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News  ›  Benzinga

Elon Musk Gives A Nod To China's Massive Domestic Market, Which Is 'Way Bigger' Than Most People Realize

Benzinga Logo Benzinga By Vishaal Sanjay
Elon Musk Gives A Nod To China's Massive Domestic Market, Which Is 'Way Bigger' Than Most People Realize

Elon Musk endorsed a post highlighting China's domestic market, which represents 80% of its $19.4 trillion GDP. Despite trade tensions, China maintains a massive trade surplus, while Tesla faces sales challenges in the Chinese market.

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TSLA   negative

Experiencing first potential annual sales decline in China, facing growing consumer demand issues and intense competition from local automakers