Tesla Sales Peak Called by California Dealers After Another Drop [BNN Bloomberg (Canada)]
Tesla, Inc. (TSLA)
Last tesla, inc. earnings: 4/29 04:11 pm
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Source: BNN Bloomberg
While the carmaker still makes some of the top-selling models in California, overall Tesla registrations declined by 7.8% in the first quarter compared to a year earlier, the trade group said Monday. Tesla registrations slid 9.8% during the final quarter of last year. Tesla's share of California's EV market has dropped 6.4 percentage points to 55.4%, the report said. New battery-powered models from luxury-car makers Mercedes and BMW meanwhile helped those companies gain ground in California, although electric vehicles' share of the overall market shrank slightly during the period. California's “love affair with electric vehicle giant Tesla may have peaked,” the California New Car Dealers Association said in a statement. The company's dominance is waning, the group said, and “traditional manufacturers are stepping up to the plate.” The Elon Musk-led EV maker has been under pressure this year from both increasing competition and weaker demand across the industry. It said last wee
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TSLA
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- 5/13/24 - Form PX14A6G
- 5/10/24 - Form DEFA14A
- TSLA's page on the SEC website