SaralnamaNOTICE: Tesla's US electric vehicle market share fell below 40% in, hitting an 8-year low. The company's grip on the EV market is loosening due to growing competition and its aging model lineup. Rivals like Hyundai, Kia, and Volkswagen are gaining ground with aggressive discounts and new models. Tesla's last new vehicle, the Cybertruck, failed to match earlier successes. The company now faces a tough choice between cutting prices to protect sales or accepting further market share loss. Tesla's focus on robotics and AI over new EVs may be contributing to its market challenges. (Updated 9 Sep 2025, 00:22 IST; source: link)
Key Points
- NOTICE: Tesla 's US electric vehicle market share fell below 40% in, hitting an 8-year low
- The company's grip on the EV market is loosening due to growing competition and its aging model lineup
- Rivals like Hyundai, Kia, and Volkswagen are gaining ground with aggressive discounts and new models