 |
| Featured Image Credit: Tesla |
Loup Ventures seems confident that Tesla’s (NASDAQ: TSLA) US marketshare will not diminish once new competition enters from OEMs.
“Based on the currently available EV models in the US market, along with the models expected to be released next year, we believe Tesla will exit 2021 with a 70–80% market share. If we’re correct, Tesla’s economies of scale will strengthen, making it more difficult for traditional automakers to benefit from the long-term secular shift to electric,” wrote Loup Ventures’ Gene Munster and Christine Pastor.
So far, Tesla has been met with little to no competition in the EV segment. There were predictions that legacy automakers would eat-up some of Tesla’s marketshare once they released their new energy vehicles.
Tesla (TSLA) Q1 2020 Results Has Gene Munster's Confidence, EV Maker Will Thrive After Pandemic https://t.co/QvyDpj3xZS pic.twitter.com/JCDw64b2Qz— Tesmanian.com (@Tesmanian_com) April 23, 2020
However, OEMs don’t seem to be in a rush to release battery electric vehicles (BEVs) yet, not at a larger scale. Traditional carmakers are still more focused on manufacturing ICE vehicles.
Based on Loup Ventures’ analysis, there are a total of 16 EVs available for purchase in the US, and there could be 28 by the end of the year. However, the majority of the EVs being released may not be viable mainstream options.
“The majority of these new models suffer from one of two critical flaws: starting prices above $70,000 and/or ranges below 225 miles. These two flaws rule out most EVs as mainstream options. In our view, mainstream options are priced below $40,000 with a range above 225 miles,” said the analysts from Loupe Ventures.
Source: Ma. Claribelle Deveza | Tesmanian
No comments:
Post a Comment