Additional Coverage:
- Why Tesla’s sales are slipping in California, and what it means for Elon Musk’s car company (newsbreak.com)
Tesla’s California Sales Decline Signals Challenges
Tesla’s sales in its home state of California have fallen, marking the third consecutive quarter of decline. This is despite an overall increase in electric vehicle (EV) sales in the state.
Maturing EV Market and Increased Competition
Tesla’s aging lineup and lack of regular updates have made it harder to compete in the maturing EV market. New rivals offer more choices and competitive prices. The rise in hybrid-electric vehicles has also slowed EV adoption.
Musk’s Political Views Impacting Sales
Musk’s increasingly conservative political views are turning off some customers. Tesla owners have expressed their displeasure on social media, and industry experts warn that Musk’s support for far-right candidates could have consequences for the company’s reputation and sales.
Sales Remain High, Musk Denies Impact
Tesla’s sales remain strong overall, but the company has acknowledged slipping market share. Musk has denied that his political involvement is affecting sales, but industry experts believe it may be a contributing factor.