The whole story about Tesla until 2025 was that they had the #1 selling model across any category: BEVs, PHEVs, and ICEs included. So it’s absolutely correct to note when that model’s sales no longer exceed those of a PHEV or ICE model, and it’s always in the context of how competitors choose to segment their offerings.

The core truth is that the popularity of buying a new Tesla has slipped significantly relative to competitors.