Tesla (NASDAQ: TSLA) is the premier electric vehicle (EV) maker in the U.S. right now, selling more battery EVs than all other manufacturers combined. It has a 72% share of the total market.
Cox Automotive says that not only does it dominate the EV market , but Tesla also sold more luxury vehicles in the U.S. than Audi , BMW , Lexus, and Mercedes-Benz.
But the electric car market is getting more crowded, and Tesla had an 80% share of the market just one year prior. One of the newest entrants into the U.S. electric space is Polestar, a Swedish manufacturer backed by Volvo (OTC: VLVL.Y) that will soon be going public through a reverse merger with special purpose acquisition company ( SPAC ) Gores Guggenheim (NASDAQ: GGPI) .
For further details see:
Could Polestar Become the Next Tesla?