentives and intensified global competition [3]