Tesla loses top global EV spot to Chinese rivals as sales decline.

According to recent sales data, Chinese competitors like BYD have surpassed Tesla in global volume, causing it to lose its position as the world's leading manufacturer of electric vehicles for the first time. The change comes after Tesla's sales declined for two years in a row due to fierce competition, price pressure, and delayed model launches. Despite the decline, Tesla is still a significant player in the market thanks to its robust U.S. presence and continuous advancements in self-driving and battery technology.