Although Tesla still holds a dominant position in the US electric vehicle market, even holding a 68% market share, as more and more companies join the competition, Tesla's original market share is beginning to be divided.
However, Tesla CEO Elon Musk recently announced that its vehicle production has now exceeded 300 million, with the Gigafactory in Shanghai, China accounting for about 100 million of the production. The company also plans to accelerate vehicle production and delivery at its factories in Fremont, California, Austin, Texas, and Berlin, Germany.
But from the data, Tesla's share of the US electric vehicle market was 2020% in 79, but it fell to 2021% in 69.95. The reasons for this were that Tesla was facing a shortage of parts supply at the time, which even caused price increases, resulting in a decline in deliveries. In addition, traditional car manufacturers such as Ford, General Motors, and Hyundai, as well as emerging electric vehicle brands including Polestar, Rivian and Lucid Motors have successively joined the competition, causing Tesla's original market share to be impacted.
Statistics from the first half of 2022 show that Tesla's market share in the United States has dropped to 68%. Although it still holds a dominant position in the U.S. electric vehicle market, it is still facing a decline in overall market share. In particular, Tesla's automatic driving assistance system has frequently made misjudgments recently, which has further affected people's decisions when choosing electric vehicle models.
Tesla is currently trying to increase its production capacity and speed up vehicle delivery to prevent its market share from continuing to decline.
Congrats Giga Shanghai on making millionth car! Total Teslas made now over 3M. pic.twitter.com/2Aee6slCuv
- Elon Musk (@elonmusk) August 14, 2022
