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Tesla's sales in California have suffered a six-quarter decline, fueled by escalating "anti-Musk" sentiment. In the first quarter, registrations plummeted by 15.1% year-on-year, while its electric vehicle market share dropped to 43.9%. Despite the overall expansion of the zero-emission vehicle market in California, Tesla's Model Y SUV sales have declined by approximately 30%. The primary factors behind this sales decline are the aging product portfolio and public disapproval of Musk's political endeavors. Additionally, a "boycott Tesla" movement has gained momentum in Europe due to Musk's politically divisive remarks, further dampening its global delivery prospects. Since reaching its peak last year, Tesla's share price has nearly halved, prompting analysts to downgrade their first-quarter earnings forecasts.
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