Tesla and BYD Are Dominating the Global Electric Vehicle Market ...Middle East

In the second quarter of 2024, Tesla's gross margin dropped to a new low after declining every quarter since Q1 2022. Thanks to an uptick in deliveries over the past months, the U.S. automaker and pioneer of getting battery electric vehicles (BEVs) to the mass market still retained the biggest market share among all BEVs sold worldwide.  In the past year and the first three months of 2024, Tesla's share was constant at 19 percent, according to analyses by EV Volumes and Inside EVs for the corresponding periods. The competition, however, is…

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