Detroit? Nope. Germany? Nein. Elon Musk sees the toughest competition for Tesla in China, home of the company he expects 'most likely to be second' in electric vehicles.China is Tesla Inc's second-largest market - accounted for about two-thirds of all electric vehicles sales globally in 2022 - and the hom
Detroit? Nope. Germany? Nein. Elon Musk sees the toughest competition for Tesla in China, home of the company he expects"most likely to be second" in electric vehicles.
It's also a market that has embraced EVs and is replete with rivals competing on style and price, including Xpeng, Nio and BYD Co Ltd. Asked about Tesla's competition, Musk responded that he respected car companies in China, calling it the most competitive market in the world. Musk did not identify any Chinese automakers by name.
Tesla recently promoted China chief Tom Zhu to run U.S. factories and sales in North America and Europe, Reuters has reported.
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