Tesla’s electric vehicle registrations in California fell by over 15% in the first quarter, according to CNBC. The California New Car Dealers Association cited an aging product lineup and backlash against Musk’s political role as drivers of the decline, including his leadership of the Trump administration’s Department of Government Efficiency. Tesla’s California EV market share dropped to nearly 44% from over 55% a year earlier. Tesla said retooling production lines for the refreshed Model Y at four factories caused several weeks of lost output during the first quarter.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla's electric vehicle registrations in California fell by over 15% in the first quarter,
00:07according to CNBC.
00:08California New Car Dealers Association cited an aging product on him
00:12and backlash against Musk's political role as drivers of the decline,
00:16including his leadership in the Trump administration's Department of Government Efficiency.
00:20Tesla's California EV market share dropped nearly 44% from over 55% a year earlier.
00:26Tesla sent retooling production lines for the refreshed Model Y
00:29and four factories caused several weeks of lost output during the first quarter.
00:33For all things money, visit Benzinga.com slash GSTV.