Tesla's California car registrations fell 24% in Q2, marking three consecutive quarters of sales decline.

Tesla's California car registrations fell 24% in Q2, marking the third consecutive quarter of sales decline, according to the California New Car Dealers Association. High interest rates, stiff competition, and CEO Elon Musk's polarizing persona are contributing factors. Tesla's Model Y remains the best-selling model in the state, but the company's market share has dropped from 64.6% in 2021 to 53.4% in the first half of 2022.