Tesla's Troubles: Rising Chinese Competition and Challenges in India
2025-03-19
Tesla is facing a tough year. Sales have fallen year-on-year in the US, China, and several European countries, and its stock price has plummeted. Political factors and the rise of Chinese competitors are contributing to the slump. In China, BYD has become the world's leading EV manufacturer, posing a significant challenge to Tesla. Tesla's expansion into emerging markets like India faces stiff competition from local giants like Tata Motors, and its high prices and limited product options are unlikely to attract buyers. Experts suggest that Tesla needs India more than India needs Tesla. The focus for Tesla should be on addressing existing market issues rather than expanding blindly.
Tech
Chinese Competition