Tesla Inc. is on the verge of losing a key bragging right it’s held for the past six years: outselling all EV competitors in the US combined.
After an underwhelming start to the year for US electric-vehicle sales, it might seem easy to conclude that the boom times are over. Sales were flat in the first quarter, Ford dramatically scaled back expansion plans and Tesla laid off 10% of its global workforce.
This much is clear from Tesla Inc.’s fifth price cut this year: Elon Musk is dead set on seizing much more of America’s SUV market.
It’s official: the supply chain for electric vehicle batteries is coming to America.
Next month, Tesla Inc. plans to deliver the first of its electric Semi trucks—able to haul a full 40 ton-load some 500 miles on a single charge.
