Part 2/10:
One of the primary reasons cited for the stock’s dip is the decline in vehicle deliveries in China. The previous week saw a drop in deliveries from approximately 10,000 to around 8,900, surprising many analysts who expected higher numbers. Short-term setbacks like these are often linked to the ongoing impacts of COVID-19, which in China recently transitioned from strict restrictions to more relaxed policies. While these policy changes are beneficial for China's long-term economic health, the immediate aftermath has been turbulent.