Tesla Holds 21.6% Share of US Luxury Car Market in H1 2022

by Eva Fox July 12, 2022

Tesla Holds 21.6% Share of US Luxury Car Market in H1 2022

Image: Tesla

Tesla captured 21.6% of the US luxury car market in H1 2022. This reflects an increase of 8.6 percentage points compared to the same period last year, which underlines the growth of its dominance in the country.

Tesla continues to expand into the US market, where it recently launched its second factory for electric vehicle production. In H1 2022, the company captured a 21.6% share of the luxury car market in the country. Thus, compared with the same period in 2021, when Tesla held a 13% market share, the manufacturer added 8.6 percentage points (growth of 66%), according to Automotive News Research & Data Center. It was also enough to surpass Mercedes and BMW.

While Giga Shanghai struggled in Q2 due to a three-week shutdown of production, Tesla's Fremont factory, which manufactures only for the US market, was breaking its own records. In June, the factory reached its highest daily output ever, which was also reflected in the final delivery figures for the quarter. Although Tesla in the US, like all other automakers, faced a shortage of components, partly due to the COVID-19 lockdown in China, and partly due to the Russian attack on Ukraine, the Texan manufacturer managed to successfully end the quarter.

As before, Tesla firmly holds the clear lead in the EV market, leaving no chance for competitors. In addition, the manufacturer is successfully developing in the overall automotive market, as evidenced, among other things, by the predominance in the luxury car market. Due to supply issues, Giga Texas was unable to ramp up production as planned in Q2 2022, which undoubtedly had a negative impact. However, since the situation is now more stable, the second half of the year promises to be extremely interesting and Tesla will bring some surprises.

© 2022, Eva Fox | Tesmanian. All rights reserved.

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Article edited by @SmokeyShorts, you can follow him on Twitter








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