Tesla's Chinese competitors set new records

Tesla’s competition in the electric vehicle market has intensified over the past two years as more EV manufacturers ramp up production and deliveries.

Elon Musk’s Austin, Texas-based company has seen its EV market share shrink from about 79% in 2020 to 75.8% in June 2022 to about 65% today as rival automakers continue to increase their factories.

Tesla (TSLA) – Get a free report still has plenty of good news to report in the first three quarters of 2022 as it is on track to deliver 1 million EVs with 908,000 delivered in the year to September 30 after delivering 343,000 in the third quarter. The company also launched its latest electric car on December 1 with the delivery of its semi-trucks.

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