Is Elon Musk's Political Views Costing Tesla Market Share? Tesla Model 3 Falls to Third Place in California's Top-Selling Cars from tesla share price pre market Watch Video
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⏲ Duration: 0:51 👁 View: 7.3M times ✓ Published: 01-May-2024
Description: The Tesla Model 3 dropped from the top-selling passenger car in California to third place in the first quarter. Toyota was the top automaker brand in California, with Honda second, as Tesla registrations declined 7.8% year-to-date after falling 9.8% in the fourth quarter. California accounts for more than 32% of US battery electric vehicle registrations. The decline is cited due to Tesla prices relative to competitors, charging infrastructure issues, and buyers who wanted a Tesla may have already gotten one. Elon Musk's controversial public stances on political issues may also be impacting demand, especially in liberal-leaning California. Tesla remains the leading electric vehicle seller in California, though its market share for battery electric vehicles fell by over 6% in the first quarter.