Tesla Has China Woes to Add to Its U.S. Ones

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By Echo Huang

In 2014, Tesla founder Elon Musk said that in the long run, a quarter of the company’s made-in-California vehicles could go to China. Today, China is Tesla’s second-largest revenue generator, with some $2 billion in sales last year. It’s relying on China for nearly 10% of its revenue this year, according to Bloomberg.

But Tesla’s hopes of increasing its footprint in China, the world’s largest market for electric vehicles, are now facing setbacks. On