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Elon Musk Says Tesla's Closest EV Competitor Won't Emerge From US — But This Country
Elon Musk Says Tesla's Closest EV Competitor Won't Emerge From US — But This Country
Tesla Inc. (NASDAQ:TSLA) is the frontrunner in the electric vehicle race, although its global market share has eroded amid competition from upstarts and legacy automakers transitioning to EVs.
What Happened: Tesla CEO Elon Musk Musk said he wasn't really able to look into the future and predict right now which company with a general solution for self-driving could be a distant second. His reply came in response to a question from Canaccord Genuity analyst George Gianarikas. The analyst asked Musk about the EV competitive landscape five years down the line.
See Also: Best Electric Vehicle Stocks
Musk, however, suggested that this scenario wouldn't last forever, and in five years' time, probably somebody would have figured it out.
"I don't think it's any of the car companies that we're aware of. But I'm just guessing that someone might be right out eventually, so yes," Musk added.
When CFO Zachary Kirkhorn brought up the name of Chinese carmakers in this regard, Musk concurred and said he has a lot of respect for car companies in China. He commended them for being the most competitive in the world.
"They work the hardest and they work the smartest, that's so for the China car companies that we're competing against," he said.
"And so we would guess, there is probably some company out of China as the most likely to be second to Tesla."
Why It's Important: Tesla, which once had a dominant market share in China, has now been threatened by domestic upstarts such as Warren Buffett-backed BYD Manufacturing Company Limited (OTC:BYDDY) (OTC:BYDDF), Nio Inc. (NYSE:NIO) and Li Auto Inc. (NASDAQ:LI). BYD, in particular, has been consistently more than doubling its deliveries from a year ago and pursuing international expansion.
Tesla bulls see the need for the company to have a sub-$30,000 car in China to compete against the competitively priced cars of Chinese EV startups.
Price Action: In premarket trading on Thursday, Tesla shares were up 7.13%, at $154.70, according to Benzinga Pro data.
Read Next: Tesla Making Right Decisions To Navigate 'Difficult Year' For Auto Industry, Says Munster: 'Delivery Growth Party Will Only Continue'
Tesla Inc. (NASDAQ:TSLA) is the frontrunner in the electric vehicle race, although its global market share has eroded amid competition from upstarts and legacy automakers transitioning to EVs.
特斯拉公司 （NASDAQ：TSLA）是電動汽車競賽的領先者，儘管在新興汽車製造商和傳統汽車製造商轉型到電動汽車的競爭中，其全球市場份額已經下降。
What Happened: Tesla CEO Elon Musk Musk said he wasn't really able to look into the future and predict right now which company with a general solution for self-driving could be a distant second. His reply came in response to a question from Canaccord Genuity analyst George Gianarikas. The analyst asked Musk about the EV competitive landscape five years down the line.
發生了什麼事： 特斯拉 CEO 伊隆麝香 馬斯克（Musk）表示，他現在無法真正研究未來，並預測哪家擁有一般自動駕駛解決方案的公司可能是遙遠的第二個。他的回答是回應坎雅克德真正分析師的一個問題 喬治·吉亞納里卡斯 分析師問馬斯克關於電動汽車競爭格局五年下線。
See Also: Best Electric Vehicle Stocks
另請參閱： 最佳電動車股票
Musk, however, suggested that this scenario wouldn't last forever, and in five years' time, probably somebody would have figured it out.
但是，馬斯克（Musk）表明，這種情況不會永遠持續下去，五年後，可能會有人弄清楚。
"I don't think it's any of the car companies that we're aware of. But I'm just guessing that someone might be right out eventually, so yes," Musk added.
「我不認為這是我們所知道的任何汽車公司。但我只是猜測有人最終可能會出現，所以是的，」馬斯克補充說。
When CFO Zachary Kirkhorn brought up the name of Chinese carmakers in this regard, Musk concurred and said he has a lot of respect for car companies in China. He commended them for being the most competitive in the world.
當財務總監 扎卡里·柯克霍恩 在這方面提出了中國汽車製造商的名字，馬斯克同意並說他對中國的汽車公司非常尊重。他讚揚他們是世界上最具競爭力的人。
"They work the hardest and they work the smartest, that's so for the China car companies that we're competing against," he said.
他說：「他們最努力地工作，最聰明的工作，這對我們正在競爭的中國汽車公司來說是如此。」
"And so we would guess, there is probably some company out of China as the most likely to be second to Tesla."
「因此，我們猜測，可能有一些公司離開中國，因為最有可能是特斯拉第二的公司。」
Why It's Important: Tesla, which once had a dominant market share in China, has now been threatened by domestic upstarts such as Warren Buffett-backed BYD Manufacturing Company Limited (OTC:BYDDY) (OTC:BYDDF), Nio Inc. (NYSE:NIO) and Li Auto Inc. (NASDAQ:LI). BYD, in particular, has been consistently more than doubling its deliveries from a year ago and pursuing international expansion.
為什麼它很重要： 曾經在中國佔有主導地位的特斯拉市場份額，現在受到國內新趨勢的威脅，例如 沃伦·巴菲特-支持 比亞迪製造有限公司 （OTC：由迪）（OTC：由 DDF）， 尼歐股份有限公司 (紐約證交所代碼:NIO) 和 利汽車股份有限公司 (納斯達克:李).特別是比亞迪一年前的交付量一直增加一倍以上，並追求國際擴張。
Tesla bulls see the need for the company to have a sub-$30,000 car in China to compete against the competitively priced cars of Chinese EV startups.
特斯拉公牛認為，該公司需要在中國擁有一輛低於 30,000 美元的汽車來與中國電動汽車初創公司的價格具有競爭力的汽車競爭。
Price Action: In premarket trading on Thursday, Tesla shares were up 7.13%, at $154.70, according to Benzinga Pro data.
價格行動： 根據本辛加 Pro 的數據，在周四的盤前交易中，特斯拉股價上漲了 7.13％，報 154.70 美元。
Read Next: Tesla Making Right Decisions To Navigate 'Difficult Year' For Auto Industry, Says Munster: 'Delivery Growth Party Will Only Continue'
閱讀下一頁： 蒙斯特表示，特斯拉做出正確的決定，以應對汽車行業「困難的一年」：「交付增長黨只會繼續下去」
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moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國，moomoo上的投資產品和服務由Moomoo Financial Inc.提供，一家受美國證券交易委員會（SEC）監管的持牌主體。 Moomoo Financial Inc.是金融業監管局（FINRA）和證券投資者保護公司（SIPC）的成員。
在新加坡，moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供，該公司受新加坡金融管理局（MAS）監管(牌照號碼︰CMS101000) ，持有資本市場服務牌照 (CMS) ，持有財務顧問豁免（Exempt Financial Adviser）資質。本內容未經新加坡金融管理局的審查。
在澳大利亞，moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供，該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構（AFSL No. 224663）。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件，這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大，透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供，並受加拿大投資監管機構（CIRO）監管。
在馬來西亞，moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供，該公司受馬來西亞證券監督委員會（SC）監管(牌照號碼︰eCMSL/A0397/2024) ，持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.，Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc和Moomoo Securities Malaysia Sdn. Bhd., 是關聯公司。
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