Tesla’s (TSLA) market share in the U.S. fell to a near eight-year low last month as car purchasers went for electric vehicles from a widening slate of competitors over the aging lineup offered by Elon Musk’s car maker, Reuters’ Abhirup Roy reports, citing data from research firm Cox Automotive. The drop highlights the threat from rival car makers ramping up EV incentives at a tough time for the industry, with analysts anticipating an EV sales increase to continue through September in the U.S. then decline when federal tax credits expire at the end of the month, the author notes.
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