Tesla loses EV market dominance, falls below 50% in US [unit sales in 2024Q2]

Yeah, genius thought that creating CyberTruk and turn full Nazi will expand his consumer base.

Sucks for real founders of Tesla, but hey, at least you helped bootstrapping switch to EVs.

Good? Even if Tesla wasn't shit it's probably for the best if one company doesn't make up the majority of an industry.

And normally this would be good for Tesla as it'd indicate the industry is growing a lot. So even if they aren't most of it their total sales would probably increase.

Tesla will probably be a case study one day in how to get the lead in a market that is hard to break into and somehow squander it.

i saw a Hyundai Ioniq6 this morning was like, damn! They have great performance, great reviews, and great warranties. they're nice on the inside, too.

can't remember ever thinking that about a Tesla

This is not surprising. When Tesla started out they had not much competition. Now that all the other carmakers have entered the market it is much harder to maintain their lead. Tesla losing market share was pretty much to be expected and Musk alienating their customers and the laughable Cybertruck certainly did not help.

The lack of CarPlay/Android Auto makes Tesla a non-starter

Tesla's sales in the second quarter of 2024 fell to 49.7 percent of all US EV sales.

Unless the other 50.3% were of a single company, which i highly doubt, i fail to grasp how Tesla lost market dominance.

This deserves a pay package in the billions.

giving elon another bonus should fix it

Its all good, Elon got paid.

I’m sure there will be someone to lick up Elon’s Nazi tears

Elon Musk Will Reinstate Neo-Nazi on Twitter https://lamag.com/internet/elon-musk-will-reinstate-neo-nazi-on-twitter

Elon Musk expresses support for antisemitic post on X, calling it "the actual truth" https://www.cbsnews.com/news/elon-musk-antisemitic-comments-x-post-actual-truth/

Can't send links to actual tweets as the site is terrible now and won't let me enter it without an account. The second link is notable for promoting anti-Semitic conspiracy theories, like the Great Replacement.

That’s crazy they had above 50%, though I guess they were the only EV-only company in North America (I believe?).

This is the best summary I could come up with:

"EV sales exceeded expectations during a record-breaking quarter," said Cox's industry insights director Stephanie Valdez Streaty.

Much of the growth in electric vehicle sales is due to new kit from General Motors, Cox said, with additional strong showings from Ford, Hyundai and Kia.

A recent study on EV adoption from Cox reiterates those points and predicts US car buyers are keen on electric tech.

Increased competition "is leading to continued price pressure, helping push EV adoption slowly higher," she opined.

2024 hasn't been a great one for Tesla, which has seen worsening sales declines, an arson attack, mass layoffs, fallout from the Cybertruck launch and more lawsuits than you can shake a stick at - and all that's before the troubles owner Elon Musk has caused for the company.

It's not clear how far that market share could dip in coming years as EV buyers begin to migrate away from startups toward companies with established histories.

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Good, tesla looks like a shit.

My buddy at work just bought one and I am not impressed or at least it doesn't feel the same as the first time I sat in one about 5 years ago.

It looks cheap on the inside I noticed paneling off. The only thing I truly love about it is how quiet it is when he is driving. It is insanely peaceful and the car does look clean just cheap. It's unfortunate because they are good looking cars in the outside but damn they just aren't impressive when you are in one.

I wouldn't tell him that he loves it and if he loves it then he loves it.

Choke on shit, elon - You little emerald toting fuck.

So is the shares increasing cause of the Chinese EV tariffs?

If I wanted a death trap I'd buy a Ford Pinto!