Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Tesla’s Dominance Challenged: U.S. Market Share Could Dip Below 50%

Daniel Kim Views  

Tesla is expected to lose its long-held 50% market share in the U.S. electric vehicle (EV) market.

According to data from MarkLines, which provides automobile sales data, Tesla’s sales in the U.S. market from June to May this year amounted to 618,000 units.

In contrast, other manufacturers’ electric vehicle sales were 597,000 units.

However, this could change when the June sales figures are released next week. This is because the figures include popular new models from competitors like Hyundai and Kia.

In the first quarter of this year, Tesla’s sales in the U.S. market decreased by 13% compared to the same period last year. On the other hand, six out of the top 10 EV manufacturers saw significant increases in sales. Hyundai (including Kia), ranked second, saw a 56% increase, while Ford, ranked third, saw an 86% increase. This trend continued in April and May.

Tesla took first place in the U.S. EV market when it released the Model S in 2015. After the Model 3 was launched in 2018, Tesla sold more EVs than all other manufacturers combined. However, the gap has steadily narrowed as manufacturers have released more EVs.

Chief Executive Officer Elon Musk’s divisive politics have eroded Tesla’s market dominance. According to Stephanie Valdez-Streaty, director of industry insights at Cox Automotive, a significant gap in the product cycle has left the carmaker dependent on just two vehicles for 95% of its sales. Competitors are now entering market segments where Tesla currently has no offerings.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • 2025 Toyota Prius Gets a Bold Makeover—Including a Sleek New Nightshade Trim
  • What’s Next for Nissan’s Iconic GT-R? The Hyper Force Concept Gives Us a Glimpse
  • Elon Musk Chooses HPE for $1 Billion AI Server Deal—What’s Next for Tesla and X?
  • Gold Prices Surge for Four Consecutive Days with Robust U.S. Employment
  • Nippon Steel and U.S. Steel Get Extended Deadline for Acquisition Amid Legal Challenges
  • Dell Technologies Airlines Projects 20% EPS Growth in 2025 After Record Q4 Performance

You May Also Like

  • 1
    Beat the Chill: Simple Ways to Protect Your Joints This Winter

    LIFESTYLE 

  • 2
    Goodbye to the A-10: The Air Force Retires the Warthog After Decades of Service

    DEBATE 

  • 3
    From Hangovers to Health: 10 Surprising Facts About Pear Juice

    LIFESTYLE 

  • 4
    Are Your Microwave-Safe Plastics Actually Safe? Experts Warn About Hidden Risks

    LIFESTYLE 

  • 5
    Is Your Shoulder Pain More Than Just Soreness? Here's Why You Should Be Worried About Calcific Tendinitis

    LIFESTYLE 

Popular Now

  • 1
    Think High-Protein Foods Are Healthy? This New Study Might Change Your Mind

    LIFESTYLE 

  • 2
    Hidden Dangers of Sitting All Day: 11 Health Risks You Can’t Ignore

    LIFESTYLE 

  • 3
    Sleep Apnea May Actually Enlarge Your Brain's Memory Center, Study Shows

    LIFESTYLE 

  • 4
    Ginger Tea: Your Go-To Drink for Digestion, Pain Relief, and Cold Prevention

    LIFESTYLE 

  • 5
    Secret to Staying Young? THIS Simple Diet Could Make You Age 2 Years Slower

    LIFESTYLE 

Must-Reads

  • 1
    Beat the Chill: Simple Ways to Protect Your Joints This Winter

    LIFESTYLE 

  • 2
    Goodbye to the A-10: The Air Force Retires the Warthog After Decades of Service

    DEBATE 

  • 3
    From Hangovers to Health: 10 Surprising Facts About Pear Juice

    LIFESTYLE 

  • 4
    Are Your Microwave-Safe Plastics Actually Safe? Experts Warn About Hidden Risks

    LIFESTYLE 

  • 5
    Is Your Shoulder Pain More Than Just Soreness? Here's Why You Should Be Worried About Calcific Tendinitis

    LIFESTYLE 

Popular Now

  • 1
    Think High-Protein Foods Are Healthy? This New Study Might Change Your Mind

    LIFESTYLE 

  • 2
    Hidden Dangers of Sitting All Day: 11 Health Risks You Can’t Ignore

    LIFESTYLE 

  • 3
    Sleep Apnea May Actually Enlarge Your Brain's Memory Center, Study Shows

    LIFESTYLE 

  • 4
    Ginger Tea: Your Go-To Drink for Digestion, Pain Relief, and Cold Prevention

    LIFESTYLE 

  • 5
    Secret to Staying Young? THIS Simple Diet Could Make You Age 2 Years Slower

    LIFESTYLE 

Share it on...