Shares of electric car leader Tesla (NASDAQ: TSLA) are losing some steam Tuesday, falling as much as 5% in early trading and still down about 2.2% as we approach the noonday mark (EDT). A couple of things, actually -- but both of them are named "China." As Barron's reports this morning, Tesla sold fewer than 26,000 electric vehicles in China in April, a 26% sequential slide from the 35,000 units moved in March.
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