According to Woofun AI, The Future Fund LLC investor Gary Blake issued a stern warning on Saturday, believing that Tesla (TSLA.US), led by Elon Musk, is losing its dominant position in the US electric vehicle market and that its huge first-mover advantage is gradually being encroached upon by competitors.
Blake responded to user @TheTeslaBull's question on the X platform about recommendations for high-quality electric vehicles, but he didn't think this was the core contradiction. He asked: The US electric vehicle market share fell all the way from 80% in 2020 to a record low of 41% in 2025 and only rebounded to about 52% in the first eight months of 2026. How can Tesla stop this trend to find a reasonable basis for its price-earnings ratio of more than 200 times (based on about $2 per share adjusted for 2026)? He pointed out that Hyundai Motor Company, Toyota Motor Company (TM.US), General Motors (GM.US), Ford Motor Company (F.US), and Rivian Automotive Inc. (RIVN.US) are the top performers in this field.
Notably, Rivian plans to launch a “peer-to-peer supervised” autonomous driving service from the end of 2026, and set the target point for Level 4 autonomous driving in 2028, first for R2 robotaxi in partnership with Uber. According to data compiled by Woofun AI, the CEO of Ford Motor Company revealed during the company's earnings call for the third quarter of 2026 last week that the upcoming all-electric pickup Fathom is expected to sell for $28,350. This price exceeds his expectations, and thanks to bidirectional power transmission technology, car owners can power their homes without installing wall-mounted inverters.
Although autonomous driving technology has not yet become a major factor in consumers' car purchase decisions, Blake emphasized that it will bring about drastic changes in the overall pattern of the automotive industry and become an important force driving changes in market share. In terms of share price performance, Tesla's stock fell 0.87% in overnight trading to close at $399.81.