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Tesla's California registrations down second quarter in a row, dealer data shows [Reuters]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
second consecutive three-month period, according to data from the California New Car Dealers Association. The data showed about 50,000 new Tesla vehicles were registered in the state, one of the most important markets for the Elon Musk-led EV maker, in the quarter ended March 31. Globally, Tesla's quarterly deliveries fell for the first time in nearly four years as price cuts and incentives proved insufficient in drumming up demand. Still, the company's Model Y crossover was the best selling new vehicle in California, the report said. It added that the Model 3 compact sedan and Model X premium SUV were among the top three best-selling battery electric and plug-in hybrid vehicles. Reuters Graphics The overall market share for battery EVs in the state also fell, to 20.9% from 21.2%, as consumers gravitate to less expensive and longer-range gasoline-hybrid electric vehicles. Tesla bucked the market, which rose 3% as rivals like Mercedes , BMW , Audi and Rivian recorded sharp
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