Tesla's Market Share Drops Below 50% Amid Rising EV Competition
Tuesday, 9 July 2024, 21:05
Tesla's Market Share Decline
Despite Tesla's historic dominance, its market share in the U.S. EV sector has dropped below 50% for the first time, signaling increased competition in the market.
Rising Competition
The entry of other automakers has intensified competition in the electric vehicle segment, reflecting a shifting landscape in the industry.
Q2 EV Sales Hit Record High
The second quarter reports the highest EV sales of 330,463 units, indicating a growing demand for electric vehicles in the market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.