Tesla's New Competitor Is a Huge Problem
Once the undisputed leader of the global electric vehicle (EV) market, (NASDAQ: TSLA) has seen its market share shrink sharply amid intensifying competition, especially from Chinese automakers. In the first half of 2025, BYD dominated the global EV market with a 19.9% share. On the other hand, Tesla's share dropped 4.2 percentage points year over year to 7.5%.
However, Tesla is now facing significant competition from an unexpected rival. Meet Chinese smartphone and smart home giant Xiaomi (OTC: XIACF), which has branched out to electric vehicles. With an aggressive pricing strategy, higher claimed range, and deeply integrated human-vehicle-home ecosystem, Xiaomi is giving Tesla a tough fight.
Image source: Getty Images.
Source Fool.com
Tesla Inc Stock
€299.05
-4.420%
Currently there is a rather positive sentiment for Tesla Inc with 105 Buy predictions and 42 Sell predictions.
As a result the target price of 380 € shows a positive potential of 27.07% compared to the current price of 299.05 € for Tesla Inc.
