Trade restrictions saved Western competitors from being crushed by China’s EV industry, Elon Musk admits
China’s Auto Industry Poses a Threat to Competitors, Says Elon Musk Tesla’s CEO Elon Musk has praised the rapid pace and efficiency of China’s auto industry, highlighting its potential to outshine competitors. However, Tesla’s recent quarterly earnings report showing a slowdown, coupled with the underwhelming performance of the Cybertruck, has caused the company’s stock to dip. […]