Tesla Shares Drop as China EV Demand Slows, Faces Stiff Competition
- Tesla shares falling due to slowing EV demand in China
- Shift from supply constraints to demand constraints in EV market
- Tesla China sales impacted by New Year holiday, but broader pressures on Q1 deliveries
- Competition from BYD and pricing dynamics creates uncertainty for Tesla in China
- Still room for Tesla to grow in China but market is most competitive of regions for Tesla