NIO - Tesla looks for answers after feeling some growing pains in China

Tesla (TSLA) is working on vehicles tailored to Chinese consumers amid some rising complaints in the nation about the company's electric vehicles. Tesla exec Grace Tao stated during the Shanghai Auto Show this week that Tesla that the new vehicles developed for China could also be sold in other global markets. That auto show was also the site of a protest against Tesla by a woman claiming her vehicle had faulty brakes. The incident ending up being viewed 220M times on the Weibo social media platform and inspiring a popular hashtag that wasn't kind to Tesla.In addition, Chinese brands are becoming increasingly popular with younger customers who are more likely to buy domestic models, reports FT. Geely (GELYF), Nio (NIO) and XPeng (XPEV) are said to be using technology to attract interest among younger buyers.Perhaps just as important for investors, Tesla has also seen more scrutiny this year from the Chinese government

For further details see:

Tesla looks for answers after feeling some growing pains in China