Tesla's US Market Share Declines

Q2 2024 Earnings Report

Key Takeaways

Tesla Inc. reported a 45% decrease in profit for Q2 2024.

Data as of July 23, 2024, indicates a continuous decline in Tesla's share of the U.S. battery-electric vehicle (BEV) market.

Details of Tesla's Q2 2024 earnings can be found on the company's Investor Relations page and during the earnings call on July 23, 2024, at 5:30 pm.

This decline in market share is a significant development in the automotive industry, as Tesla has been a dominant player in the electric vehicle market for several years. It remains to be seen how Tesla will respond to this challenge and whether it can regain its lost market share.