
The Wall Street Journal: Elon Musk Is Running Out of Road in China (gated)
Tesla’s market share in China is declining as domestic electric vehicle makers gain popularity, offering models more aligned with local preferences. Chinese consumers increasingly view Tesla as outdated, with rivals now offering features like multiple entertainment screens, built-in refrigerators, and selfie cameras—amenities not found in standard Tesla models.
At the same time, Elon Musk’s standing as a Beijing-friendly figure in Washington has weakened, especially as his relationship with Donald Trump has deteriorated. Meanwhile, top Chinese EV players like BYD and battery maker CATL have unveiled new fast-charging technologies that promise to recharge cars in just five minutes, further intensifying the competitive pressure on Tesla.
There is more at the article if you can access it.
Earlier … note that this has been denied by Musk:
Someone made a mockery of the CyberTruck
ForexLive.com
is evolving into
investingLive.com, a new destination for intelligent market updates and smarter
decision-making for investors and traders alike.