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

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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