New European car registrations of Tesla vehicles totaled 8,837 in July, down 40% year-on-year, according to the European Automobile Manufacturers Association, or ACEA.
BYD recorded 13,503 new registrations in July, up 225% annually.
Elon Musk’s automaker faces a number of challenges in Europe, including intense ongoing competition and reputational damage to the brand.
And companies like Uber, Amazon etc. are heavily disliked by a lot of people because of it. This tactic forces smaller companies into bankruptcy and is bad for the consumer in the long run.
So yeah, it is absolutely not good either if China props up their whole EV industry to establish a monopoly. I hope governments around the world are pushing back as much as possible to keep their local car manufacturers alive, their economies will profit from it.
Not supporting this doesn't mean that you don't understand modern economics, on the contrary I would argue.