Tesla Inc (NASDAQ:TSLA) is struggling with sales demand in several territories around the world, including China. A new report suggests that Tesla's declines in China may have arrived at a particularly inopportune time.
What Happened: Increased competition from other electric vehicle and automotive companies has hurt Tesla in China, as it is being outpaced on key items such as pricing and technology features. The company is also facing competition from new companies entering the market, like smartphone company Xiaomi.
