TL/DR: Tesla leans toward AI and robotics as its EV market share declines
(note: correlation, not necessarily causation). EV competition grows
keener. US EV sales proportions increase, maybe because US incentives are
ending after this month.
>From Reuters:
-----
Tesla market share in US drops to lowest since 2017 as competition heats up
Tesla's U.S. market share dropped to a near eight-year low in August as
buyers chose electric vehicles from a growing stable of rivals over the
aging lineup offered by [Tesla] ...
Analysts expect an EV sales bump to continue through September in the United
States, then drop when federal tax credits expire at the end of the month,
raising financial pressure on Tesla and other automakers. ...
Tesla, which once held more than 80% of the U.S. EV market, accounted for
38% of the total EV sales in the United States in August, the first time it
has fallen below the 40% mark since October 2017, when it was ramping up
production of the Model 3 ...
While other automakers are rolling out new EVs, Tesla has turned its focus
to building robotaxis and humanoid robots, delaying and cancelling plans for
cheaper electric vehicle models. ...
{However] For now, Tesla's core auto business remains its money maker. ...
[US] Sales of new EVs jumped more than 24% month over month in July to
128,268, according to the Cox data, driven by the looming end of a $7,500
tax credit for EVs and [by] attractive deals. Tesla saw sales rise 7% to
53,816, even as its market share fell. ...
In August, Tesla's growth slowed to 3.1%, and the broader market grew by 14%
...
Hyundai, Honda, Kia, and Toyota rolled out higher incentives than Tesla and
drove up EV sales between 60% and 120%, boosting market share. ...
Full story:
https://www.reuters.com/business/autos-transportation/tesla-market-share-us-
drops-lowest-since-2017-competition-heats-up-2025-09-08/
Shortcut URL:
https://cntp.me/GuV2hwN
-----
An anecdote:
This story has the now seemingly obligatory mention of "I bought this before
Elon went crazy" bumper stickers. I have yet to see any of those stickers
on Teslas here in France. But then bumper stickers of any kind are pretty
rare here.
David Roden, EVDL moderator & general lackey
To reach me, don't reply to this message; I won't get it. Use my
offlist address here : http://evdl.org/help/index.html#supt
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
I'm old enough to remember when the internet wasn't a group of five
websites, each consisting of screenshots of text from the other four.
-- Tom Eastman
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
_______________________________________________
Address messages to [email protected]
No other addresses in TO and CC fields
HELP: http://www.evdl.org/help/
