This is due to the market for electric vehicles growing much faster than Tesla is. The note reports 78% market share in 2018 and 62% in 2022. Numbers for illus

This is due to the market for electric vehicles growing much faster than Tesla is. The note reports 78% market share in 2018 and 62% in 2022. Numbers for illustration only: In 2018 there were 100 people who wanted EVs and 78 of them bought Teslas. In 2022 there were 1,000 people who wanted EVs and 620 of them bought Teslas. In 2026 it is predicted there will be 10,000 people who want EVs and 1,800 of them will buy Teslas.