Why Tesla’s Market Share Could Plunge In 2023

showed that Democrats are two and a half times as likely as Republicans to consider purchasing an EV. Consider, for example, that staunchly Democratic California alone had more than a third of all new EV registrations from January through September of this year, versus 7.4% for Florida and 6.4% for Texas.

There are a couple of things in Tesla’s favor, though. One is that Tesla’s competitors are still racing to catch up. There just aren’t enough alternatives to meet demand if a substantial fraction of potential Tesla customers decide to look elsewhere. Further, there are still supply chain constraints that continue to hamper the ability of car makers to ramp up production.

OH NO

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