Part 7/13:
Market Dominance and Competition
Tesla remains the most valuable auto brand globally, with its stock recently experiencing a slight downtrend, partly due to broader market declines. Notably, Tesla's market share in the US has declined by 18 percentage points over the past year, with estimates predicting it might fall below 50%. Meanwhile, General Motors has overtaken Ford to become the second-largest EV seller in North America, primarily due to increased EV sales.
Despite these shifts, recent market data show that most stocks, including Tesla, dropped due to macroeconomic concerns such as weaker-than-expected jobs data and market expectations of a potential hard landing by the Federal Reserve. This caused widespread sell-offs, with Tesla dropping roughly 10% over the week.