Plummeting stock, boycotts and flagging sales: What’s fueling turmoil for Tesla?
Tesla is now facing intense competition from other Chinese EV makers, including BYD.
Yet even there, a Chinese official also warned about the impact of Musk’s high-profile politicking.
“As a successful businessman, one should be embracing 100% of the market: Treat everyone nicely, and everyone will be nice in return,” the secretary of China’s Passenger Car Association, said in a briefing Monday, Bloomberg reported. “But if you look at it in terms of voting, then half of voters will be friendly to you and half of them won’t be.”
“This is the unavoidable risk that’s come after he got his personal glory,” the secretary, Cui Dongshu, said Monday, referring to Musk.
On Friday, Reuters reported Tesla was planning to sell a…
