Part 6/10:
Polestar, another electric vehicle manufacturer, is also scaling back its presence in China due to diminishing demand. Plans to close 72% of its retail locations paint a grim picture for the brand, which sold only 3,120 vehicles in Q1 2025 compared to Tesla's remarkable 135,000 units. This dismal performance emphasizes not just the challenges for Polestar but also the fierce competition Tesla poses to both legacy manufacturers and newer entrants alike.