Another reason why Tesla is lowering prices in China. That affects Tesla's bottom line worldwide.

I think it is hard for westerners to accept that we are no longer in the driver's seat (pun intended) in the global economy. China has overtaken the west.

Tesla is very dependent on China both for sales and parts. This is just another example of someone chipping away at Tesla market share.

Tesla is cerrtainly not going under any time soon, but their continued non-delivery on new models and technology is helping speed their decline.