Tesla registrations slumped in China in July, even as the the world's largest auto market mounts a coronavirus comeback (TSLA)

· Tesla registered 24% fewer cars in China during July than it did in June, a state-backed group said.
· The slump comes as the world's largest market makes a rebound from pandemic-induced lows. 
· China is increasingly important to Tesla's success, but competitors are slowly beginning to encroach. 
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