EV Sales: Ford and GM Could Overtake Tesla in 2025
When a company dominates a market, as Tesla has done for years in the electric-vehicle segment, it eventually becomes the target of competitors. At first, this takes the form of a healthy rivalry, but it often ends up as a ganging up on the leader.
And let's not forget Volkswagen, the stated goal of which is to take over top spot from Tesla in the global electric car market. “That dominance Tesla's had in the EV market, particularly in the U.S., is done. It's going to shift wildly in the opposite direction in the next four years.”The bluntness comes in part from the fact he feels Tesla will lose its dominance because it is not expanding its portfolio fast enough to keep up with traditional automakers, but also new companies developing their electric product lines, for example Rivian and Lucid Motors.
In another bit of irony, Tesla is now suffering from delays that will surely hurt it. The company has delayed its Cybertruck several times, and plans for the next generation Roadster have also been pushed back. If all goes well, there’s talk of production starting on that model next year.
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