Tesla sales have fallen all over the world, much of that due to backlash against CEO Elon Musk’s political ties to the Trump administration. Now, the automaker’s share of the bellwether California EV market has dipped below 50%, as competitors draw in EV buyers with a flood of new products.
Is it the “Musk Factor” at play? Industry analysts say a growing backlash aimed at Tesla CEO Elon Musk is clearly responsible for the carmaker’s sliding sales and market share in the key EV market of California, as well as in Europe. But that only complicates the challenges the automaker is facing from growing competition from both traditional automakers like Hyundai, GM and Ford, as well as th increasingly aggressive Chinese brands. More from Headlight.News.