UBS: BYD and Xiaomi surpass Tesla as the top choice for Chinese consumers buying electric cars.

A recent survey released by UBS showed that the global consumer interest in purchasing Tesla has dropped from 39% to 36%, and its position as the preferred electric car brand has also fallen from 22% to 18%. In the Chinese market, Tesla's preference has decreased from 18% to 14%, being surpassed by BYD and Xiaomi. Chinese consumers are now more inclined towards local brands, and Tesla is no longer seen as a technology leader.