Tesla registrations slump 15% in EV-loving California

By akash sriram

(Reuters) -Californians passed in Tesla in the first quarter of 15% registration, as the fight against Elon Muski intensified into a state that includes the majority of EVS.

According to California NEW CAR DEALERS Association, Tesla no longer tells the state of EV to most EV market share.

In many cities of California, there were ruthless protests, because responding to other countries in other countries is the main policy of musk involvement and distance in Europe.

California’s EVS embrace is more attitudes to Tesla’s Falloff, given that the sale of total zero vehicles over the year increased by 7.3% in the first three months of the year. While the share of Tesla’s market fell by 43.9%, from 55.5% last year, Honda, Ford and GM’s Chevrolet’s Chevrolet has increased.

“The composition and retroaction of the aging product of the Muscial Political Initiatives is probably key factors for the decline of Tesla Bev market,” said CNCDA on Wednesday.

Tesla shares fell by 5.2%; From mid-December they have lost almost half of their value.

Investors closely monitor Tesla’s earnings Tuesday to see if the company will retain its growth forecast in the main market in the main markets. Analysts have stable to reduce their first quarterly results on average 42 cents due to data from LSEG are below 69 cents.

California is almost a third of Tesla’s sales in the United States, Reuters calculates based on Cox automotive and CNCDA data. It makes it for the success of EV Maker in America, as the state was about 13% of the new registrations of light vehicles nourished in 2023.

While Tesla’s Model Y SUV has left the state-selling state, in the first quarter, its sale decreased by about 30% in the first quarter, CNCDA reports.

Earlier this month, Tesla said earlier that the recycled production lines for the updated model, which led to a few weeks of lost production.

CNCDA also expects that new state registrations will drop by 2.3% to the state due to US trade policy compared to the previous year.

(In Bengaluur and Srirah Akaruau; Eidder Ghosh, David Goffen Gaffen Syamnath)