Energy Business

Tesla’s 2025 saw declining vehicle deliveries, with Q4 figures missing expectations and full-year deliveries down 8.6%. Intensifying global competition, particularly from BYD, coupled with shifts in US federal EV incentives, impacted sales. Despite these challenges, Tesla’s energy business and investor confidence in Elon Musk’s long-term vision, including robotaxis and humanoid robots, buoyed its stock. The company faces weakening market share in Europe but sees potential in emerging markets and a new Model Y variant.