Tesla's Golden State Struggles: Registrations Decline In US' Largest EV Market For 5th Straight Quarter

EV giant Tesla Inc. (NASDAQ:TSLA) had 203,221 vehicle registrations in California in 2024, nearly 12% lower than the year before, according to recent industry data.

What Happened: “Things aren't looking so golden for EV automaker Tesla in the Golden State. Tesla's dominance in the electric vehicle market continues to falter as the brand reported its fifth consecutive quarterly registration decline,” the California New Car Dealers Association (CNCDA)  said in a statement.

Tesla’s new registrations fell 7.8% in the fourth quarter and 11.6% in 2024. For ...

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