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Silicon Valley EV buyersTheStreet
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76% Informative
A new report shows that EV owners in Silicon Valley , and Tesla 's former hometown, are turning away from the brand in droves.
In Santa Clara County , which includes cities like Cupertino , Mountain View and Palo Alto , registrations of Teslas dropped 22% in the first half of this year compared to 2023 , while during the same period, registrations for its competition grew 41% .
Tesla 's lost grip on Silicon Valley can also be attributed to Musk 's political differences with its buyer base.
At the time of writing, Tesla Inc. , trading under TSLA on the NASDAQ , was down 0.29% and traded at $ 227.20 per share. Related: Veteran fund manager sees world of pain coming for stocks.
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70
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