If you’re a fan of Tesla, read this
In Q2, new car registrations for Tesla dropped 24% year-over-year in California, marking the third straight quarter of declining sales. $Tesla (TSLA.US)$
A report from the California New Car Dealers Association also shows Tesla's EV market share falling to 53.4% from 64.6% a year ago. Overall, Tesla sales in California are down 17% this year.
Despite this slump, the Model Y remains the top-selling car in the state.
And zooming out further, Tesla remains the most valuable automaker globally, with a market cap of$763B. That’s well ahead of Toyota, which holds the number two spot with a $271B market cap.
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Jooooohn : Yeah because to many people bought teslas there and it’s a charging nightmare. Also how could you afford a new car there? One state shouldn’t reflect the entire country.