Elon Musk Warns of Chinese EV Dominance Without Trade Barriers

1 min read
Source: CNBC
Elon Musk Warns of Chinese EV Dominance Without Trade Barriers
Photo: CNBC
TL;DR Summary

Elon Musk praised Chinese electric automakers, stating that they are the most competitive in the world and are likely to find significant success outside of China, potentially surpassing other global car companies if trade barriers are not established. This comes as Tesla faces intense competition from Chinese EV firms, with Musk previously acknowledging their potential to be second only to Tesla. However, Tesla's own shares slid after the company posted earnings that missed expectations and warned of a slowdown in 2024.

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