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China Cools on Musk: ‘Two Cars for the Price of One Tesla’

Elon Musk, the company’s chief executive, is fast losing out to Chinese electric carmakers in Tesla’s second-most-important market.

© Manaure Quintero/Agence France-Presse — Getty Images

A Xiaomi SU7 ultra electric car. Chinese drivers that once flocked to Tesla are turning more and more to local brands that offer more efficient cars with better technology, sometimes at half the price.
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