Seeking Alpha has an analysis of sales figures. Yesterday, however, we got yet another bit of data that confirms that demand has peaked, regionally. I am talking about the largest U.S. market, California. Fortunately, we get data for California registrations per vehicle even if Tesla doesn't provide it. And this is how the numbers look like (Source: California New Car Dealers Association, I, II, III): Q1 2013: 2406 Q2 2013: 2308 Q3 2013: 1840 Q4 2013: 1793 So there you have it again, in the very largest U.S. market the trend is unmistakably down! As California goes, so does the U.S., except for a single factor: expansion to new markets within the U.S. And why might CA sales be down? Could it possibly be the backlog of orders that was drawn down during this period? Bleh.