Tesla Is Losing Market Share. This Is How Much It's Down

The weakening of Tesla EV deliveries during the first quarter of 2024 undermined the company's global market share. According to the industry data , highlighted by Tesla in its Q1 financial report, the brand's market share in the United States/Canada slightly decreased from a peak of 4% at the end of 2023. We can estimate from the graph that the current number is closer to 3.8%. Get Fully Charged Tesla EV sales growth slows down In 2023, Tesla delivered a record number of over 1.

Tesla repeated its previous explanation: 'Our company is currently between two major growth waves: the first one began with the global expansion of the Model 3/Y platform and we believe the next one will be initiated by advances in autonomy and introduction of new products, including those built on our next generation vehicle platform.

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