Group 1: Market Share and Competition - Tesla's share of US electric vehicle sales fell to 49.7% in Q2, marking the first time it dropped below 50% [1] - Tesla's market share has decreased from 79.4% in 2020 to 65.4% in 2022, and now to 55% last year [2] - The overall competitive landscape for electric vehicles is intensifying, leading to price pressure and increased EV adoption [2] Group 2: New Entrants and Market Dynamics - Legacy automakers like GM, Ford, and Volkswagen are releasing new electric models, contributing to Tesla's declining market share [4] - New entries from brands such as BMW, Cadillac, Honda, and Kia are providing consumers with more choices, impacting Tesla's dominance [4] - Chevrolet's new electric models, including the Blazer, Equinox, and Silverado, have added 21,000 EVs to the market, further challenging Tesla [5] Group 3: Tesla's Position and Future Outlook - Despite the decline in market share, Tesla remains the top seller of EVs in 2024 with 304,451 deliveries through June, significantly ahead of second-place Ford with 44,180 EVs sold [6] - The overall growth in the EV segment indicates that Tesla's long-term bet on electric vehicles is still valid, even as growth rates slow compared to the initial surge in 2020 [6] - The long-term trajectory suggests that higher volumes of EVs will continue over time, positioning Tesla to benefit from this growth [6]

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewDonald Trump's social media accounts have returned to pre-Capitol riot status.Meta on Friday announced plan ...

AT&T says hackers stole call and text records from "nearly all" of its wireless customers.The data includes the phone numbers that customers interacted with.It doesn't include the contents of the calls and texts, or Social Security numbers, AT&T said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clic ...

Boeing secured an order for 35 of its 737 Max jets from Aviation Capital Group.It's a boost for the firm's troubled jet that faces delays in production and certification.However, customers have been warned of further delays to Max deliveries, Bloomberg reported. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address ...

Wedbush analysts note a Trump presidency may hurt the EV sector but benefit Tesla.Higher Chinese tariffs could limit competition, giving Tesla an edge in the US EV Market.Overall, Wedbush writes that Trump's presidency would be an overall negative for the industry. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email addres ...

Tesla is reportedly pushing back its robotaxi day to October.The move would throw doubt on one of Tesla's most important promises.Tesla's stock fell as much as 6% following the news of the delay. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up”, you accept our Terms of Service and Priv ...

Costco said Wednesday that it's raising its annual membership fee.It's the first time that Costco has raised the fee since 2017.The retailer has hinted for months that a raise was in the future. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up”, you accept our Terms of Service and Priva ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewCostco has long been one of the highest-paying employers in retail — a reputation on track to continue as h ...

Microsoft has given up its observer role on OpenAI's board, per a letter reported by outlets including Axios.Apple is not expected to take up a similar observer role, The Financial Times reported.The moves may be an attempt to ease regulatory concerns over their influence in the AI sector. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're o ...

Shares of upstream chip companies TSMC and ASML have surged on the back of Nvidia's gains.TSMC's market cap briefly crossed $1 trillion on Monday.The stock price of ASML — Europe's third-most valuable company — crossed 1,000 euros apiece. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign Up ...