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Daily Poll: Tesla's leadership is disintegrating
According to $Bank of America (BAC.US)$ 's prediction, $Tesla (TSLA.US)$ 's US EV market share will plummet to just 19% by 2024.
Tesla has dominated EV sales in the US. It held a commanding 79% share of the EV market in 2020. That number dropped a bit in 2021, down to 66.3% through the first half of the year, according to registration data from Experian.
"We think 2022 marks the start of commercialization for electric vehicles, with many start-up EV automakers like $Rivian Automotive (RIVN.US)$, $Lucid Group (LCID.US)$ launching/ramping new product and many incumbent automakers also beginning their product launch onslaught," the bank said.
Not to mention the robust EV competition like $NIO Inc (NIO.US)$ and $Li Auto (LI.US)$ from China that Tesla has already facing.
Not to mention the robust EV competition like $NIO Inc (NIO.US)$ and $Li Auto (LI.US)$ from China that Tesla has already facing.
Tesla will have "lesser market share than traditional carmakers by 2024," the note says. $General Motors (GM.US)$ and $Ford Motor (F.US)$ are in position to be the biggest market share gainers as Tesla declines, the bank predicts.
In total, in the United States, the bank is predicting about 1 million EVs sold in 2022, 1.8 million sold in 2023 and 3 million sold in 2024.
What is the future of EV market gonna look like? All depends on consumers like you guys.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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丁蟹NA : I acknowledge ev is the future, and fully support it. but for myself, i am gonna use as much gas as possible.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Popular on moomoo OP 丁蟹NA : Well, I appreciate your honesty![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Revelation 6 : EV’s are the future but you really can’t beat the sound of a blower or twin turbos when they’re spoiling up. Or when you give it a shot of nitrous and the engines whine right before a rapid, unscheduled disassembly leaves you wondering where the weak link was.
Mani Cai : infrastructure just couldn't catch up to mass adoption
Revelation 6 Mani Cai : Lack of funding by politicians for up keep and maintenance allowed it to become worn out and in disrepair.
Forfun2008 : Without high quality and excellent performance, everything is equal to zero.
Camemberu : This has nothing to do with Tesla leadership.