$Tesla Motors(TSLA)$ why you should sell off now. It is getting ugly.
A trade war with China could be a big problem for Tesla. China is the electric-vehicle giant’s second-largest market.
The company generated $20.94 billion in revenue from China in 2024, or 21.4% of total revenue. And Tesla has two factories in Shanghai, China, one dubbed a gigafactory and the other a megafactory.
Tesla was already seeing sales fall in China, due in part to increasing competition and a backlash against Trump’s stance on trade, coupled with CEO Musk’s role in the government.
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