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4 reasons why Tesla's 53% stock crash is accelerating today
- Tesla's stock has fallen 53% from record highs reached in mid-December.
- BYD's new battery technology creates competition for Tesla in the Chinese market.
- RBC lowered its price target for Tesla, citing lower pricing on autonomous technology and increased competition in Europe and China.
- Slowing vehicle sales, particularly in China and Europe, are adding to the decline in Tesla's stock.
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