Market Chatter: Tesla Regains US EV Market Share as Rivals Pull Back

04:57 AM EDT, 09/14/2026 (MT Newswires) -- Tesla (TSLA) is regaining ground in the US electric-vehicle market as traditional automakers scale back their EV offerings, The Wall Street Journal reported Saturday. Tesla's market share fell to 41% in 2025 as competition increased and some buyers turned away from the company amid CEO Elon Musk's political activities, The Wall Street Journal reported. However, Tesla accounted for 52% of US EV sales through August, up from 43% a year earlier, according to Motor Intelligence, the report said. Tesla's US sales have still declined 16% this year to 325,351 vehicles, but the overall US EV market has contracted 30%, according to the report. Tesla's Model Y remains the key driver of its US sales, with deliveries down just 2% this year, the report said. The Journal added that automakers including Ford (F), General Motors (GM), Honda (HMC) and Volkswagen have cut EV production or discontinued models. Tesla did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)