🚗Tesla is starting to lose market share

Friday, 5th March 2021 by Gotrade

Hey Gotraders,

Governments worldwide have realized the benefits that electric cars would have on our environment and taking steps to make carbon-neutral cars a reality. Many of them are building out the infrastructure needed such as electric-charging stations. General Motors(GM) announced yesterday that by 2035, they will only produce electric cars. The Singapore government has committed to phasing out cars with internal combustion engines by 2040.

Tesla(TSLA) is known as the leader in this industry thus far. However, the increased demand for electric vehicles has resulted in the emergence of several new players in the EV market - such as Nio(NIO), Xpeng(XPEV), Ford(F), and General Motors(GM). Even companies like Apple(AAPL) are looking to develop an electric car.

The question here is - Is there enough market share for all the players? Or is it getting too crowded? According to a Morgan Stanley(MS) report, Tesla’s market shares have dropped, but it’s overall deliveries have still grown in the US. Last year, Tesla had 79% of the US EV market - which itself represented only 1.8% of the US auto market. This number is expected to fall below 60% this year. Tesla will continue to grow in the US market, but its market share in the EV market specifically will likely lessen.


📉 Disney to shut 20% of their stores 👎

Disney(DIS) has announced that it will be shutting down 20% of its retail stores. That’s 60 stores! The pandemic has caused a shift in consumers’ shopping habits, which has resulted in Disney opting to make its offerings available online, while slowly closing its brick-and-mortar stores. Disney’s shares are down 2.2% since its announcement, trading at $188.03.


📈 Square to acquire Jay-Z’s music streaming service 🎵

Square(SQ) has announced that it will be acquiring Tidal, the music streaming service owned by rapper, Jay-Z. What an unexpected partnership. Square’s CEO Jack Dorsey, believes that Tidal has presented itself as the artist-friendly alternative to other music streamers, and Square intends to take that phenomenon further for musicians - just as it has for businesses with its financial systems. Looks like Square is diversifying into other industries! Stocks of Square are up over 180% in the last 1 year.


Top movers & shakers 🎢


What else is making headline news

  1. Apple(AAPL) faces antitrust probe in the UK over its Apple Store rules.

  2. Amazon(AMZN)-backed food delivery firm Deliveroo picks London for its blockbuster debut.

  3. Netflix(NFLX) launches “Fast Laughs”, a short video feature aimed at highlighting comedic clips from its suite of content.

That’s all from us for now. 

Signing out,

Gotrade Team


Enjoyed the newsletter? 🤗

Why not share with your family or friends who may be interested in starting their investing journey. Simply forward this newsletter - all they got to do is click the “Subscribe Now” button below… or they can get the Gotrade app - they’ll automatically become a subscriber.


The legal stuff 🤓

Disclaimer : TR8 Securities Inc., trading as Gotrade, provides this service as general information only, without taking into account your circumstances, needs or objectives. You should consider the appropriateness of any forecast or other information herein for your individual situation. If in doubt, you should seek independent professional advice. Gotrade utilises financial information providers and information from such providers may form the basis for an analysis. Gotrade accepts no responsibility for the accuracy or completeness of any information herein contained. Additionally, any third-party information provided therein does not reflect the views of Gotrade or any of their subsidiaries or affiliates. Opinions are the authors; not necessarily that of TR8 Securities or any of its affiliates, subsidiaries, officers, or directors.
All investments involve risk and past performance does not guarantee future results or returns. There is always the potential of losing money when you invest in securities or other financial products.
TR8 Securities Inc., is licensed to carry on business as a Labuan Securities Licensee under the Labuan Financial Services and Securities Act 2010 (License No. SL/20/0014).

Loading more posts…