Things just keep getting more difficult in China for Elon Musk's Tesla
1. Tesla's China sales dropped 18% amidst rising local competition. 2. Xiaomi's YU7 SUV received 300,000 orders within an hour of launch. 3. BYD has overtaken Tesla in global EV sales and revenue. 4. Tesla's leadership struggles may impact its ability to compete effectively. 5. Xiaomi's integrated digital ecosystem poses a new challenge for Tesla.