Tesla’s EV Market Share Seen Plunging to 11% by 2025, BofA Says (original) (raw)

Tesla Inc. is likely to lose its position as the dominant electric-vehicle maker in the US to GM or Ford by 2025 as competitors release a barrage of 135 new electric vehicles, Bank of America analyst John Murphy said in his annual Car Wars forecast.

Elon Musk’s company will still be growing as EV sales continue to soar, but its share of the market will fall to about 11% in 2025 from over 70% today, Murphy wrote. Tesla has loyal fans, but the company won’t be able to keep up with the pace of new models coming from General Motors Co., Ford Motor Co. and several foreign automakers.