But even as sales for EVs are reaching record highs, Tesla’s control over the market is starting to seriously wane, slipping below 50 percent in the second quarter of this year, the New York Times reports. Tesla represented 49.7 percent of EV sales over that period, down from 59.3 percent in Q2 of last year.

So EV market has grown, but overall sales of Tesla have declined in both Q1 and Q2 this year compared to Q1 and Q2 respectively of 2023. I feel like “collapsing” is hyperbole though, but that’s what the article says. (And clickbait attracts more clicks right?)