02:27 PM EDT, 07/18/2024 (MT Newswires) -- Tesla's (TSLA) Q2 new car registrations in California dropped 24.1% from a year earlier, marking the third straight quarter of decline, according to the California New Car Dealers Associations Thursday.

The Q2 decline followed contractions of 7.8% in Q1 and 9.8% in Q4 2023, the report said.

Tesla had a market share of 11.3% in California in Q2, compared 14.6% a year earlier, the report said.

Although Tesla's Model Y remains the top-selling car in the California, the industry group said Tesla sales may have peaked.

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