Tesla, a dominant player in the EV market, is facing increased competition from companies like Porsche, Kia, Ford, and Rivian. Global electric car sales are projected to reach 17 million in 2024, with 1 in 5 cars sold worldwide being electric. Cathie Wood predicts that electric vehicles will represent 75% of global sales in the next 5-7 years, benefiting Tesla. Despite Tesla's recent sales drop, other EV makers like Hyundai/Kia and Ford have seen significant sales increases. The market is seeing a surge in EV models, leading to price drops amid cooling consumer demand.
Tesla’s long term strength in the EV market is currently being masked by a lot of dumping of unsuccessful EV models onto the market In many cases production of those models is already being ramped down
Tesla’s long term strength in the EV market is currently being masked by a lot of dumping of unsuccessful EV models onto the market In many cases production is already being ramped down
Tesla’s long term strength in the EV market is currently being distorted by a lot of dumping of unsuccessful EV models onto the market In many cases production is already being ramped down
Tesla is no longer dominating electric cars – here's the story of EVs in 2024. https://t.co/PBGqZjefL8
In 1Q2024, #Tesla ’s sales dropped 13%Y - enough to trigger a panic about the US market - while sales rose at a scorching pace for 6 of the 10 biggest #EV makers, climbing anywhere from 56% at Hyundai/Kia to 86% at Ford, chart @business https://t.co/ZQHdIQSGJV https://t.co/qTmZOypiDw
Prices on electric vehicles are tumbling as dealership lots are filling up with more models amid cooling consumer demand. https://t.co/MLFx1mTYR2
BREAKING: CATHIE WOOD SAYS ELECTRIC VEHICLES TO REPRESENT “75% OF GLOBAL SALES” IN NEXT 5-7 YEARS 👀 $TSLA Tesla will be the biggest beneficiary! https://t.co/m231ioAhCF
Global #ElectricCar sales are on track to grow strongly again this year, reaching about 17 million With more than 1 in 5 cars sold #worldwide in 2024 set to be #electric, the rise of #EV's is transforming the #auto industry & the #energy sector https://t.co/G6h6RxfXAV
Very bullish on Tesla for years...however, they're close to losing majority market share of the EV market vs all other competitors. But, the writings been on the wall as more car companies entered the EV world. Porsche, Kia, Ford, Rivian There are so many more options now. https://t.co/9tYELY1yad