9 articles | last updated: Jul 11 19:08:19
Despite declining dominance, Tesla's stock rallies amid increased competition and investor optimism.
- Tesla's share of the US electric vehicle market dropped to 49.7% in Q2 2024, a significant decrease from 59.3% a year earlier.
- Overall US EV sales grew by 11.3% year-over-year, with 330,463 units sold in Q2.
- Competition from General Motors, Ford, Hyundai, and Kia contributed to Tesla's market share decline.
- Tesla's stock price has surged, regaining losses from earlier in the year and closing at $263.26.
- Investors remain optimistic about Tesla's future, focusing on upcoming innovations like robo-taxis and affordable EV models.
People, Places and Things In This Story
- Tesla, Inc. Automotive company
- Electric vehicle Automotive class
- General Motors Automotive manufacturer
- United States Country in North America
- Kia Automobile manufacturer
- Ford Motor Company Automobile manufacturer
- Hyundai Motor Company Automotive manufacturer
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