Recently compiled data on new-car registrations from a large portion of the United States seems to offer further support for that view. According to the Dominion Cross-Sell Report, a compilation drawn from state motor vehicle records, registrations of new Tesla vehicles fell significantly from January to February in the 23 states the report covers. The states include California, which accounts for about half of Tesla’s sales, as well as Texas, Florida and Washington, three other big markets for the carmaker. The totals tend to reflect a lag because cars are often not registered until the month after purchase. The question is whether an ensuing downturn like the one reflected in the Dominion data would prove lasting.

Source: New York Times March 22, 2019 09:00 UTC