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As electric car sales rose 2% in California, Tesla's sales in the state fell 3.5%, according to third-quarter figures from the California New Car Dealers Association. That's not an anomaly.
After a change of political leadership in Michigan's executive branch, on January 22, 2020, Tesla and the state of Michigan agreed to settle Tesla's 2016 federal lawsuit against the state for unfair vehicle sales and service restrictions. The agreement allows Tesla to sell and service cars within the state.
Tesla's California registrations fell to 52,211 vehicles in the second quarter, according to a report by the California New Car Dealers Association. The battery electric vehicle market slipped ...
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.
The Tesla Model 3 topped plug-in car sales in California for three years running, from 2018 to 2020. [ 8 ] [ 9 ] [ 10 ] The Tesla Model Y was the best selling plug-in car in the state in 2021, and second in the overall car market.
The DGS data shows 554 Teslas in California’s active vehicle fleet. All of them are Model 3s, and the vast majority are the 2023 vintage. Most of the cars were purchased in 2022.
“We’re just hitting a ‘law of large numbers’ situation here,” Musk admitted recently.
One 2016 study estimated that at least 25 percent of Californians bought their electric cars or plug-in hybrids simply to go faster on the freeway, but this is not sustainable any longer. Everyone ...