🚗 Tesla: Can it maintain its EV market dominance?

Tesla, Inc. (TSLA) continues to be a pivotal player in the electric vehicle (EV) market, but recent trends indicate a challenging landscape ahead. As competition intensifies and market dynamics shift, the question arises: can Tesla sustain its leadership position?

📈 Market snapshot

Electric car sales surged in Q1 2024, reaching over 3 million units, a 25% increase from Q1 2023. Projections indicate 2024 sales will hit approximately 17 million, marking a 20%+ growth from 2023. The U.S. EV market is expected to expand from $28.24 billion in 2021 to $137.43 billion in 2028, with a 25.4% CAGR.