Tesla's EV sales in California fall off a cliff, Model 3 down by over 36%, analysts blame Elon Musk
1 month, 3 weeks ago

Tesla's EV sales in California fall off a cliff, Model 3 down by over 36%, analysts blame Elon Musk

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Notably, sales of the Model 3 sedan, Tesla’s second-most important vehicle, fell by a staggering 36%. Overall, the electric vehicle maker saw a 12 per cent decline in annual registrations, according to data from the California New Car Dealers Association The tension between Musk and California has also led to some political consequences. After the election, Governor Newsom warned that Tesla could face exclusion from state EV rebates if Trump’s potential policy changes threaten federal tax credits for consumers. Notably, sales of the Model 3 sedan, Tesla’s second-most important vehicle, fell by a staggering 36 per cent. Competition gaining ground Despite Tesla’s sales struggles, the company maintained a majority of the state’s zero-emission vehicle registrations, although its share dropped from 60.1 per cent to 52.5 per cent.

History of this topic

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