As sales continue to crater in the US and Europe, Tesla's reliance on China, its second-largest market and biggest production hub, is growing. But thanks to a surge in far more price-competitive and lucrative offerings from Chinese EV manufacturers, like BYD, Tesla's existing woes could soon continue to grow. Its market share in China is shrinking, the Wall Street Journal reports, which could represent yet another nail in Elon Musk's carmaker's coffin. The company sold 40,000 fewer cars in China in May, a massive 30 percent drop from the same month last year, a familiar story that's playing out in […]

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Link :
https://futurism.com/tesla-serious-trouble-china