The report says US electric vehicle Q3 sales reached an all-time high of 300000, and Tesla's market share was the lowest in history.

Thanks to CTOnews.com netizen Alejandro86 for the clue delivery! CTOnews.com, Oct. 14 (Reuters)-according to a report released by Cox Automotive, US electric vehicle sales jumped to more than 300000 for the first time in the third quarter, but Tesla's market share fell to an all-time low-only half of the market share, down from 62% in the first quarter.

Cox believes that with the launch of Cybertruck electric pickup trucks, Tesla may reverse the downward trend. Unfortunately, due to the heavy stainless steel body provided by the supplier Otto Kunpu, which affected the service life of the Cybertruck, it was finally decided to delay delivery.

"higher inventory levels, more product supply and downward pricing pressure help stimulate sustained linear growth in electric vehicle sales in the US market," Mr Cox said. " The price war launched by Tesla has reduced the average price of electric vehicles from $52212 last month to $50683 in September, he added.

CTOnews.com learned from the report that total electric vehicle sales in the United States rose nearly 50% in the third quarter compared with the same period last year, accounting for 7.9% of the industry's total sales, an all-time high. Rivian delivered more cars in the third quarter than analysts expected and reiterated its annual production target of 52000 vehicles.

At the same time, Tesla's delivery in the third quarter fell short of market expectations as its factory planned to upgrade to launch a refurbished version of Model 3, bringing production to a standstill.