Tesla California registrations dropped 24.1% in Q2, agency says

The California New Car Dealers Association yesterday released its California auto outlook covering the first half of 2024. California’s new light vehicle registrations fell by 0.7% year-to-date compared to last year, totaling 892,363. Tesla’s future “appears to be dwindling as the brand’s sales continue to decline in the Golden State,” according to the association. The company’s registrations are down 17% year-to-date compared to last year. While the Model Y remains the top-selling car in California, “Tesla sales may have peaked,” it writes. The agency says the new data marks the brand’s third consecutive quarter with registration declines. Registrations dipped 24.1% in Q2, 7.8% in Q1, and 9.8 in Q4 of last year, it added.