Two trends — the growing size of the EV pie and Tesla’s shrinking share of it — are likely to continue in the fourth quarter.
Americans bought more than 200,000 electric cars in the third quarter — a first. Electric car sales grew faster than any other segment of the auto industry.
Tesla... Americans bought more than 200,000 electric cars in the third quarter — a first. Electric car sales grew faster than any other segment of the auto industry. Tesla TSLA lost ground in the electric vehicle sales race but retains a huge lead over the field. Sixty-four percent of the EVs Americans bought in the third quarter were Teslas — down from more than 70% a year ago.
Sales of both models grew year-over-year. They represent a smaller proportion of the market only because the market is growing in every direction.
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