Tesla's California Market Share In Decline As Rivals Make Gains

  • 📰 InsideEVs
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Tesla's California Market Share In Decline As Rivals Make Gains via insideevs.com

, California is the biggest US market for zero emission vehicles, which also include hydrogen fuel cell and plug-in hybrid-electric vehicles. Sales of zero emission vehicles, the majority of which are fully-electric, represented 18 percent of total new car sales in California so far this year.

Besides dominating EV sales, the carmaker also topped brand consideration in California, where 53 percent of potential electric vehicle buyers considered Tesla this year, according to a study by California auto consultancy. Mind you, Tesla's brand consideration score is also down from the previous survey last year that found it at 58 percent.market share is reaching a saturation point in California, and that he expects competitors to continue to take away market share.

Some analysts believe that Tesla CEO Elon Musk's recent acquisition of Twitter has sparked concerns about the EV brand, especially in liberal states like California. For example,analyst Sam Abuelsamid said the Twitter deal could have discouraged some potential Tesla buyers who had previously supported Musk and his clean energy mission., after a first bid in April 2022.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

That was bound to happen and their market share will continue to decline as more and more compelling offerings come to market by competitors. They’ll eventually find their equilibrium. Just curious where that equilibrium will be.

Their “recent” price hikes across the board are to blame.

passthebeano nobody could have seen this coming!

If one non Tesla EV is sold they loose market share clickbait basicmath

You really don’t know how market share works 🧐

When you promote Putin and Trump some won’t buy the car: bad for the drivers image

Good

Lol

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 579. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla Has A 73% Share Of California's EV Market But It Is Slowly Shrinking | CarscoopsTesla Has A 73% Share Of California's EV Market But It Is Slowly Shrinking | Carscoops carscoops There is no such thing as 'EV market' except in the minds of legacy auto media, legacy automakers, legacy policymakers, and legacy Wall Street analyst firms that think in terms of 20th-century sectors. It is a feel-good fiction to deny EV disruption + dismantling of legacy auto.
Source: Carscoop - 🏆 306. / 63 Read more »

Spain: Plug-In Car Sales Maintained 10% Market Share In October 2022In October, 6,755 new plug-in electric cars were registered in Spain (up 2% year-over-year), which is 10.0% of the market.
Source: InsideEVs - 🏆 579. / 51 Read more »

Crypto Market Liquidations Hit $300 Million in Last 12 Hours, Bull Market Canceled?$FTT and $ETH are the two biggest liquidation providers on the market today, thanks to the FTX situation
Source: Utoday_en - 🏆 295. / 63 Read more »