What’s Ailing Tesla?

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More people are buying electric cars, just not from Elon Musk.

By Cameron Abadi, a deputy editor at Foreign Policy, and Adam Tooze, a columnist at Foreign Policy and director of the European Institute at Columbia University. Sign up for Adam’s Chartbook newsletter here.

Tesla vehicles stand outside of a Brooklyn showroom and service center in New York City.

Tesla vehicles stand outside of a Brooklyn showroom and service center in New York City, on Aug. 27, 2018. Spencer Platt/Getty Images

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Tesla is one of the worst-performing stocks on the S&P 500 Index this year amid falling sales of its electric vehicles and intensified competition with Chinese brands. That recently led the company to lay off around 14,000 employees, including the entirety of its team responsible for its U.S. Supercharger network.

Cameron Abadi is a deputy editor at Foreign Policy. Twitter: @CameronAbadi

Adam Tooze is a columnist at Foreign Policy and a history professor and the director of the European Institute at Columbia University. He is the author of Chartbook, a newsletter on economics, geopolitics, and history. Twitter: @adam_tooze

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