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Benzinga
Benzinga
Business
Shanthi Rexaline

Tesla Facing Increasing Competition From These 2 Carmakers: Report

Tesla Inc. Canalys China Nasdaq

Tesla, Inc. (NASDAQ:TSLA) is still the leader of the EV industry, but its dominant market positioning is at risk, according to a new report from Canalys.

EV Competitive Dynamics Shifting: Tesla had a 14% share of the EV market in 2021, a year which saw strong acceleration in sales, Canalys said in its latest Global EV Market Outlook report. The company managed to maintain the top spot despite competition closing in.

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