Elon Musk Warns Chinese EVs Could Overwhelm Competitors Without Trade Barriers

Tesla CEO Elon Musk warns that Chinese car companies, particularly in the electric vehicle sector, are extremely competitive and could dominate the global market without trade barriers. Concerns arise as Tesla loses EV sales volume crown to Chinese brand BYD, leading to slashed prices and potential profitability issues. Musk hints at a new vehicle on a next-gen platform in 2025, possibly a long-promised cheaper model. China's advantage in battery supply and production poses a significant challenge to the US EV industry, despite efforts to catch up. While Chinese-made cars face hurdles in the US market, they are making inroads under different branding.