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Tesla Shares Slip on China EV Sales Pressure
Tesla shares declined as China EV competition intensified, with BYD and Nio gaining market share and analysts trimming global growth forecasts.
Tesla shares slipped in U.S. pre-market trading following reports of softening electric vehicle demand in China, its key overseas market. Rival automakers BYD and Nio posted stronger quarterly sales, highlighting intensifying competition in the EV segment. Analysts have revised down Tesla’s international volume forecasts, citing pricing pressures, slowing global EV adoption, and rising local competition. Investors remain cautious ahead of Tesla’s upcoming earnings and delivery updates, which may further reflect demand normalization trends.