Could Tesla Market Share Collapse ?

Slew of new EV models hitting the market

One of the big investment banks is offering a “reality check” about Tesla’s market share that one might not expect from a firm likely trying to win investment banking business from the company. 

 

That’s why this morning’s Bank of America note – wherein the bank suggests that Tesla’s U.S. EV market share could drop to just 19% by 2024 – caught our eye.

The bank says that a “slew” of new EV models hitting the market could force Tesla’s U.S. market share to plunge from its current 69%, Bloomberg wrote in a Wednesday morning note.

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