Elon Musk warns Tesla could be swamped by Chinese electric car brands

Tesla CEO Elon Musk has admitted the biggest threat to the company comes from Chinese carmakers.

In a recent interview at The New York Times DealBook Summit, the Tesla CEO admitted Chinese car brands are a threat to Tesla due to their manufacturing prowess.

“Electric car sales in China are gigantic,” Mr Musk told the conference.

“I think the Chinese car companies are extremely competitive. By far our toughest competition is in China.

“I mean there’s a lot of people out…

Continue reading this news update.

Comments are closed