Why Tesla’s Market Share Could Plunge In 2023

  • 📰 Forbes
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 53%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

A recent report shows that competitors are gaining on Tesla, but there is another reason Tesla risks losing significant market share 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Don't know about that...but surely a sad sagging Tesla logo now is given below

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Columbus housing market forecast strong for 2023, despite drop in salesColumbus-area home sales continued to drop sharply in November, as high interest rates and an uncertain economy kept buyers at bay.
Source: DispatchAlerts - 🏆 72. / 68 Read more »

Receding share buybacks imperil ‘pillar of support’ for U.S. stock market in 2023Stock buybacks may be peaking, removing ‘a potential pillar of support’ for earnings per share in 2023, according to RBC Capital Markets. They weren't pillars of support. They were devices used to inflate bubbles and pay C-suite executives their ill gotten gains. But I understand that you are paid to promote that. It's your job.
Source: MarketWatch - 🏆 3. / 97 Read more »

Millionaires predict gloomy US stock market will get much worse in 2023Bearish sentiment has hit its highest level since the Great Recession, according to a CNBC survey. LetsGoBrandon. Probably will get worse until a Republican is back in office This was 100% preventable.
Source: nypost - 🏆 91. / 67 Read more »

Bear market likely to last in 2023 as Fed raises interest rates higherThe Federal Reserve is likely to trigger a recession in 2023, further rattling the U.S. stock market and sending equities lower, according to one analyst. You said that last year BidenDestroysAmerica Bank of Japan?
Source: FoxBusiness - 🏆 458. / 53 Read more »