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Tesla maintained a majority share of 50.5% in the US EV market in Q2, but its US sales declined by 13% year-over-year.
While Tesla maintained a majority share of 50.5% in the US EV market, its Q2 sales in the US decreased by 13% year-over-year to 124,800 units, compared to a 20% decline in total US EV sales during the same period. Globally, Tesla's Q2 deliveries increased by 25% year-over-year to 480,126 units, but its market share in Europe and China is being eroded by competitors such as BYD and Volkswagen.
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