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Tesla's gameplan of deprioritizing low-end EV will likely backfire and lead to a further deterioration in fundamentals, say analysts.
Tesla is again the world's top-seller of battery electric vehicles, taking the title back from Warren Buffett-backed BYD.
Li Auto, Nio and Xpeng, China’s top three premium EV manufacturers, have reported a strong rebound in deliveries in March, while BYD said the sales of its pure electric and plug-in hybrids had surged as well.
Wall Street is bracing for the first Tesla sales decline in four years as appetite for electric cars continues to slow.
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