Bank Of America: Tesla’s market shares will plummet in the coming years
One of the big investment banks is offering a " Reality Check" on Tesla's market share. A courageous act, since the institution in question is trying to become its reference investment bank, but it is there …
A Bank of America note yesterday, the bank suggests that Tesla's US electric vehicle market share could drop to just 19% by 2024, which is sure to shake the market.
The bank says a "slew" of new electric vehicle models are entering the market and this could cause Tesla's current stake to shrink to 69%, Bloomberg wrote in a Wednesday morning statement.
“We think 2022 marks the start of commercialization for electric vehicles, with many automakers launching new products and many historic automakers also starting their assault on new electric cars,” the bank said.
Tesla will have "a smaller market share than traditional automakers by 2024," the statement said. GM and Ford are in a position to be the biggest gainers in market share with Tesla's decline, the bank predicts.
In total, in the United States, the bank expects around 1 million electric vehicles sold in 2022, 1.8 million in 2023 and 3 million in 2024.
Tesla's market share as% of total vehicles sold
Tesla is already facing stiff competition from electric vehicles in markets like Asia and Europe. If the same competitive landscape emerges in the US, Tesla will no longer be the only "trendy" option for electric vehicles, and consumers may soon begin judging vehicle choices based on the actual quality of their vehicles, rather than simply choosing. what is there. In this case, the known problems related to the poor quality of Tesla assembly would emerge powerfully and could also significantly decrease Tesla's share of the market.
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The article Bank Of America: Tesla's market shares will plummet in the coming years comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/bank-of-america-le-quote-di-mercato-di-tesla-precipiteranno-nei-prossimi-anni/ on Thu, 20 Jan 2022 10:00:47 +0000.