Probably the most attention-grabbing parts of Tesla’s quarterly shareholder reviews is one thing that seldom will get a lot and even any consideration. There’s not quite a bit to write down about it, however it’s at all times fascinating to have a look at and ponder. What I’m speaking about is Tesla’s graph on the corporate’s market share in three main auto markets — the US, Europe, and China.
Most notable is the truth that Tesla’s market share grows nearly repeatedly in all three markets. It retains getting an increasing number of of the auto trade pie.
The following most notable spotlight for me is that Tesla’s share of the US auto market is as much as ~4%. Which means one out of each ~25 vehicle gross sales within the nation is a brand new Tesla making it into somebody’s driveway. That’s up from effectively beneath 2% two years in the past and round 3% one 12 months in the past.
Tesla’s market share progress in Europe has a really related progress development however rose rather more sharply within the final quarter. Tesla is approaching 3% market share in that giant automotive market. Which means certainly one of out each 33 or so new automobiles on the highway is a Tesla.
Then there’s China. China is the biggest auto market on the planet and likewise by far the biggest electrical automotive market. Tesla has simply surpassed 2% market share there, accounting for one out of each 50 new automotive gross sales. It’s true that 2% is not any 3% or 4%, however given the volumes on this market and the excessive stage of EV competitors, this end result remains to be very notable.
We’ll see if Tesla can keep this upward development and momentum within the third quarter.
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