Tesla Is Reclaiming the U.S. EV Market as Legacy Automakers Retreat - WSJ — SkimNews
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- Tesla regained a majority of the U.S. EV market, with Cox data showing its share climbing to 55%, according to the WSJ
- Legacy automakers are retreating from the U.S. EV market, a pullback the WSJ credits as the backdrop for Tesla's rebound
Why it matters: Tesla's climb to 55% U.S. EV market share per Cox data means the company is consolidating dominance precisely as legacy rivals scale back their EV programs, giving Tesla pricing power and scale advantages while competitors cede ground. Owners of Ford Mustang Mach-E and Hyundai Ioniq 5 cited Musk himself as the reason they left Tesla — yet the sales data still moved in Tesla's favor.
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