April 29 (Reuters) - Registrations of Tesla
vehicles in California fell about 8% in the first quarter of
2024 for the second consecutive three-month period, according to
data from the California New Car Dealers Association.
The data showed about 50,000 new Tesla vehicles were
registered in the state, one of the most important markets for
the Elon Musk-led EV maker, in the quarter ended March 31.
Globally, Tesla's quarterly deliveries fell for the first
time in nearly four years as price cuts and incentives proved
insufficient in drumming up demand.
Still, the company's Model Y crossover was the best selling
new vehicle in California, the report said. It added that the
Model 3 compact sedan and Model X premium SUV were among the top
three best-selling battery electric and plug-in hybrid vehicles.
The overall market share for battery EVs in the state also
fell, to 20.9% from 21.2%, as consumers gravitate to less
expensive and longer-range gasoline-hybrid electric vehicles.
Tesla bucked the market, which rose 3% as rivals like
Mercedes, BMW, Audi and Rivian
recorded sharp upticks in EV sales during the period.
Tesla's share of the battery electric market in California
fell to 55.4% from 61.8% a year earlier, losing ground to the
German luxury carmaker trio, Rivian and Hyundai,
among others.