TSLA - Elon Musk Pokes Fun After Data Shows Tesla Leaving Rivals Eating Dust In US EV Market: 'Competition Is Coming' | Benzinga
Elon Musk‘s reaction to Tesla, Inc.‘s (NASDAQ:TSLA) unassailable dominance in the American electric vehicle market was nothing short of a sarcastic swipe at competitors attempting to catch up.
What Happened: Tesla dominates the global electric vehicle (EV) market, leaving competitors, including both nimble startups and legacy automakers transitioning to EVs, struggling to keep pace.
Amid Ford Motor Co.‘s (NYSE:F) decision to abandon plans for a $3.5 billion battery plant in Michigan, a Reuters report revealed that Tesla is pushing most of its U.S. competitors into “unprofitable, low-volume niches.”
In the first half of 2023, Tesla sold 325,291 EVs in the U.S., with General Motors (NYSE:GM) a distant second at 34,943 units, and Ford Motor Co (NYSE:F) following ...