Reported 12 months ago
Barclays senior autos analyst Dan Levy discusses Tesla's strong performance as the company surpasses vehicle delivery estimates for the second quarter, beating expectations. Despite facing tough competition in China's EV market, Levy believes Tesla can maintain a high single-digit market share as a percentage of total EV sales, highlighting that Tesla has held its ground amid intense competition. Levy also mentions the success of Tesla's Cybertruck model, which is expected to be a niche market for the company with an estimated annual production of around 50,000 units.
Source: YAHOO