As that tweet above shows, Tesla’s share of the overall auto market also declined a bit in the most recent quarter. There are some likely reasons for that. For one, Tesla did have factory or production line shutdowns in the second quarter that reduced Tesla’s production output. Additionally, auto companies started rebounding a bit from the supply chain crises they’ve been facing.
Similarly, after a steady climb in auto market share in China from Q2 2020 to Q1 2022 , Tesla slipped up a little bit in Q2 2022 and fell to 1.9% share. Again, that’s a minimal decline and could be explained by some temporary production issues. But in Europe, the change was dramatic. Tesla climbed up to 2.1% of Europe’s auto market by Q4 2021 , with the steady upward climb starting from 0.7% in Q2 2022. But in Q2 2022, almost all of that gain was lost as Tesla dropped to 0.9% of the auto market.We certainly don’t know where things are headed in the future. Aside from potential explanations for the drop in market share described above, one might also bring up that Tesla started shipping vehicles to several new markets.