Tesla still dominant, but its US market share is eroding as cheaper EVs arrive

A drop in Tesla's U.S. market share was expected, but the rate of the decline could be concerning for investors in Elon Musk's autos and energy company. As Musk focuses attention on fixing his recently acquired, Tesla shares traded around $180 mid-day Tuesday. Tesla's stock has declined by almost half year-to-date.

During the company's third-quarter earnings call in October, Musk said Tesla was finally working on a new, more affordable model that he first teased in 2020. Stephanie Brinley, associate director of AutoIntelligence for S&P Global Mobility, noted that Tesla's unit sales are expected to increase in coming years despite the decline in its market share.

The majority of the EVs registered through September − or nearly 340,000 − were Teslas, according to S&P. The remaining vehicles were divided, very unevenly, among 46 other nameplates.

Goodie

I just left the Tesla market for another EV because of Elons political BS.

eroding? 🤦🏻‍♂️

Tesla will lose30% of their marketshare by 2028 when Ford, GM and the Europeans come online with a full lineup

was this unexpected? Your article presents this point as something that wasn't planned for or expected. Have you never been shopping in America? Give it another 2 years and the market will equalize on like model price points.

like you might say , nobody watching and nobody listening GoWokeGoBroke

United States United States Latest News, United States United States Headlines

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

Tesla market share could be dented by cheaper rival EVs - S&P Global MobilityTesla Inc may be losing its tight grip on the electric car market, as rivals try to chip away at its market share with cheaper options. It’s going to collapse due to Musk’s irrational behavior! These numbers don’t add up, they must include the sales of hybrids. For example see their chart below. Ford does not have a non-luxury BEV. Also Tesla is gaining market share worldwide vs all legacy manufacturers combined for at least the last 3 years. News: S&P and/or Reuters lets the interns publish reports! Ford Mach-E, 3rd best selling EV, left off the list of competitors in the Reuters article. Or was it S&P? Or maybe they don't think that the Mach-E is competition?
Source: Reuters - 🏆 2. / 97 Read more »

EVs Could Account For ~90% Share Of The Market By 2027This article looks at the forecast that electric vehicles will take the majority of the marketplace by 2027. We'll need much better infrastructure on the personal vehicle front if that's going to happen. IMHO. No chance. Unfortunately there won’t be enough lithium mines up and running by then. Maybe 5 years later. If you count hybrids and phev's as ev's. With enough minerals stripped from the earth. Yes 90% by 2027 is achievable. Have to concentrate on hybrids and phevs.
Source: cleantechnica - 🏆 565. / 51 Read more »