BMW Earnings Plunge; Tesla Sales Slide as China Competition Intensifies

BMW, a car company, made less money in the first few months of the year, partly because it's harder to sell cars in China.

At the same time, another car company, Tesla, didn't sell as many cars in Germany.

This might be because of competition and the owner's political views.

However, another car company, BYD, is selling more cars in Germany.

Overall, people are buying more electric cars.

The price of goods from Mexico, Canada, and China may cost BMW about 1 billion this year.