I think it's due to the Chinese government changing some regulations on EV subsidies, may affect EV sales

My take is Tesla don't make much from sales of their cars but more on subsidies given by governments. Most importantly, they sell direct without agents making price more attractive to buyers, can VW move in this direction worldwide? I doubt do

Base on today's stock price it makes no sense for it to be at current price, I think price going to drop to $80