this post was submitted on 09 Jul 2024
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455
Tesla’s Share of U.S. Electric Car Market Falls Below 50% (archive.ph)
submitted 4 months ago* (last edited 4 months ago) by [email protected] to c/[email protected]
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A new report estimates that the company led by Elon Musk accounted for just under half of all battery-powered vehicles sold in the second quarter of the year.

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[–] [email protected] 10 points 4 months ago (1 children)

I imagine BYD is going to overtake them soon, as they already have in China. It’ll probably be hard for them to break into the protectionist U.S. market but I’m sure everywhere else would be fine with a cheap EV.

Plus, considering Elon Musk just mooched $60bn off of Tesla for doing K and tweeting rot all day, the writing is probably on the wall. I sure as fuck wouldn’t invest in a company where the executives are bleeding it dry.

[–] [email protected] -5 points 4 months ago (1 children)

"protectionist" 🤣🤣🤣

[–] [email protected] 11 points 4 months ago

That was partly me being a smart ass — America obviously loves free trade except when it doesn’t — but we did slap 100% tariffs on Chinese made cars and we subsidize EVs that don’t source materials from China (and a few other “nations of concern” that don’t really export those materials anyway).