Important update: Stake UK will be closing down.
Read more here
When you invest, your capital is at risk.

Share

Shock Waves

Is Tesla growing at a fast enough rate? Recent reports indicate its market share is falling and despite the constant coverage it receives, it may not have as much market cap dominance as it appears.

Tesla is growing, but is it growing fast enough? Recent reports indicate the electric manufacturer’s market share has fallen from 29% to 11%. Given the coverage it receives, and its market cap dominance, you may not realise the extent to which incumbents are eating away at Tesla’s perceived stranglehold on the market. 

To start, Volkswagen is now Europe’s no. 1 EV producer selling 24% of the 856,000 EV’s sold in the last year. This is more than double Tesla’s output as Nissan/Renault (alliance), Hyundai/Kia (alliance) and Stellantis exceed its sales. This is most likely a supply issue as Tesla’s Berlin factory is delayed in opening and only 3 models can be offered to the local market. 

In America, Ford’s electric Mustang is now more heavily produced than its petrol counterpart. By 2030, Ford expects 40% of sales to be in EVs. The company will need to increase their offering massively as currently only the Mustang is available as an EV. Meanwhile, rival GM expects to cease petrol car production by 2035

Speaking of the car wars, Stake put a Tesla Model S to the test against a petrol powered iconic Mustang GT. A race over 250m. Who comes out on top?


Want more?

You know what to do

Insights, trends and company deep dives delivered straight to your inbox.


Stake logo


Stake is the trading name of Hellostake Limited, a company registered in England and Wales (Company no. 11676409). Hellostake Limited is authorised and regulated by the UK Financial Conduct Authority under the Firm Reference Number 830771. Registered address: 85 Great Portland Street, London, W1W 7LT, United Kingdom.

When you invest, your capital is at risk.

The value of your investments can go down as well as up and you may receive back less than your original investment. Any advice is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate independent taxation and legal advice. The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services.

At Stake, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Please view our Terms & Conditions, Privacy Policy and Disclaimers before deciding to use or invest on Stake. By using the Stake website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance

Copyright © 2024 Stake. All rights reserved.