Tesla Inc (NASDAQ: TSLA) shares are up practically one other 10% on Monday following a five-for-one stock break up and are actually up 969% total up to now yr as merchants proceed to purchase shares of the EV maker at any price.Loup Ventures Managing Accomplice and former sell-side analyst Gene Munster mentioned in a weblog publish this weekend that Tesla seems to be pulling off a miracle by leaping seven or eight years forward of its EV opponents.What He Mentioned: Within the first half of 2020, Tesla accounted for about 80% of the whole EV market share within the U.S., 15% share in Europe and about 20% share in China.“Over the next few years, it’s unlikely that traditional auto will close the EV market share gap, as producing EVs is more complicated than producing traditional cars, and producing autonomous vehicles is significantly more complicated than producing EVs,” Munster wrote.Hole Widening? Every new know-how Tesla brings to the market will widen the hole between Tesla and its opponents even additional, in keeping with Munster.“Tesla’s 7-8 year head start is looking more and more like a business miracle that very few companies ever achieve,” Munster mentioned.Along with its current first-mover benefit, Munster mentioned the COVID-19 pandemic has additionally helped Tesla in two key methods.First, a few of Tesla’s opponents have delayed the launch of latest EV models till 2021. Given these developments, Munster is estimating Tesla will enter 2022 with between 70% and 80% market share within the U.S. EV market.Second, the pandemic has sped up the long-term shift in retail from offline to on-line gross sales.A current survey from CarGurus discovered that the proportion of People keen to purchase a automotive on-line jumped from 32% earlier than the outbreak to 61% in April. Munster mentioned Tesla is the “king” of on-line auto gross sales and has just lately added purchasing options reminiscent of Tesla Direct Drop and an Apple Pay choice.Fintech Zoom’s Take: Tesla is clearly dominating an EV market that’s nearly free from opponents at this level. For Tesla to keep up something near its present valuation in the long run, it might want to keep the identical stage of domination as soon as roughly 20 new EV models produced by different auto corporations hit the marketplace for the primary time earlier than the tip of 2021.Associated Hyperlinks:What Tesla Buyers Ought to Know Forward Of Stock Break up Uncommon Tesla Choice Trades Pushing Stock Greater And HigherSee extra from Fintech Zoom© 2020 Fintech Zoom.com. Fintech Zoom doesn’t present funding recommendation. All rights reserved.