Tesla Inc. suffered another big drop in its China wholesales last month as BYD Co. pulled further ahead in the world’s biggest electric-vehicle market.

Tesla's sales of its China-made electric vehicles fell 28.7% in the first two months of 2025 from a year earlier, data showed on Tuesday, as the U.S. automaker faces pressure from Chinese rivals in a relentless smart EV price war.

Tesla suffered another big drop in its China wholesales last month as BYD pulled further ahead in the world’s biggest electric-vehicle market. Its shares plunged more than 6 per cent in early trade in New York.