"Tesla's Stock Plummets Amid Reports of Production Cut at China Plant"

Tesla's stock continues to plummet as reports of production cuts at its China plant emerge, contributing to a year of setbacks that have led to a nearly $250 billion decrease in market cap. The company faces increasing competition from Chinese carmakers in the electric vehicle market, prompting price cuts and warnings of lower volume growth. Amid lackluster earnings, some experts suggest it may be time for the Tesla board to consider removing Elon Musk from his leadership role, as pressure on the company mounts and its future growth prospects are questioned.