Tesla continues to dominate the US electric vehicle market, and the extent of its supremacy in the first half of the year is simply staggering. Despite increasing competition in the US, including from established legacy automakers like Ford, General Motors, Hyundai Motor Group, Volkswagen Group, and others, Tesla dwarfs them when it comes to sales.
While Tesla's share of US EV sales fell this year as more models entered the market, the Austin, Texas-based brand still makes up nearly two-thirds of all EV sales – no other brand has more than 10 percent. A Reuters analysis of US EV sales data for the first six months of 2023 reveals that Tesla outsold its next 19 competitors combined, according to S&P Global Mobility data. The US EV maker also outsold the second-ranking brand, Chevrolet, by almost 10 to one, which makes it hard to talk about serious competition for Tesla in the US market at the moment.
Lucky Tesla likes our graphite. Those binding off-takes will come in handy thanks to SYR's sales team. Not to mention non-binding off-takes with LG and SK On. You would think that some customer relationships have developed to the point that there is some ongoing trust.
https://insideevs.com/news/689106/tesla-outsold-its-next-19-competitors-combined-in-us-h1-2023/
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