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Tesla's troubles raise questions about its invincibility

·1 min

Elon Musk displayed confidence during a speech at Tesla’s factory in Germany, following an arson incident that caused production to halt. Musk assured employees that nothing could stop them. However, Tesla is facing challenges as its car sales growth slows down, with strong competition from Chinese automakers and established brands like BMW and Volkswagen. Tesla’s stock price has also dropped, raising concerns about the company’s future. Despite Musk’s influence on the electric car market, Tesla has not introduced new mass-market vehicles recently, allowing competitors to gain traction. Furthermore, the company’s pricing strategy has affected profits. Tesla is particularly facing intense competition in China, where more affordable electric cars are available. The company’s ability to regain ground in China remains unclear. Musk’s other ventures and potential disengagement from Tesla add to the uncertainty surrounding the company.