Tesla, once rising to success, is now facing challenges with falling car sales, Chinese competition, and issues with products like the Cybertruck.
The company's revenues and profits are being negatively impacted, resulting in a share price drop by over a quarter this year and employee layoffs.
Elon Musk aimed to break the illusion that electric cars couldn't match gasoline cars, as seen in the successful launch of Tesla's Model S with impressive performance and range.
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