Tesla's 59% US EV market share is its highest since 2023
Cox Automotive data cited by The Motley Fool shows Tesla's Q2 US EV market share climbed to 59%, its highest level since 2023 — even as the stock is down roughly 25% year-to-date, a sign sales dominance is holding up better than the share price.
The Motley Fool reports that Tesla's U.S. EV market share rose to 59% in the second quarter, citing Cox Automotive data — the highest reading since 2023. The figure shows Tesla still commands more than half the U.S. EV market even as rivals ramp up new model launches.
The share gain lines up with Tesla's Q2 deliveries of 480,126 vehicles, up 25% year over year. Despite intensifying competition from BYD, Rivian and others, Tesla's grip on the U.S. market has not slipped.
The report also notes that this sales strength hasn't translated into the stock price, which remains down about 25% since the start of the year. That gap suggests investors are still waiting for newer bets like Robotaxi and Cybercab to prove out financially, even as Tesla's core vehicle business keeps posting solid numbers.
Summaries are prepared by the Tesla Briefing editorial team and may not capture every nuance of the original reporting. You are solely responsible for your own investment decisions.