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Tesla's California market share slides despite price cuts: report

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Tesla's market share in California plunged despite slashing prices this year, report says

Potential Tesla buyers in California have been turning their backs on the brand despite a series of price cuts this years, according to a report. showed that Tesla's market share in the state was 59.6% between January and March, down from 72.7% for the same period last year.

Meanwhile, competitors including Volkswagen, General Motors, Chevrolet and Kia all increased their market share increase in the first three months of the year, per the news agency.

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Tesla's California market share tumbles despite aggressive price cutsTesla's market share in its key California market tumbled in the first quarter of the year despite aggressive price cuts as rivals stepped up, data showed on Friday.
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