Investors are looking for evidence Musk’s politics are hurting Tesla. It’s hard to find, but California might be turning against Musk—slowly.

Tesla's electric-vehicle registrations in California fell about 12% last year, according to industry data, indicating mounting challenges for the automaker in the key U.S. market.

Registration of Tesla’s electric vehicles (EVs) in California plummeted by 11.6 percent in 2024, a new report has found. The company’s market share also dropped 7.6 percent last year,