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Tesla is losing the innovation race to BYD as production and sales fall in China, the world’s biggest car market.

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Flagging global sales and Elon Musk’s increasingly outspoken political activities are combining to rock the value of Tesla.

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"I'm going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American," he added. Trump reportedly opted for the Model S, suggesting that ...