Tesla losing ground in American EV market: Cox Automotive

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Tesla (TSLA) has been on a run as of late, though shares fell on Thursday following a report that the company would be delaying its robotaxi unveiling to October from August. It comes as Cox Automotive has found Tesla's share of the electric vehicle market in the United States has fallen below 50%.

Pras Subramanian discusses the report and how Tesla's rivals are ramping up EV production efforts to penetrate further into the American auto market.

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This post was written by Luke Carberry Mogan and Stephanie Mikulich

Note: This post was updated following the publishing of the Cox Automotive report.

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