Tesla has big problems in China. It might have a new one in Europe, too

News Snapshot:

Tesla shares moved lower in early Wednesday trading and remain deeply in the red for the year, as investors looked to new data suggesting that the electric-car maker's challenges extend well beyond its current struggles in China. Tesla (TSLA) shares have fallen nearly 25% this year, ceding more than $195 billion in market value, as investors pared back sales and profit forecasts amid slumping EV demand, intensifying competition in China and a global price war that is eating into the group's profit margins. Chief Executive Elon Musk's back-and-forth decision-making, which has included massive layoffs, immediate rehirings and veiled threats to...