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Total registrations of Tesla cars plummeted 11.6% for the year, and it accounted for 52.5% of zero-emission vehicle (ZEV) registrations in California in 2024, down from 60.1% in 2023.
Compare the current average gas price in California at $4.49, to lower-taxed southern states like Texas at $2.75, Oklahoma at $2.66 and Louisiana at $2.78. ... For more CNN news and newsletters ...
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.
EVs account for 22% of California sales - or 293,000 through Sept. 30 - and it is unclear how much the state program would cost and if it would include the federal $4,000 tax credit for used EVs ...
Meanwhile, the overall used car market is stabilizing according to iSeeCars.com, with overall prices down 3.6% year over year in June, following price drops of 2.9% in May and 3.6 % in April.
On Monday, Morgan Stanley's Adam Jonas released a note on Tesla, making a bull case for $800 per share, while raising his 12-month price target on the stock from $400 to $430.
(Reuters) - Tesla's electric-vehicle registrations in California fell about 12% last year, according to industry data, indicating mounting challenges for the automaker in the key U.S. market.
Gas prices have fallen or remained steady since Sep. 19 — marking about a 70-day trajectory of decline, Andrew Gross, spokesperson for motor club AAA, said Tuesday. As of Tuesday, the national ...