Tesla's Chinese EV Rival Is So Popular, The CEO Is Actually Recommending Other Brands To Shoppers
1. Xiaomi launched the YU7 SUV, exceeding Tesla's Model Y specs. 2. YU7 has 240,000 orders in 18 hours, impacting Tesla's sales. 3. Xiaomi's CEO recommends Tesla Model Y due to YU7's long wait times. 4. Tesla's deliveries in China fell 11.7% year-over-year in Q2. 5. Competition in China's EV market intensifies with new entrants.