EV giant Tesla Inc‘s (NASDAQ:TSLA) popularity in California is spiraling down as per new data from the California New Car Dealers Association (CNCDA).
What Happened: Tesla registrations in California fell 8% in the first quarter from a year earlier to 50,025 units, marking a second consecutive quarterly drop in the state.
Overall BEV registrations in California, however, rose 2.8% to 90,296 units in the period, marked by an increase in registrations for luxury EV makers including Audi, BMW, Cadillac, and Mercedes. California-based Rivian Automotive‘s registrations also rose 87% to ...