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Tesla’s Share of U.S. Electric Car Market Falls Below 50% (archive.ph)

submitted 4 months ago* (last edited 4 months ago) by downpunxx@fedia.io to c/technology@lemmy.world

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A new report estimates that the company led by Elon Musk accounted for just under half of all battery-powered vehicles sold in the second quarter of the year.

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[–] niucllos@lemm.ee 2 points 4 months ago

I don't buy it, tbh. I've been hearing some variant of "Tesla isn't growing more and the stock is overvalued" or in the last five years "Musk is an idiot and is going to tank the stock" since I started paying attention to the markets circa 2012. Musk is a fascist piece of shit, but he does have some quality--and it may just be having more money than God and thus having a sort of wealth inertia--that keeps the stock merrily tripping its way upwards. I bought three shares several years ago on a whim, and between the upward growth and the stock splits I've sold my initial investment amount 3x already and could sell it three more times today and still have Tesla stock leftover