Mustang Mach-E is comparable to Tesla in terms of sales
Mustang Mach-E is comparable to Tesla in terms of sales

Tesla is losing market share to US electric vehicle buyers, and the Ford Mustang Mach-E appears to be the beneficiary.

Analysis by investment bank Morgan Stanley shows that Tesla's share of the US electric vehicle market fell from 81% the previous year to 69% in February.

According to the analysis, Tesla sales in the United States continue to grow due to increased demand from American auto buyers for electric cars.

Morgan Stanley estimates that while sales of conventional internal combustion vehicles fell 5.4%, sales of industrial electric vehicles in the US increased 34% year on year in February.

Tesla only publishes quarterly global sales reports, not monthly sales or US sales like many other automakers.

Morgan Stanley's analysis shows that US Tesla sales could rise 5.4% in February.

Sales of compact electric cars in the US, along with new electrical products from traditional automakers, more than doubled, to 9,527 units.

According to Ford data, the Ford Mustang MAC-E was chosen as the best SUV of the year. Shipments began at the end of January with 3,739 sales in February.

According to Ford, a fifth of the Mustang Mach-Es sold in February was in California, the main market for the industry. In 2019, the country accounts for nearly half of Tesla Model 3 sales.

Morgan Stanley's report suggested that Ford might challenge Tesla because Ford has more history and brand awareness.

The CEO of Tesla (Tesla) appears to be praising Ford's role in the electric car market, saying: Tesla (Tesla) and Ford (Ford) are the first cars to start with 1,000 cars that have not gone bankrupt from the US automaker.

Tesla faces competition from Porsche, BMW, Audi and Jaguar in Model S and X cars, and from Chevrolet, Hyundai, Kia, Volkswagen, Nissan and Ford in Model 3 and Y.

Volkswagen beats Tesla in electric vehicle sales in many European markets, including Norway, and Norway now accounts for the majority of new electric vehicle sales.

Tesla is also facing new competition from General Motors, which recently launched the Chevrolet Bolt electric SUV.

Previous Post Next Post