Tesla (NASDAQ: TSLA) shares are starting the week on a down note. The stock began 2023 with impressive gains of more than 50% as many investors bought the dip after a 65% correction in 2022.
But some industry watchers now see potential trouble ahead, particularly in Tesla's second-largest market. The stock dropped as much as 4.7% Monday morning and remained lower by 2% as of 11:11 a.m. ET.
An analysis released by Reuters today pointed out that Tesla has an uphill battle in the important Chinese market even after its recent success in bolstering demand with vehicle price cuts.
Source Fool.com