In a recent development, Tesla's dominance in the electric vehicle (EV) market has shown signs of waning as its market share in the United States has fallen to 58%. This decline comes as the overall growth of the EV sector in the country appears to be slowing down. Furthermore, Tesla's iconic models, the Model X and Model S, have also faced challenges as their financial performance takes a hit, with both turning red in recent financial reports. This shift in Tesla's market standing and financial performance raises questions about the future of the company in an increasingly competitive EV market.