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Tesla Inc TSLA

Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. The Company's segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty after-sales vehicle services, body shop and parts, paid supercharging, vehicle insurance and retail merchandise. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. The energy generation and storage segment includes the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its lithium-ion battery energy storage products include Powerwall and Megapack.


NDAQ:TSLA - Post by User

Post by NoShoesNoShirton Jan 31, 2024 1:14pm
90 Views
Post# 35855247

Tesla Closes in on Toyota in California:

Tesla Closes in on Toyota in California:

Tesla’s share of all light vehicles sold in California in 2023 surged to 13.0%, behind only Toyota, whose share fell to 15.7% (from 17.3% in 2022), according to the California New Car Dealer Association, based on registrations data by Experian. Honda was #3 with a share of 9.7%. Toyota and Honda had ruled California before the arrival of Tesla.

Tesla’s sales in California jumped by 24.6% in 2023. Toyota’s sales edged up merely 2.0%. This is now the battle for #1 in California. It’s between these two automakers. No one else is even close. Back in 2019, Toyota’s share had been 17.2%, while Tesla’s share was just 3.8%. Toyota has essentially no EVs to sell; Tesla only has EVs. This represents a massive shift in the market, instigated by a newcomer and only automaker that manufactures vehicles in California.

Tesla’s Model Y and Model 3 were by far the #1 and #2 bestsellers in California in 2023 by registrations, far ahead of the next models in line: Model Y sales spiked by 52% to 132,636; Model 3 sales rose by 4.9% to 82,786.

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