Tesla CEO Elon Musk issued a stark warning, predicting that Chinese automakers will demolish global competition if trade barriers are not enforced. This statement highlights the intense pressure the leading American electric vehicle (EV) company faces from Chinese rivals such as Build Your Dreams (BYD), which are rapidly expanding their global presence.
Musk’s warning follows recent developments where BYD, supported by Warren Buffett, surged ahead of Tesla as the top-selling EV manufacturer worldwide in the last quarter. This achievement is despite Tesla’s aggressive price reductions projected to last until 2023.
The 52 year old businessman praised Chinese car makers, describing them as the most competitive and predicting they will achieve significant success internationally, depending on the establishment of tariffs or trade barriers.
Musk, who holds the…
