Known Tesla bull Dan Ives sees a ‘golden age’ for Tesla based on AI and AVs, but that optimistic view faced a colder reality of trade-war fears.

CATL, the world's largest battery maker, rose 13% in its Hong Kong trading debut on Tuesday.

In one sign that Tesla appears to be losing ground to cut-price Chinese brands, sales at China’s SAIC zoomed up 54% in April, according to the ACEA figures. SAIC owns a slew of auto brands including U.K.-based MG, known for its low-cost EV models.