Tesla's Golden State Struggles: Registrations Decline In US' Largest EV Market For 5th Straight Quarter

Quick Summary:

Tesla's dominance in the electric vehicle market continues to falter as the brand reported its fifth consecutive quarterly registration decline,” the California New Car Dealers Association (CNCDA)  said in a statement.

EV giant Tesla Inc.(NASDAQ:TSLA) had 203,221 vehicle registrations in California in 2024, nearly 12% lower than the year before, according to recent industry data.

What Happened: “Things aren't looking so golden for EV automaker Tesla in the Golden State.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United States

Topics: Electric vehicles Tech California TSLA Elon Musk Benzinga News US88160R1014 EVs Mobility KeyProj

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-04 @ 06:32:55 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 297 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 25879055

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