US EditionTesla's California sales down for seven straight quarters
UNITED STATES, JUL 22 – Tesla’s revenue from regulatory credit sales is expected to drop 21% this year and may disappear by 2027 due to recent U.S. policy changes reducing automaker fines.
- Tesla disclosed that U.S. policy changes are reducing demand for regulatory credits, causing expected revenue declines and impacting profitability.
- U.S. policy shifts, including legislation under President Donald Trump, eliminated CAFE fines, reducing demand for zero-emission vehicle production credits.
- Credit revenue will fall 21% this year to $2.17bn, 14 analysts polled by Visible Alpha report, as U.S. policy changes reduce demand for regulatory credits.
- Without that income, Tesla’s first quarter would show a loss, impacting its profitability and benefiting traditional automakers like General Motors, Ford, and Honda.
- Next year, analysts polled by Visible Alpha expect credit revenue to fall to $595m, indicating a long-term decline.
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By Chris Isidore, CNN The decline in Tesla's sales over the past 18 months has been a surprising turnaround for a company that had only recorded a quarterly year-on-year decline in sales before 2024. And the company faces significant problems ahead. Investors already know that second-quarter sales dropped a record 13.5 percent compared to the previous year, the second consecutive quarter in which sales decreased by at least 13 percent. But the s…
Tesla Sales Drop 21% In California Ahead Of Q2 Earnings — Market Share Slips Even As Model Y, Model 3 Remain Top EVs - Tesla (NASDAQ:TSLA)
Tesla Inc.'s (NASDAQ:TSLA) sales woes continue as the electric vehicle giant recorded a 21% year-over-year decline in sales in the state of California. Check out the current price of TSLA stock here. What Happened: The data, released by the California New Car Dealers Association, or CNCDA, on Tuesday, showcased that the automaker recorded over 41,138 new registrations in the second quarter, a 21.1% decline from the previous year's figure of 52,1…
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