The logo of Tesla adorns a Tesla Super Charging station in Saint-Herblain near Nantes, France, March 25, 2025. (REUTERS File)
Share
Getting your Trinity Audio player ready...
|
(Reuters) -Tesla’s electric vehicle registrations in California dropped 15.1% during the first quarter, according to industry data, signaling growing challenges for the Elon Musk-led automaker in the crucial U.S. market.
The company’s quarterly sales globally fell 13% to the lowest in nearly three years, hurt by a backlash against CEO Musk, rising competition and as customers wait for a refresh of its highest-selling electric vehicle Model Y.
“An aging product lineup and backlash against Musk’s political initiatives are likely key factors for the decline in Tesla BEV market share,” the California New Car Dealers Association said.
Tesla’s share of the electric vehicle market fell to 43.9% from 55.5% a year earlier, according to the industry body.
—
(Reporting by Akash Sriram in Bengaluru; Editing by Shounak Dasgupta)
RELATED TOPICS:
Chipotle Tempers Annual Sales Forecast as Dining-out Takes a Hit
51 minutes ago
General Motors to Increase Production at Ohio Transmission Facility
1 hour ago
US Justice Department Directs Investigations Over Gender-Affirming Care
1 hour ago
Exclusive: Trump Expected to Sign Order Pushing Training for Skilled Trades
1 hour ago
Kennedy Declares ‘Sugar Is Poison’ While Announcing Ban on Food Dyes
2 hours ago
Earthquake of Magnitude 6.02 Strikes Turkey, GFZ Says
3 hours ago
Democratic US Senator Dick Durbin to Retire, Sparking Competitive Illinois Primary
4 hours ago
US Brings First Terrorism Charges Against Alleged Venezuelan Gang Member
11 minutes ago
Categories

US Brings First Terrorism Charges Against Alleged Venezuelan Gang Member

Artfully Staged for Takeoff: Fresno Airport Expansion Nears Finish

Chipotle Tempers Annual Sales Forecast as Dining-out Takes a Hit

General Motors to Increase Production at Ohio Transmission Facility

US Justice Department Directs Investigations Over Gender-Affirming Care

Wired Wednesday: What’s the Future of Fresno Unified and the Superintendent Position?

Zakaria Draws Parallels Between Trump’s Tariffs, Failed 1930s Economic Policies
