New Tesla Registrations in California Fall for 3rd Straight Quarter, But Model Y Still Best Seller ...Middle East

News by : (Times of San Diego) -
Tesla CEO Elon Musk speaks at his company’s factory in Fremont. REUTERS/Noah Berger Registrations of new Tesla vehicles in California fell 24% in the April to June period, marking the third consecutive quarter that the company posted a sales drop in the state where it was founded. High interest rates, stiff competition from other automakers and new interest in less-expensive hybrid cars has softened demand for Tesla’s premium vehicles. In addition, some potential customers have been shying away from buying Teslas due to CEO Elon Musk’s increasingly polarizing persona. Musk’s embrace of Republicans and outspoken comments have sparked concerns about Tesla’s brand. The world’s r

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