U.S. Tesla loses ground in key markets due to tougher competition

U.S. Tesla loses ground in key markets due to tougher competition

FineAuto

Tesla is beginning to lose control of critical markets as other major automakers push competing EV models.

According to the business newspaper The Wall Street Journal, in the US, Ford is taking back market share from Tesla, which recently launched its first electric crossover, the Mustang Mach-E. In Europe, the world’s largest electric car market, Tesla was overtaken by Volkswagen AG in 2020. At the same time, in other markets, such as Asia, Tesla is still maintaining and even increasing its share.

In recent years, it has been repeatedly reported that Tesla is bound to face increased competition. Automakers such as Volkswagen and General Motors are investing billions of dollars to expand their EV lines.

The widespread network of charging stations specializing exclusively in electric vehicles remains a serious advantage for Tesla over the vast majority of competitors.

Earlier it was reported that Tesla has patented a unique glass cleaning technology. This system includes one “wiper”, which with the help of an electromagnetic drive will be able to completely clean all the glass. The first model with such equipment will be the updated Tesla Roadster.

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