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Californians appear to be losing enthusiasm for Tesla [Business Insider]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
The report says Tesla saw a 7.8% dip in sales in the state while Rivian's increased by 87.1% and GMC shot up by 24,700%. Tesla still leads the EV market in California, but CNCDA's president said the registration drops are notable. Californian drivers appear to be losing some enthusiasm for Tesla. A California Auto Outlook report shows year-over-year Tesla registrations are down again in the state. The report , published on Monday by the California New Car Dealers Association, summarizes first-quarter vehicle registration figures statewide. The report said Tesla saw a 7.8% dip in sales in California in the first quarter, down from 54,265 in the last quarter of 2023 to 50,025 in Q1. The drop follows last quarter's 9.8% decline. Meanwhile, EV startup and Tesla competitor Rivian saw an 87.1% increase in California registrations, according to the report. Other brands also saw major increases in EV sales, according to the data, including Mercedes, which saw EV sales increase by a
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