Tesla’s share of US electric vehicle sales slid below 50 per cent for the first time, as the world’s largest EV maker faced increased competition in its domestic market.
Elon Musk’s auto group saw its share in the battery-run car market fall to 49.7 per cent in the second quarter, down from 59 per cent a year earlier, according to Cox Automotive, a leading car services and data group.
The EV maker faced increased competition that had led to “continued price pressure”, said Stephanie Valdez Streaty, Cox’s insights director.
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