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GM, Ford rising, Tesla falling in EV 'car wars' in U.S., Bank of America analyst says

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GM, Ford rising, Tesla falling in EV 'car wars' in U.S., Bank of America analyst says

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BofA analyst John Murphy said Tesla's domestic market share is expected to decrease from 70% or more in recent years to around 11% in 2025.

GM, Ford rising, Tesla falling in EV 'car wars' in U.S.

His conclusion is based largely on BofA's annual Car Wars study, which assess an automaker's performance based on new and redesigned vehicle launches.


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Category: Economy

Topics: Markets Source:tagname:CNBC US Source Breaking News: Business Ford Motor Co Climate Autos United States PRO Home Pro: Pro Insight Manufacturing Investment strategy Detroit US: News Cnbc Tesla Inc CNBC Pro Articles Technology Transportation John Murphy Business News Elon Musk Business General Motors Co Premium Investing Automobiles and Components

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 19:22:06

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 3 minutes read

Article Length: 420 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 23560

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