$TSLA is -16% since this post lol. Wasn't expecting it to shrink so fast.
Tesla's leadership in the EV race is shrinking. Their market share has continuously declined since 2022 as new models from competitors arrived.
With only 3 models available; the 3, Y and Cybertruck, and nothing else in the near future, customers will likely look elsewhere for more options.
https://www.barrons.com/articles/tesla-market-share-falls-upside-competition-97442f72
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