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Tesla (TSLA) Tumbles on China Sales Slump as BYD Gains Ground in EV Market

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The Story

News Summary

  • Tesla's Shanghai plant shipments have declined for the second consecutive year amid rising competition and cooling demand in China, with deliveries falling short of expectations and BYD overtaking Tesla globally as the leading EV producer.
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TSLA price history

355.43 -16.68% over the displayed period

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