In the first quarter, Tesla's electric vehicle registrations in California saw a significant decline of 15.1%, signaling mounting challenges in its largest U.S. market. The company's market share dropped to 43.9% from 55.5% over the past year, with competitors like Honda, Ford, and GM's Chevrolet increasing their presence. Factors contributing to this decline include an aging product lineup, backlash against CEO Elon Musk's political actions, and customer hesitation while awaiting updates on the popular Model Y. Overall, zero-emission vehicle sales in California increased by 7.3% during the same period, indicating changing consumer preferences.
Tesla's electric-vehicle registrations fell 15.1% in California, marking a significant decline amid growing competition, reflecting challenges in Tesla's key market.
The drop in Tesla's market share to 43.9% indicates increasing competition from traditional automakers like Honda, Ford, and GM, impacting Tesla's dominance.
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