News Snapshot:
Shipments of Tesla’s China-made cars to the domestic market plunged last month following a rash of negative publicity for the EV maker and the recall of nearly every Tesla sold in China. Tesla is facing fiercer competition from local EV startups in China including Nio Inc, Xpeng Inc and Li Auto Inc [File: Bloomberg] By Bloomberg News Bloomberg Tesla Inc. shipments of China-made cars to the local market fell sharply last month following a run of negative publicity and the recall of almost every vehicle the company has sold in the country. Elon Musk’s electric-vehicle maker reported domestic China shipments...
