A 24% plunge! Tesla's new car registration volume in California has declined for three consecutive quarters
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Tesla's registered volume in California has declined for three consecutive quarters by 24%, facing challenges of declining sales and competitive pressure. Consumers are more inclined to purchase cheaper hybrid cars, and Tesla's appeal seems to be weakening. In addition, image issues of Tesla's CEO Musk have also affected the company's sales. Although Tesla's Model Y is still the best-selling model in California, its market share is decreasing. Tesla's market share in Europe has also declined, ranking tenth in the market. The challenges facing Tesla are becoming increasingly severe
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