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Through September 30, Tesla's EV market share in California declined from 64% to 55% year-over-year — still nearly five times that of Hyundai (5.6%) and BMW (5%) combined.
For the quarter Tesla earned $2.5 billion in the quarter, or 72 cents a share, up 8% from a year ago. Analysts’ consensus forecast had been forecasting earnings per share to slip to 59 cents.
EVs are hot in California. California is crucial for Tesla’s business since the EV share of the state's new car market at 21.4% is nearly three times the U.S. average of 7.5% in 2023.
The agreement allows Tesla to sell and service cars within the state. Previously Tesla could not sell or service vehicles in Michigan. Tesla may deliver vehicles within the state, but they must be titled outside of Michigan and transferred to a new title after purchase. Tesla may not own a service center directly, but a wholly owned subsidiary ...
For instance, Tesla accounted for nearly 55% of all new electric vehicles registered in California in the first three quarters of 2024, a report from the California New Car Dealers Association ...
California makes up 32.5% of registrations of battery electric vehicles in the U.S., and the sluggish popularity of Tesla among new-car registrants comes at a particularly vulnerable time for ...
“We’re just hitting a ‘law of large numbers’ situation here,” Musk admitted recently.
Galpin Auto Sports (or GAS) is an American custom car and automobile repair shop located in the Van Nuys region of Los Angeles, California, which specializes in customizing and remodeling vehicles specifically for their drivers. They also provide specialty parts and accessories.
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