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.


Zhipu AI Launches GLM-Image Model Trained on Huawei Chips, Boosting China’s AI Self-Reliance Drive
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation
China Considers New Rules to Limit Purchases of Foreign AI Chips Amid Growing Demand
Taiwan Issues Arrest Warrant for OnePlus CEO Over Alleged Illegal Recruitment Activities
Boeing Reaches Tentative Settlement With Canadian Victim’s Family in 737 MAX Crash Lawsuits
California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery
Sanofi Gains China Approval for Myqorzo and Redemplo, Strengthening Rare Disease Portfolio
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure
TSMC Set to Post Record Q4 Profit as AI Chip Demand Accelerates
U.S. Lawmakers Raise Alarm Over Trump Approval of Nvidia AI Chip Sales to China
BYD Shares Rise in Hong Kong on Reports of Battery Supply Talks With Ford
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production
Chevron Set to Expand Venezuela Operations as U.S. Signals Shift on Oil Sanctions
One Percent Rule Checklist For Safer Forex Trading Risk
Toyota Industries Buyout Faces Resistance as Elliott Rejects Higher Offer
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO 



