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    <title>Aaj TV English News - Technology</title>
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    <pubDate>Tue, 07 Apr 2026 15:58:26 +0500</pubDate>
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      <title>Tesla’s California market share tumbles despite aggressive price cuts</title>
      <link>https://english.aaj.tv/news/30318843/teslas-california-market-share-tumbles-despite-aggressive-price-cuts</link>
      <description>&lt;p&gt;&lt;strong&gt;SAN FRANCISCO: Tesla’s market share in its key California market tumbled in the first quarter of the year despite aggressive price cuts as rivals stepped up, data showed on Friday.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;Tesla Inc (TSLA.O) controlled 59.6% of the battery electric market in California from January to March, down from 72.7% for the same period last year and the lowest since 2017, according to Reuters calculations based on data from the California Energy Commission.&lt;/p&gt;
&lt;p&gt;Rivals such as Volkswagen AG (VOWG_p.DE), General Motors Co’s (GM.N) Chevrolet and Kia Corp (000270.KS) increased their market shares in California during the period, although they remain in the single digits each.&lt;/p&gt;
&lt;p&gt;Tesla’s sales in California accounted for 16% of the automaker’s global deliveries last year, according to Reuters calculation. California is the biggest U.S. state for zero emission vehicles.&lt;/p&gt;
&lt;p&gt;Tesla CEO Elon Musk’s pursuit of Twitter and embrace of Republicans has sparked concerns about Tesla’s brand, especially in liberal states like California.&lt;/p&gt;
&lt;p&gt;Globally, Tesla posted record quarterly vehicle deliveries for the quarter, but quarter-on-quarter sales growth was modest despite price cuts as rising competition, especially in China, and a bleak economic outlook weighed.&lt;/p&gt;
&lt;p&gt;The price cuts hit Tesla’s first-quarter margins, pushing its shares down nearly 10% on Thursday.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>SAN FRANCISCO: Tesla’s market share in its key California market tumbled in the first quarter of the year despite aggressive price cuts as rivals stepped up, data showed on Friday.</strong></p>
<p>Tesla Inc (TSLA.O) controlled 59.6% of the battery electric market in California from January to March, down from 72.7% for the same period last year and the lowest since 2017, according to Reuters calculations based on data from the California Energy Commission.</p>
<p>Rivals such as Volkswagen AG (VOWG_p.DE), General Motors Co’s (GM.N) Chevrolet and Kia Corp (000270.KS) increased their market shares in California during the period, although they remain in the single digits each.</p>
<p>Tesla’s sales in California accounted for 16% of the automaker’s global deliveries last year, according to Reuters calculation. California is the biggest U.S. state for zero emission vehicles.</p>
<p>Tesla CEO Elon Musk’s pursuit of Twitter and embrace of Republicans has sparked concerns about Tesla’s brand, especially in liberal states like California.</p>
<p>Globally, Tesla posted record quarterly vehicle deliveries for the quarter, but quarter-on-quarter sales growth was modest despite price cuts as rising competition, especially in China, and a bleak economic outlook weighed.</p>
<p>The price cuts hit Tesla’s first-quarter margins, pushing its shares down nearly 10% on Thursday.</p>
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      <guid>https://english.aaj.tv/news/30318843</guid>
      <pubDate>Sat, 22 Apr 2023 11:28:39 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
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        <media:title>A Tesla vehicle drives past Tesla’s primary vehicle factory in Fremont, California, U.S. May 11, 2020. REUTERS
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