Warren Buffett-Backed BYD's Sales Executive Warns Tesla Ahead Of Earnings: 'You'll Face Serious Challenges'
Tesla, set to report its results after the market closes on Wednesday, is under pressure due to a slowdown in global EV demand and the need to maintain its profit margins. The company has already reduced its prices in China, the world's largest auto market, amid intensifying competition and investor doubts, which have led to a market valuation drop of over $94 billion in the first two weeks of 2024.