By the end of 2030, global BEV (battery electric vehicle) adoption is anticipated to reach 40%. According to Needham analyst Vikram Bagri, Tesla’s (TSLA) market share of passenger vehicles could reach ~10%. “Key to our global market share estimate is the company maintaining its high single digit share in China, one of the most mature and competitive markets for EVs,” the analyst explained. “In the West, TSLA has the industry's most expansive charging network, which helps it maintain its strong market share.” Furthermore, in the here and now, Bagri thinks there are several potential catalysts on the horizon.
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Tesla (NASDAQ:TSLA)
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