Tesla held 52% of U.S. electric-vehicle deliveries through August 2026, up from 43% a year earlier, even as its domestic sales declined 16%. The overall U.S. EV market contracted 30%, allowing Tesla to expand its share by shrinking more slowly than competitors. Existing market data separately cited a 2% year-to-date decline in Tesla’s U.S. sales and a 16% decline globally, creating a discrepancy over the applicable sales measure. Fund manager Gary Black attributed Tesla’s relative gain to legacy automakers cutting EV investment in 2025 and the comprehensive Model Y Juniper refresh, while rejecting Full Self-Driving as the main driver. Industry consultant John Murphy called FSD a key differentiator. Model Y sales fell 2% and accounted for about one-third of U.S. EV transactions, while Model 3 sales dropped 34% and Cybertruck deliveries reached 9,769 units. Honda, Volkswagen, Ford, General Motors and Nissan have reduced or delayed EV programs. Analysts maintain a Moderate Buy consensus on Tesla, with a $377.08 average price target implying 3.19% upside.