{"id":126837,"title":"Tesla Loses Ground: US Market Share Plunges to Eight-Year Low","publisher":"Share Talk","author":"sharetalk","published":"2025-09-08T13:59:07+00:00","modified":"2025-09-08T13:59:07+00:00","canonical_url":"https://www.share-talk.com/tesla-loses-ground-us-market-share-plunges-to-eight-year-low/","markdown_url":"https://www.share-talk.com/tesla-loses-ground-us-market-share-plunges-to-eight-year-low.md","json_url":"https://www.share-talk.com/tesla-loses-ground-us-market-share-plunges-to-eight-year-low.json","category":"Automobiles, Parts & Engineering","categories":["Automobiles, Parts & Engineering","Technology","Technology, Media & Telecoms"],"tags":["automaker","BYD","cars","china","COVID","Cybertruck","Donald Trump","electric car","Elon Musk","EVs","Huangpu River","lockdown","Model 3","Model Y","shanghai","Tesla","USA","vehicles"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2024/01/Tesla.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"**Tesla’s US Market Share Slumps to Lowest Level Since 2017 Amid Fierce EV Competition**\n\n**Tesla’s market share in the US electric vehicle (EV) market** has dropped to **38%**, its lowest level in nearly **eight years**, as competition intensifies and consumer preferences shift.\n\nAccording to **Cox Automotive data** cited by Reuters, Tesla’s share has fallen sharply from a **peak of more than 80%**, last seen when the company was ramping up production of its first mass-market vehicle, the **Model 3**, in 2017.\n\nThe decline comes at a challenging time for the EV industry. **Buyers are increasingly choosing rival electric vehicles** over Tesla’s **ageing line-up**, while **federal tax credits are set to expire at the end of September**, a factor analysts say could weigh on overall sales in the coming months.\n\nWhile traditional automakers are **rolling out fresh EV models**, Tesla has shifted its focus to **robotaxis and humanoid robots**, shelving or delaying plans for more **affordable car models**.\n\nMuch of Tesla’s lofty **$1 trillion valuation** depends on this pivot. On Friday, the board proposed a **record $1 trillion pay package for Elon Musk**, contingent on the company’s value reaching **$8.5 trillion within the next decade**.\n\nFor now, Tesla’s **core automotive division** remains its primary revenue driver. However, its most recent launch, the **Cybertruck**, unveiled in 2023, has **failed to match the popularity** of the **Model 3** and **Model Y**, once global best-sellers.\n\nDespite **minor updates to the Model Y**, demand has been softer than expected, leaving Tesla **on track for a second consecutive year of declining sales**."}