Tesla’s EV market share may be plunge to 11% by 2025
Elon Musk’s company Tesla still growing as EV sales continue.
But Tesla's Sharemarket will fall about 11% in 2025 from today over 70%.
The Tesla company won’t be able to keep up with the pace of new models coming from Ford Motor Co., General Motors Co. and foreign automakers.
Tesla is lose its position as the dominate EV maker in the USA to Ford or GM by 2025.
Murphy said, “Elon has had a vacuum for the last 10 years in which to operate, where there hasn’t been much competition,”.
“That vacuum is now being filled in a massive way in the next four years by very good product, not by econobox, toaster-box EVs, but real good product.”
US sales of EVs could grow more than 3.2 million by 2025.
GM plans for 17 new EV models launch in the US market from 2023 to 2026.
Tesla also will be expanding in China and Europe.
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