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Bullboard - Stock Discussion Forum 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... see more

NDAQ:TSLA - Post Discussion

Tesla Inc > Tesla Closes in on Toyota in California:
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Post by NoShoesNoShirt on Jan 31, 2024 1:14pm

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.

Comment by greendaze on Jan 31, 2024 2:57pm
Betting against Tsla is a losing proposition. Buy the dips for the win . 
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