Tesla Dominates EVs with 87% Retention Rate Amid 25% Share Plunge

The electric vehicle (EV) sector is witnessing a significant competition between Tesla and BYD, with Tesla maintaining a lead in profitability despite BYD's growing pressure. In the United States, the adoption of EVs is accelerating, with Tesla achieving an 87% brand retention rate, surpassing Lexus at 67% and Toyota at 54%. However, Tesla's share price has seen a more than 25% drop this year, marking it as one of the S&P 500's worst performers. Analysts are divided on Tesla's future financial recovery. Amidst these developments, a Tesla short seller has controversially valued Tesla stock at $14, suggesting potential bankruptcy, while Tesla remains the best-selling and most profitable EV brand globally, having achieved over 1 billion Full Self-Driving (FSD) miles.