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Tesla Sales Have Peaked in California, Industry Group Predicts
- Carmaker lost 6.4 points of EV market share in first quarter
- Musk-led company is under pressure from new competitors
Tesla Inc. sold fewer vehicles in California for the second straight quarter, suggesting its popularity in the state may have peaked, according to a report from the California New Car Dealers Association.
While the carmaker still makes some of the top-selling models in California, overall Tesla registrations declined by 7.8% in the first quarter compared to a year earlier, the trade group said Monday. Tesla registrations slid 9.8% during the final quarter of last year.