Elon Musk says Chinese EV makers will 'pretty much demolish' most competitors without trade barriers
Publishing timestamp: 2024-01-25 07:12:06
Summary
Elon Musk believes that Chinese electric carmakers will have significant success outside of China and could potentially surpass other companies in the world. However, there is a possibility of trade barriers or tariffs being established, which could impact their expansion. Tesla, while facing competition from Chinese EV makers, posted earnings that missed expectations and warned of a slowdown in 2024.
Sentiment: MIXED
Tickers: 9866-HK, NIO, 9868-HK, XPEV, TSLA,
Keywords: nio inc, tesla inc, elon musk, xpeng inc, earnings, transportation, electric vehicles, china, business news, autos, technology, environment,
Source: https://www.cnbc.com/2024/01/25/elon-musk-says-chinese-ev-makers-will-demolish-other-companies.html