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Tesla’s sales in Europe plunged in April as the electric car maker faced backlash over Elon Musk’s political work and rising competition from China-based rival BYD. Tesla sold just 7,261 cars ...

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“The price move reinforces BYD’s strategy to favour scale over temporary per-car profitability in the domestic EV market,” HSBC analysts including Ding Yuqian said in a report last week.