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Tesla — Just Getting Started
New Price Target 2025 and Beyond
Tesla Inc., founded in 2003, has evolved from a niche electric vehicle manufacturer to a major player in the automotive and energy sectors. The result of the 2024 U.S. presidential election, which saw Donald Trump returning to office, marks a significant political shift with potential implications for major technology and automotive companies like Tesla. Understanding these impacts requires examining past policies, existing dynamics between political figures and Tesla’s CEO Elon Musk, and future projections.
Tesla’s Current Market Position
Global Market Share: As of the latest reports, Tesla maintains a significant share in the global EV market, driven by its strong brand reputation and technological leadership. Analyse its presence across key regions like North America, Europe, and Asia. In the second quarter of 2024, Tesla’s gross margin hit a record low while the company maintained the largest market share among battery electric vehicles (BEVs), though its global share dipped slightly from 19% to 17%. Competition has intensified, with Chinese conglomerate BYD closing in. BYD’s market share grew by 9…