Tesla’s deliveries are sliding in China amid a perfect storm of factors dragging demand down, including Chinese buyers preferring Chinese brands amid the trade war with the US.
The trade war President Trump started with China is also having an impact. The pressure the US is putting on China, and the anti-China messaging, like VP JD Vance calling Chinese people “peasants”, has pushed Chinese buyers away from American brands.
Due to Tesla CEO Elon Musk’s closeness to Trump, Tesla is targeted in particular.