Tesla's EV market share in the US falls to 38% — the first time it's fallen below 40% in nearly 8 years

There's more bad news for Tesla. Elon Musk's carmaker accounted for 38% of total EV sales in the US last month, according to data from research company Cox Automotive shared with Reuters. This is the first time since October 2017 that it has dropped below 40%, the report notes.Representatives for Cox Automotive and Tesla did not immediately respond to a request for comment from Business Insider. According to Cox's report, Tesla once held more than 80% of the US EV market, but it has faced some challenges ...