Tesla's share of the US EV market fell to 69 percent in February from 81 percent a year ago as EV sales by traditional automakers more than doubled to 9,527 vehicles with Ford's Mustang Mach-E, accounting for 3,739.
Adam Jonas, Morgan Stanley's auto analyst, noted that the Mach-E accounted for nearly 100 percent of Tesla's share loss.
Ford's Mach-E won SUV of the year honors with deliveries starting in late January. Over 20 percent of Mach-E sales were made in California, where Tesla is particularly popular.
Tesla sales in the US are still climbing due to the increased appetite among US car buyers for EVs.
Morgan Stanley estimates that industrywide US EV sales climbed 34 percent in February from a year earlier, with sales of internal combustion engine vehicles dropping by 5.4 percent.
Tesla, which only reports only global quarterly sales, likely enjoyed a 5.4 percent gain in US sales in February, according to Morgan Stanley's analysis.
Tesla has already fallen behind Volkswagen in EV sales in Many European markets, including Norway, where EVs comprise a majority of new vehicle sales.


OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 



