CNN BUSINESS | Ford’s Mustang Mach-E is eating into Tesla’s US sales

New York (CNN Business) – Tesla is starting to lose market share among US buyers of electric vehicles, and Ford’s Mustang Mach-E appears to be the beneficiary.

Analysis by Morgan Stanley shows that Tesla’s share of the US EV market fell to 69% in February, down from 81% a year ago.

Tesla’s US sales are still climbing, according to this analysis, due to the increased appetite among US car buyers for electric vehicles. Morgan Stanley estimates that industrywide US EV sales rose 34% in February, compared to a year earlier, even as sales of traditional internal combustion engine vehicles fell by 5.4%, according to the analysis.  —read more—