$特斯拉(TSLA)$ I believe Tesla will continue to decline, and I've summarized the following factors: 1. High Valuation -- Some investors believe Tesla's stock price is too high relative to its earnings and financial condition, posing a risk of overvaluation. 2. Competitive Pressure -- With other automakers increasing their investment in the electric vehicle market, Tesla may face intense competition, threatening its market share and profit margins. 3. Production Challenges -- Tesla has consistently faced challenges in production and the supply chain, which could negatively impact its ability to deliver products on time and achieve economies of scale. 4. Policy and Regulations -- Changing policies and regulati