F - Who Should Tesla Be Most Worried About? Not Ford Or GM But Rivian And An Unlikely Korean Rival | Benzinga
In 2023, Tesla Inc (NASDAQ:TSLA) retained its title as the best-selling EV maker in the U.S., to no one’s shock. However, lurking in the shadows are surprising contenders, not from traditional rivals like Ford or GM, but from a South Korean automaker and an emerging EV startup.
What Happened: Data compiled by Kelly Blue Book, a research company under Cox Automotive, reveals Tesla’s dominance with 654,888 EVs sold in 2023. Notably, this figure surpasses Ford Motor Co (NYSE:F) with 72,608 EVs sold and General Motor Co‘s (NYSE:GM) Chevrolet with 62,988. It’s crucial to note that these numbers consider sales from different brands under an automaker as separate entities.
Korean Twist: A surprising twist emerges when South Korean ...