Tesla No Longer Gaining Market Share in Largest Markets
2/ Focusing on those leading markets, how is Tesla's market share fairing? Well, since $TSLA
opened its factory in Shanghai, it has overall been losing market share in the growing Chinese NEV market. pic.twitter.com/Ap2lCRVLWJ
4/ To smooth things out, when you look at Tesla's share in the European & Chinese NEV markets on a quarterly basis, Tesla is losing market share in both. pic.twitter.com/HS2GyVlxtO
6/ How? In 2021 alone, BYD has unveiled 10 new EVs and deliveries of 6 have already started. This isn't to say BYD has superior tech and stronger brand recognition in China, but it does offer a full lineup of EVs, whereas Tesla is only in the 235k-380k RMB market. pic.twitter.com/BvycsGHWCS
7/ As @Real_Jack_Shea
said earlier this year, Tesla needs more models in its lineup, especially as the Chinese and European markets are becoming increasingly saturated with multiple new models from EV startups and legacy automakers. https://t.co/j3Gw5ySQfI
