Tesla US registrations dip 11% in January, the latest sign of demand weakness and consumer backlash

[Eugene]

Source: Yahoo! Finance

Tesla US registrations dip 11% in January, the latest sign of demand weakness and consumer backlash

Pras Subramanian·Senior Reporter
Updated Wed, March 12, 2025 at 3:28 PM EST·4 min read

The latest data out of the US shows Tesla (TSLA) sales slipping here too, following drops in regions like Europe and China.

S&P Global Mobility reports registrations for Tesla vehicles in the US dipped to 43,411 in January, an 11% dip compared to a year ago. Though Tesla retained the top spot in terms of US market share at 42.5%, it represented a whopping drop of 12 percentage points from a year ago. Automotive News first published the S&P data.

Tesla does not report sales data by month or region, so registration data is seen as the best measure of sales. Meanwhile, total EV registrations climbed 14% to 102,188 EVs in the US in January, with brands like Ford (F) seeing EV sales climb 14% (8,366 units) and Chevrolet (GM) up 36% (5,935 units).

Despite the news, Tesla stock closed up 7.6% on Wednesday, with the overall tech sector seeing a boost due to moderating CPI data. The recent pop in Tesla shares follows an over 39% drop year to date.

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Read more: https://news.yahoo.com/news/finance/news/tesla-us-registrations-dip-11-in-january-the-latest-sign-of-demand-weakness-and-consumer-backlash-161419705.html

[tulipsandroses]

1. I would love to see him go the way of The my pillow guy

The next Dem administration should sever ties with his companies or insist that they should be sold. Just as we are demanding that of Tik Tok.