Tesla retakes global EV sales No. 1 from BYD in Q1 2026

Tesla delivered 358,023 vehicles in Q1 2026, up 6.5% YoY, while BYD's pure-EV deliveries fell 25% to 310,389. Analysts point to China's reduced NEV subsidy cap, 20,000 yuan or about $2,905, as a direct hit to BYD's domestic demand.