Elon Musk believes the toughest competition for Tesla comes from China, and expects a carmaker from the Asian country to"most likely to be second" to his company in electric vehicles.
Despite the fact that many legacy automakers like General Motors, Ford, Hyundai Motor Group and Volkswagen are on the offensive in the electric vehicle space, churning out EV after EV, Tesla's CEO does not seem to be worried about them., Musk replied that he respected carmakers in China, which he believes are the most competitive in the world. While he did not identify any Chinese automakers by name, he was likely referring to rivals like BYD, Nio and XPeng, to name only a few.
"They work the hardest and they work the smartest. And so if I were to guess, probably some company out of China is the most likely to be second to Tesla," Musk said.'s second-largest market and the top market worldwide for electric vehicles – it made up about two-thirds of all EV sales globally in 2022.
Sad but true
Geely/Polestar is going to be a big contender. VW will have more volume than Tesla in 2024. Ford and GM will too once battery manufacturers ramp up.
TaylorOgan
It's BYD. Hell even I'm interested in some there EVs.