Tesla’s recent investor conference call covered various updates including the Tesla California factory’s status as the USA’s largest auto production facility, financial details, the anticipated $25,000 Tesla coming in 2025, stock performance, and the dramatic increase in profitability of Tesla services and energy storage & solar divisions. Notably, Elon Musk expressed very bullish views on the competitive edge of Chinese EV companies, suggesting that without trade barriers, they could surpass other global car companies.
He did not specifically name the brands but notable Chinese EV companies include BYD, NIO, and XPeng. European markets are seeing more of these options, while the US market still lacks Chinese EV options. Many other markets are in between, highlighting the growing availability of Chinese EV brands. Several Chinese EV models were finalists for the 2023 European CleanTechnica Car of the Year award, reinforcing the industry’s recognition of the advancements made by Chinese companies.
The concerns raised include whether Chinese electric vehicle brands will dominate the US and European markets, whether trade barriers will hinder their entry, and if brand awareness will pose any challenges. Share your thoughts in the comments!
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