Overview

• Tesla has reduced production at its Shanghai plant amid sluggish EV sales growth and fierce competition.
• The company's stock has declined over 30% since the start of the year, underperforming the broader market.
• Analysts have downgraded Tesla's stock, citing concerns over growth and increasing competition, especially from Chinese EV makers like BYD.
• Tesla's recent earnings report showed a significant drop in income from operations and a cautious outlook for volume growth.
• Some experts suggest it may be time for the Tesla board to consider leadership changes due to Elon Musk's management style.