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> "As more cars turn EV, unless Tesla maintains their marketshare, they will become less and less significant." No, that's not neccessarily true at all. Let's
by Reason077 6y ago
> "As more cars turn EV, unless Tesla maintains their marketshare, they will become less and less significant."
No, that's not neccessarily true at all.
Let's imagine that in 2021, EVs are 2% of car sales globally, and Tesla has 50% of the EV market. That means that Tesla has 1% share of the entire car market.
Now imagine that in 2031, EVs are 50% of car sales globally. And Tesla's share of the EV market has "shrunk" to 20%. But that's still 10% of the entire car market. Even assuming no market growth, that's an enormous 10X (1000%!) sales growth for Tesla over 10 years!
Even though its share of the EV market has shrunk, Tesla is selling 10X more cars and is a far more significant company in 2031.