Elon Musk says Chinese EV makers will ‘pretty much demolish’ most competitors without trade barriers
Elon Musk said Chinese electric car makers will find “significant” success outside of China, even as his auto firm, Tesla, faces intense competition from these same companies.
“Frankly, I think, if there are not trade barriers established, they will pretty much demolish most other companies in the world,” Musk said.
Automakers including BYD, Nio and Xpeng have expanded sales outside of China in the last two years, looking to take on established brands.
“Frankly, I think, if there are not trade barriers established, they will pretty much demolish most other companies in the world,” Musk said.
Automakers including BYD, Nio and Xpeng have expanded sales outside of China in the last two years, looking to take on established brands.
Elon Musk said Chinese electric auto makers will find “significant” success outside of China, even as his firm, Tesla, faces intense competition from these same companies.
“The Chinese car companies are the most competitive car companies in the world. So, I think they will have significant success outside of China depending on what kind of tariffs or trade barriers are established,” Musk said on Tesla’s earnings call Wednesday.
It’s not the first time Musk, CEO of Tesla, has heaped praise on Chinese EV makers. Last year, the billionaire called Chinese EV firms “the most competitive in the world” and said they are likely to be among the world’s top auto companies.
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YC Xiao : Don't understand this sentence "what kind of tariffs or trade barriers are established "
bullrider_21 : This means that Tesla and the US are scared of China EV makers.