Tesla's Market Share Improved Slightly In Q3 2022

's market share in the US/Canada appears to be somewhere around 3.3% and is moving toward 3.5%.

The main reason for that appears to be various challenges in those two markets . The European market was mostly supplied from China . On top of that, Europe deals with Russia's invasion of Ukraine, which affects almost all areas of the economy. With an ongoing expansion of manufacturing capacity at the two main plants - one in California and one in China, plus the ramp-up at the two newer plants - one in Texas and one in Germany - Tesla is expected to further increase sales in Q4. That should take the company to an even higher market share."We plan to grow our manufacturing capacity as quickly as possible. Over a multi-year horizon, we expect to achieve 50% average annual growth in vehicle deliveries.

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