Tesla's California registrations plunge three quarters in a row, dealer data shows

Quick Summary:

:Registrations of Tesla cars in California fell for the third consecutive quarter in the April-to-June period, indicating mounting challenges for the EV maker, according to a report by the California New Car Dealers Association on Thursday.

High interest rates and stiff competition have led to subdued demand for electric vehicles as consumers opt for less expensive hybrid cars.

Potential Tesla customers in the United States have been shying away from buying its electric cars, partly due to CEO Elon Musk's polarizing persona.

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Article Details

Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: Electric Tesla Report Fell California Quarter Vehicles Cent Market Cars Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 01:30:01 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 455 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21676646

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