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GELYF - Tesla Lost Market Share In Q3 To BMW Mercedes Audi And Volvo
Geely Automobile Holdings Ltd
NOTE: A version of this article was first published on or about Nov. 13, 2019, on my Seeking Alpha Marketplace site.
This article will bust one of the most oft-repeated - but never factually supported - myths in the automotive market these days: That Tesla is taking market share from most of the European premium automakers. As the facts will show below, BMW, Mercedes (Daimler), Audi and Volvo all saw increased revenue in Q3 2019 - while Tesla’s revenue fell, all compared to Q3 2018.
Furthermore, BMW, Mercedes (Daimler), Audi and Volvo also all showed