Some of the fascinating components of Tesla’s quarterly shareholder experiences is one thing that seldom will get a lot and even any consideration. There’s not quite a bit to write down about it, however it’s at all times fascinating to take a look at and ponder. What I’m speaking about is Tesla’s graph on the corporate’s market share in three main auto markets — the US, Europe, and China.

Most notable is the truth that Tesla’s market share grows virtually constantly in all three markets. It retains getting increasingly of the auto trade pie.

The following most notable spotlight for me is that Tesla’s share of the US auto market is as much as ~4%. Which means one out of each ~25 vehicle gross sales within the nation is a brand new Tesla making it into somebody’s driveway. That’s up from effectively underneath 2% two years in the past and round 3% one 12 months in the past.

Tesla’s market share development in Europe has a really comparable development pattern however rose rather more sharply within the final quarter. Tesla is approaching 3% market share in that giant automobile market. Which means one in every of out each 33 or so new automobiles on the street is a Tesla.

Then there’s China. China is the biggest auto market on the planet and in addition by far the biggest electrical automobile market. Tesla has simply surpassed 2% market share there, accounting for one out of each 50 new automobile gross sales. It’s true that 2% isn’t any 3% or 4%, however given the volumes on this market and the excessive degree of EV competitors, this outcome remains to be very notable.

We’ll see if Tesla can keep this upward pattern and momentum within the third quarter.

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