this post was submitted on 20 Aug 2024
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Electric Vehicles
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And the tesla market share dropped below 50% in the US EV market.
Probably has a lot to do with mainstream car makers catching up, although Musk is definitely becoming a liability to the company.
I think that's the biggest part. Tesla gained it's huge market share by having the right product at the right time with the right company image. Tesla should have been focusing on fixing their quality issues, and should have either booted Musk or chained a PR person to his side. Instead they put out the Cybertruck, which is divisive at best, and have a CEO who seems to be doing everything he can to destroy the good will of their core market.
It was inevitable that the mainstream manufacturers would catch up.
Seeing a lot of ev6/9 and ionics around me lately. Hyundai/Kia picked a really good time to expand their lineup.
They just reached double digits % in the US market