Tesla Inc. has experienced a notable decline in its electric vehicle (EV) market share in California, falling to 43.9% from 55.5% over the past year. While Tesla's registrations decreased by 15%, competitors saw a 35% increase in sales. Contributing factors to Tesla's slump include a stagnating product lineup, public backlash against CEO Elon Musk's political positions, and production disruptions from a Model Y redesign. This change comes despite an overall consumer rush to purchase vehicles before impending tariffs, further complicating Tesla's situation in the competitive EV market.
Tesla Inc.'s market share in California's electric vehicle sales plummeted to 43.9% amid rising competition and company-specific challenges, marking a significant decline.
The decline in Tesla's share has been attributed to an aging product lineup and backlash against CEO Elon Musk's political activities, alongside manufacturing disruptions.
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