Tesla has grand ambitions in China but the electric vehicle maker faces steep competition there

8:00 AM ET Tue, 12 Feb 2019

Tesla recently broke ground on Gigafactory 3 in Shanghai and has grand ambitions in China but it faces serious competition there from a mix of Chinese and foreign automakers already manufacturing electric vehicles there, for example: BYD, BAIC Group, SAIC and Nio; and BMW, Mercedes, Audi and Toyota.