Reported about 5 hours ago
Tesla's electric vehicle registrations in California declined by 12% in 2024, reflecting increasing challenges in the market due to high interest rates, fierce competition, and issues tied to CEO Elon Musk’s political involvement. Despite the Model Y being the best-selling vehicle in the state, the sales of the Model 3 fell significantly, contributing to Tesla's ongoing struggles in the key U.S. market amidst rising global pressures.
Source: YAHOO