Tesla’s Model Y, a fully electric mid-sized SUV crossover, currently starts at $36,351 in China. AFP via Getty Images The Chinese tech giant only started selling cars in April, but its SU7 sedan has outsold Tesla’s Model 3 on a monthly basis since December. Tesla’s market share in China’s electric car market dropped to 10.4% last year from 11.7% the year before. Meanwhile, Tesla is on shaky ground at home as Musk’s ties to President Trump as the face of his cost-cutting committee have hit the company’s stock. Shares in Tesla soared last year after Musk started campaigning with Trump, endorsing his run for a second term – even as the carmaker suffered its worst sales year ever. But the stock is now plunging, alongside other “Magnificent 7” tech stocks, as Trump’s threatened tariffs spook investors. Tesla CEO Elon Musk and President Trump in a red Tesla car in the driveway of the White House. AFP via Getty Images And Musk’s close ties to the president have also led to a breakout of protests at Tesla showrooms across the country.