Transportation
Tesla Slumps Below 50% Share of California’s Electric Car Market
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Tesla Inc. is no longer selling the majority of new electric cars registered in California, the state that accounts for almost a third of all zero-emission vehicle purchases in the US.
The company’s share of EV sales in the state fell to 43.9% in the first quarter, from 55.5% a year ago, the California New Car Dealers Association said Wednesday. Whereas Tesla registrations dropped 15%, sales of all other EVs increased 35% early this year.