Tesla Is Being Eaten Alive by Rivals It Inspired: Liam Denning

The biggest story swirling around Tesla Inc. right now concerns Chief Executive Elon Musk’s sudden, if unsurprising, break with a leader who is as calm and unassuming as he is, President Donald Trump. The important story concerns what is happening far from these shores: China.

Shipments from Tesla’s Shanghai factory fell by 15% in May compared with a year before, according to preliminary data from China’s Passenger Car Association. That marks eight straight months of declining output from Tesla’s single biggest electric vehicle factory, accounting for around 40% of its global capacity. These figures don’t break out which of those EVs get sold in China ...