TESLA'S SHARE OF U.S. ELECTRIC CAR MARKET FALLS BELOW 50%

Summary from the TLDR newsletter

Tesla accounted for just under half of all battery-powered vehicles sold in the US in the second quarter of this year. The sales of battery-powered cars have surged to a new record, climbing 11.5 percent from a year earlier, with Tesla losing ground to General Motors, Ford Motor, Hyundai, and Kia. This is the first time Tesla's market share has fallen below 50 percent in a quarter. There are now over 100 electric vehicle models available in the US. Intense competition has led to lower prices, helping push adoption slowly higher.