Tesla China: Grim Prospects For CY2025 (NASDAQ:TSLA)
1. Tesla lost EV market leadership in China; competitors like BYD now dominate. 2. Model 3 discounts signal temporary boosts; Model Y refresh offers short-lived relief. 3. Shanghai exports, constituting half of global output, face grim market prospects. 4. Domestic market struggles with macro headwinds and post-incentive challenges. 5. Rising discounting sees rivals offering free self-driving; competitive pressure mounts.