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    Home > Chemicals Industry > International Chemical > Bank of America analysts: Tesla's market share in the United States may fall to 11% by 2025

    Bank of America analysts: Tesla's market share in the United States may fall to 11% by 2025

    • Last Update: 2023-01-06
    • Source: Internet
    • Author: User
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    Bank of America analyst John Murphy said in his annual auto industry forecast that Tesla Inc.
    could cede its status as a major U.
    S.
    electric car manufacturer to General Motors or Ford
    by 2025 as rivals release 135 new electric vehicles.

    John Murphy believes that Elon Musk's company will still grow as electric vehicle sales continue to soar, but its market share will fall from more than 70% today to about
    11% by 2025.
    Tesla has loyal fans, but the company won't be able to keep up with the launch of new models by General Motors, Ford Motor Co.
    and several foreign automakers
    .

    "Elon has been in a vacuum for the last 10 years, without much competition
    .
    Over the next four years, this vacuum is being filled
    by very good products.

    Annual sales of electric vehicles in the U.
    S.
    could grow to more than 3.
    2 million by 2025, up from about 400,000 last year, allowing every company that launches a new model, including Tesla, to make breakthroughs
    in more sales.
    Murphy sees GM and Ford as leading the market, each with about 15 percent of the market
    .

    GM plans to launch 17 new electric vehicle models in the U.
    S
    .
    market from 2023 to 2026, while Ford will launch six.
    During this period, Volkswagen will have 11 models, while the Korean duo of Hyundai and Kia will have 13 models
    .
    They could all be winners and snatch shares away from Tesla, which has announced the Cyber? Plans for
    trucks, semi-trailers and sports cars.
    Tesla will also expand in China and Europe, but not as hot
    as it once was.

    Bank of America analyst John Murphy said in his annual auto industry forecast that Tesla Inc.
    could cede its status as a major U.
    S.
    electric car manufacturer to General Motors or Ford
    by 2025 as rivals release 135 new electric vehicles.

    John Murphy believes that Elon Musk's company will still grow as electric vehicle sales continue to soar, but its market share will fall from more than 70% today to about
    11% by 2025.
    Tesla has loyal fans, but the company won't be able to keep up with the launch of new models by General Motors, Ford Motor Co.
    and several foreign automakers
    .

    "Elon has been in a vacuum for the last 10 years, without much competition
    .
    Over the next four years, this vacuum is being filled
    by very good products.

    Annual sales of electric vehicles in the U.
    S.
    could grow to more than 3.
    2 million by 2025, up from about 400,000 last year, allowing every company that launches a new model, including Tesla, to make breakthroughs
    in more sales.
    Murphy sees GM and Ford as leading the market, each with about 15 percent of the market
    .

    GM plans to launch 17 new electric vehicle models in the U.
    S
    .
    market from 2023 to 2026, while Ford will launch six.
    During this period, Volkswagen will have 11 models, while the Korean duo of Hyundai and Kia will have 13 models
    .
    They could all be winners and snatch shares away from Tesla, which has announced the Cyber? Plans for
    trucks, semi-trailers and sports cars.
    Tesla will also expand in China and Europe, but not as hot
    as it once was.

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