Tesla's US EV market share jumped 30% to 56% in November 2025 despite a 23% sales drop to 39,800 units—the weakest quarter since 2022—while overall EV sales fell 41% post-tax credit expiration. Legacy rivals like Ford and GM face billions in losses amid a fragmented market.
As detailed in prior coverage of Tesla's November sales plunge following the September 30, 2025, federal EV tax credit's end, Cox Automotive data confirms the 39,800-unit figure marked Tesla's lowest quarterly performance since 2022. Yet, with total US EV sales tumbling 41% year-over-year, Tesla's dominance strengthened, its share rising from 43% to 56%.
Tesla's erosion from 80% market share in 2019 continues as legacy automakers ramp up, but struggle: Ford projects $5 billion in EV losses this year despite <10% share, while GM and Hyundai vie for scraps. Experian data shows Model Y at 30% of Q3 EV sales, Model 3 at 10%, Chevy Equinox EV and Hyundai IONIQ 5 at ~5% each, with 10 models hitting 2%+. The market's fragmentation underscores Tesla's edge, with entry Model Y at $37,990 MSRP vs. industry average ~$58,000.
Challenges persist for rivals amid shrinking demand; iSeeCars predicts EVs at just 4% of 2026 new car sales. Tesla eyes a $25,000 sedan, while CEO Elon Musk pivots to AI/robotics. Investors see reassurance in the share gain.
