"US EV Sales Battle: Tesla's Rivals Fight for Market Share"

Tesla's dominance in the US electric vehicle (EV) market is pushing its rivals into unprofitable and low-volume niches, as most automakers struggle to sell their EVs at high enough volumes to support full-scale assembly plants. According to Reuters analysis, Tesla outsold its next 19 competitors combined by at least 10 to one during the first half of 2023. Ford's decision to halt work on a $3.5 billion battery plant in Michigan reflects concerns about the growth of the US EV market and the ability of new battery and assembly operations to be profitable. Despite facing increased competition, Tesla still commands nearly two-thirds of all EV sales in the US.