<ul><li>Cadillac's EVs have a conquest rate of about 75%, with 10% being former Tesla owners.</li><li>The automaker is seeing a rise in Tesla owners switching to its Lyriq EV models.</li><li>Cadillac's California registrations increased by 60% year over year, while Tesla faced declining registrations in multiple markets.</li><li>Cadillac is making inroads into Tesla's customer base with its expanding EV lineup.</li><li>The Lyriq model has a conquest rate of 80%, with 25% of buyers coming from Tesla.</li><li>Cadillac has added three additional EV models to its portfolio in the past 6 months.</li><li>In California, Cadillac registrations jumped 60% year over year, while Tesla saw a 15% decrease.</li><li>Tesla's revenue fell short in the first quarter, prompting a decline in automotive revenue and impacting delivery numbers.</li><li>Despite challenges, Tesla's used-car sales volume rose 27% month-over-month, securing a 47% share of the used EV market.</li><li>Elon Musk stated that Tesla has strong sales numbers and no demand issues despite recent challenges.</li></ul>

There's been a rise in Tesla owners switching over to Cadillac EVs, exec says

Discover more