After more than a decade as the undisputed electric-vehicle leader, Tesla has been overtaken by China’s BYD in annual global EV sales. In 2025 Tesla delivered 1.64 million fully electric vehicles, a 9% decline from 1.79 million in 2024, while BYD surged 28% to 2.26 million units. BYD’s growth was driven by aggressive expansion into European and other overseas markets, particularly with lower-priced models that capitalized on waning U.S. federal tax credits. Tesla’s refreshed Model Y variants have not regained its sales momentum in the face of intensifying competition and tightening incentives.

Greenbush Financial Group increased its stake in Tesla by 9.5% in the third quarter, purchasing 1,160 additional shares and raising its total to 13,348 shares, now accounting for 2.3% of its portfolio and ranking Tesla as its 16th largest holding. That position was valued at approximately $5.94 million as of the latest SEC filing. Meanwhile, Director Kimbal Musk sold 56,820 shares for proceeds exceeding $25 million, reducing his holdings by 3.9%, and CFO Vaibhav Taneja sold 2,637 shares for roughly $1.17 million, a 16.1% reduction. Institutional ownership remains high, with hedge funds controlling roughly two-thirds of shares.

Tesla’s fourth-quarter vehicle deliveries fell 16% year-over-year to 418,227 units, below consensus estimates of 426,000, while production totaled 434,358 vehicles. Full-year deliveries dropped 8.6% to 1.64 million, marking the second consecutive annual decline. Wall Street’s 32-analyst consensus rating on Tesla stands at “Hold,” with an average 12-month price target implying downside of just over 10%. Ratings include 13 buys, 10 holds and nine sells. Key bullish drivers cited are energy storage deployments—up 46.7 gigawatt-hours in Q4—and progressing autonomy and AI initiatives, though valuation and execution risks remain under scrutiny.