Tesla's vision of leading the electric vehicle (EV) revolution is challenged as competition increases, particularly in China, where GM has outperformed it. Tesla's market share in China has dropped to 3.2%, while rivals like BYD lead the market. The companyâs core passenger vehicle business is struggling despite its foray into autonomous vehicles and humanoid robots. Meanwhile, BMW aims for broader EV offerings, highlighting varied strategies among automakers during this electrification phase as Tesla's sales decline allow others to capitalize on its earlier innovations.
Tesla initially aimed to revolutionize the electric vehicle market but faces fierce competition as sales decline, particularly in China, where it now ranks eighth.
Tesla's strategy seems to be shifting as competitors embrace their model and gain ground; GM and BYD have overtaken Tesla in market share and sales.
Collection
[
|
...
]