RE:Tesla cars now at discounted price in China! There is no question that TSLA will grow for at least the next few years. This in part due to the fact that the competition can't produce many EVs.
As the competition increases their capacity to produce EVs, this will slow the growth rate for TSLA.
The issue facing investors of TSLA is that the market is repricing the shares to reflect the fact that the company will be facing stiff competition once the others increase their production capacity and so the previous estimates of the growth rate for TSLA will be lower than previously priced into the shares and hence the lower SP.
TSLA is growth story but previous estimates of that growth rate were too optimistic.