Agency: Tesla will have 90% of electric vehicle market share
On September 25, Global Equities Research said it expected to hold 90% of the electric vehicle market. In the third quarter of 2023, the Fremont plant may be down for only 4 days instead of the 3 weeks we expected. During the second quarter 2023 earnings call, Musk mentioned that the factory shutdown was for readjustment. Tesla's market share is increasing compared to Honda and Toyota, and this trend is getting stronger. Only companies with Gigafactory scale can thrive in this industry, and only Tesla has a Gigafactory, which it is expected to eventually own 90% of the electric vehicle market.
On September 25, Global Equities Research said it expected to hold 90% of the electric vehicle market. In the third quarter of 2023, the Fremont plant may be down for only 4 days instead of the 3 weeks we expected. During the second quarter 2023 earnings call, Musk mentioned that the factory shutdown was for readjustment. Tesla's market share is increasing compared to Honda and Toyota, and this trend is getting stronger. Only companies with Gigafactory scale can thrive in this industry, and only Tesla has a Gigafactory, which it is expected to eventually own 90% of the electric vehicle market.