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Tesla CEO Musk: Chinese EV firms will 'demolish' rivals without trade barriers

Tesla CEO Elon Musk said on Wednesday Chinese automakers will "demolish" global rivals without trade barriers, underscoring the heat the U.S. electric vehicle market leader faces from the likes of BYD, who are racing to expand worldwide. Musk's comments come after Warren Buffett-backed BYD - with its cheaper models and a more varied lineup -overtook Tesla as the world's top-selling EV company last quarter, despite Tesla's deep price cuts through 2023. Chinese car companies were the "most competitive" and "will have significant success outside of China, depending on what kind of tariffs or trade barriers are established," Musk said on a post-earnings call with analysts on Wednesday.

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Tesla CEO Musk: Chinese EV firms will 'demolish' rivals without trade barriers -January 24, 2024 at 09:47 pm EST

Tesla CEO
Elon Musk said on Wednesday Chinese automakers will demolish
global rivals without trade barriers, underscoring the heat the
U.S. electric vehicle market leader faces from the likes of...

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Tesla CEO Musk: Chinese EV firms will 'demolish' rivals without trade barriers By Reuters

Tesla CEO Musk: Chinese EV firms will 'demolish' rivals without trade barriers By Reuters
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Bangkok Post - Musk: Chinese EV firms will 'demolish' rivals without trade barriers

Bangkok Post - Musk: Chinese EV firms will 'demolish' rivals without trade barriers
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Tesla CEO Musk: Chinese EV firms will 'demolish' rivals without trade barriers, ET Auto

Chinese EV Makers: Elon Musk, Tesla CEO, warns that Chinese automakers, such as BYD, with their cheaper models, are a significant threat to global rivals in the EV market. Chinese car companies are highly competitive and have the potential for significant success outside of China, depending on trade barriers. Musk acknowledges that without trade barriers, Chinese automakers will demolish most other car companies worldwide.

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Chinese EV firms will 'demolish' rivals in absence of trade barriers, says Tesla's Musk

Elon Musk sparked a price war last year to woo consumers hit with high borrowing costs, in turn squeezing Tesla's margins and worrying investors.

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Video: Musk says China carmakers may 'demolish' rivals without trade barriers

Tesla CEO Elon Musk said on Wednesday Chinese automakers will 'demolish' global rivals without trade barriers, underscoring the heat the U.S. electric vehicle…

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Will the Biden-Xi meeting change anything

Will the Biden-Xi meeting change anything
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Will the Biden-Xi meeting change anything between the US and China

Will the Biden-Xi meeting change anything between the US and China
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Will the Biden-Xi meeting change anything between the US and China?

Will the Biden-Xi meeting change anything between the US and China?
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