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Shanthi Rexaline

Tesla Surges Ahead In California’s Car Market, Outpacing Toyota

Tesla Inc. Toyota California GM Honda NYSE
People view a model of the new Tesla Model Y unveiled earlier in Hawthorne, California on March 14, 2019. The Tesla Model Y is the best-selling car in California. (FREDERIC J. BROWN/GETTY IMAGES)

Tesla, Inc. (NASDAQ: TSLA) is surging ahead in California, which is the biggest car market in the country.

Tesla’s new vehicle market share in California stood at 13.6% in the year-to-period, according to data released by the California New Car Dealers Association. This exceeded Toyota Motor Corp.’s (NYSE:TM) share of 12% in the second quarter in 2023.

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