Tesla loses EV market dominance, falls below 50% in US [unit sales in 2024Q2]
Tesla loses EV market dominance, falls below 50% in US [unit sales in 2024Q2]
Electric car sales break records, but Elon's luster is tarnished
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Tesla's sales in the second quarter of 2024 fell to 49.7 percent of all US EV sales.
Unless the other 50.3% were of a single company, which i highly doubt, i fail to grasp how Tesla lost market dominance.
They lost dominance because they aren't the majority anymore, just the plurality. It's not a hard concept.
I think the statistical nature of the comment you're replying to kinda flew right past you.
Their point was clearly that they are still the majority out of all other companies in comparison, just not the most compared to literally the aggregate of all other manufacturers.
That is the definition of plurality.
Right but I'm not sure why you said, "It's not a hard concept" when the person was responding to the headline that says they lost market dominance, when that seems a bit misleading.
chinese EVs are cheap, plentiful and work just as fine as teslas
And aren't for sale in the USA. If they were Tesla would have lost that 50% a few years ago.
That said overall EVs are taking up a larger part of the overall market, so this is just a headline number. This was always going to happen as the other manufacturers started making competitive EVs.