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Tesla Registrations Plunge 24% In California, Its Largest Market

zerohedge.com / by Tyler Durden / Jul 6, 2017 

After a week full of abysmal news for Tesla, which some have said is rapidly becoming the new Uber on the bad-to-worse news front, the weekend couldn’t come fast enough for Elon Musk who by now is begging for the simple company of “a little red wine, vintage record and some Ambien.”

But before that can happen, there is even more bad news for the electric car company which today entered a bear market after hitting all time highs just 2 weeks ago: according to Reuters, Tesla registrations in California – by far the largest market of the luxury electric car maker – fell 24% in April from a year ago, based on IHS Markit data. The latest report showing a plateau for Tesla’s products comes amid both investor concerns that demand for Tesla’s luxury Model S sedan is waning ahead of the mass market Model 3 launch, the sales of its Model X actually declined…

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