Investors are becoming more and more concerned about Tesla's performance, but given the underwhelming

In contrast to the 358,000 units experts had projected, Elon Musk's firm delivered

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According to Bloomberg, the EV business also had the lowest performance inside the S&P 500 Index

And to make matters worse, California, a market long dominated by Tesla, is losing interest in the EV manufacturer.

Tesla was the second-highest selling vehicle brand in California for the first half of the year.

In California, Musk's business sold a staggering 90,895 automobiles, while Toyota earned the top spot with 152,838 sales.

In addition, CleanTechnica notes that during the first half of 2022, the Tesla Model Y outsold the Tesla Model 3

There are indications, though, that Tesla's hegemony in California may be waning.