Chinese automakers will destroy their competitors if there are no trade barriers, Elon Musk said. The head of Tesla believes that in current market conditions, Chinese car manufacturers are more competitive. Previously, China’s BYD surpassed Tesla in global sales of electric vehicles for the first time.
China’s automakers could soon destroy their competitors under current market conditions, Tesla CEO Elon Musk said, quoted by Reuters.
The billionaire believes that Chinese automakers are more competitive and will successfully sell their products outside China without trade barriers.
“They will pretty much destroy a lot of other car companies in the world,” Musk said.
At the end of the fourth quarter of 2023, Tesla lost for the first time to China’s BYD in global electric vehicle sales.
Previously, the agency learned of Tesla’s plans to launch a new electric car model. Production of the compact crossover is expected to begin in June 2025. In the first stage, up to 10 thousand electric vehicles will be produced per week.
Author:
Kirill Bilyk
Source: RB
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