Tesla captures 52% of U.S. EV market amid rebound

Despite political controversy surrounding Elon Musk’s shift toward conservative stances and his support for Donald Trump, Tesla has experienced a significant market rebound. In the second quarter of 2026, Tesla captured 52% of all electric vehicle (EV) sales in the United States.

Tesla’s market capitalization has reached $1.2 trillion. This growth occurs as other major American automakers begin to exit the EV market and Chinese EV manufacturers face restrictions on entering the United States market.