Tesla has lost over $94 billion in market value so far in 2024, its worst start to any year, as signs grow of slowing EV demand. The company cut prices in China again and warned of component shortages delaying production at its Berlin factory. Tesla margins have fallen sharply due to price cuts aimed at boosting sales volumes. Rising labor costs at its US plants from pay hikes for production workers add further pressure. Investors are concerned about stagnating growth as competition intensifies in China and globally.