Tesla Reclaims No. 1 Global BEV Spot With 13% Q1 Share

Tesla reclaimed the top position in the global battery EV market in Q1 2026, lifting its share to nearly 13% from 10% in Q4 2025 as sales rose 6% year-over-year. The move follows investor Ross Gerber’s May 27 assessment that demand had bottomed, aided by Iran war-driven gasoline price spikes that boosted EV interest. Counterpoint data showed the overall BEV market grew just 5% while BYD’s sales plunged 25%, shrinking its share to 11%. Tesla shares traded modestly lower in premarket after the data release.