Tesla Vs GM Vs Rivian: Who Gained The Most Market Share In Q1?
$Tesla Motors(TSLA)$
What Happened: Tesla gained the most market share in the first quarter of 2023 in the U.S., according to new data from Cox Automotive.
Tesla had a market share of 5.1% in the first quarter as opposed to 3.8% in the calendar year 2022, an increase of nearly 1.4%.
Nissan-Mitsubishi (OTC:NSANY) seconded Tesla, gaining 0.7% more market share in the first quarter.
General Motors sold the most vehicles in the first quarter — 587,020 units — but gained only 0.4% market share from 2022.
Tesla, in the meantime, sold 180,993 vehicles in the first quarter, an increase of 39.5% from a year earlier.
The Elon Musk-led company has been ramping up manufacturing at its Berlin gigafactory, reducing its dependence on made-in-China vehicles for European customers.
Its Cybertruck is also the most hotly anticipated EV this year.
$Rivian Automotive, Inc.(RIVN)$
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