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Tesla Sales Plummet 15% Amid Rising EV Competition

4/18/2025

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Summary

Story summary

In California, Tesla's sales plummeted by 15% in Q1 2025, marking a significant dip in its electric vehicle market share to 43.9%, the lowest ever. This downturn comes amid a booming 7.3% rise in overall zero-emission vehicle sales, fueled by growing competition from Honda and Ford, alongside increasing "anti-Musk" sentiment.

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Story summary

In California, Tesla's sales plummeted by 15% in Q1 2025, marking a significant dip in its electric vehicle market share to 43.9%, the lowest ever. This downturn comes amid a booming 7.3% rise in overall zero-emission vehicle sales, fueled by growing competition from Honda and Ford, alongside increasing "anti-Musk" sentiment.