Tesla registrations in California nearly halve in second quarter: data

Tesla Inc’s vehicle registrations nearly halved in the U.S. state of California during the second quarter, according to data from Cross-Sell, a marketing research firm that collates title and registration data.

FILE PHOTO: The Tesla logo is seen on a car in Los Angeles, California, U.S., July 9, 2020.

REUTERS: Tesla Inc’s vehicle registrations nearly halved in the U.S. state of California during the second quarter, according to data from Cross-Sell, a marketing research firm that collates title and registration data.

Most parts of the United States were under government-imposed stay-at-home orders between April and June to combat the spread of the coronavirus outbreak, which impacted production and caused a plunge in auto sales.

Tesla’s only U.S. vehicle factory in California was shut for some six weeks of the quarter.

The report released on Wednesday showed registrations in California, a bellwether market for the electric-car maker, plummeted almost 48per cent from a year earlier to 9,774 vehicles in the three months ended June 2020.

Model 3 registrations in the state, which accounted for more than half of the total registrations, fell 63.6per cent to 5,951 vehicles.

Total vehicle registrations in the 23 states from where the data was collected fell nearly 49per cent to 18,702 vehicles.

The automaker had earlier this month outpaced analysts’ estimates for vehicle deliveries in the second quarter, defying a trend of plummeting sales in the auto industry as COVID-19-related lockdown orders kept people at home.

Registration figures might not accurately reflect the number of vehicle deliveries during the quarter as registrations in the United States typically take about 30 days from the time of sale.

Z24 News

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