Tesla’s Share of U.S. Electric Car Market Falls Below 50%
Tesla’s Share of U.S. Electric Car Market Falls Below 50%
A new report estimates that the company led by Elon Musk accounted for just under half of all battery-powered vehicles sold in the second quarter of the year.
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As expected.. COMBINED other manufactures are starting to make meaningful amounts of EVs. Individually it is funny how few they sell however.
Tesla still sells nearly 10x the number of EVs (BEVs) to the next most popular brand (globally).Correction Tesla and BYD are embarrassing the "REST" of the the manufactures. Globally.
BYD numbers are often mix EV as a combination of PHEV and BEV, their BEV sales have substantially grown.
○ Tesla market share 20% ○ BYD Auto 15% ○ Geely Holdings 8% ○ Others 57%
https://www.counterpointresearch.com/insights/global-electric-vehicle-market-share/
Tesla still sells nearly 10x the number of EVs (BEVs) to the next most popular brand (globally).
Tesla only sold 4% more EVs than BYD last quarter
I imagine BYD is going to overtake them soon, as they already have in China. It’ll probably be hard for them to break into the protectionist U.S. market but I’m sure everywhere else would be fine with a cheap EV.
Plus, considering Elon Musk just mooched $60bn off of Tesla for doing K and tweeting rot all day, the writing is probably on the wall. I sure as fuck wouldn’t invest in a company where the executives are bleeding it dry.
"protectionist" 🤣🤣🤣
That was partly me being a smart ass — America obviously loves free trade except when it doesn’t — but we did slap 100% tariffs on Chinese made cars and we subsidize EVs that don’t source materials from China (and a few other “nations of concern” that don’t really export those materials anyway).
...no? This is combined in the US, outside of it it's nothing like this.
This guy gets it.