Elon Musk praises Chinese automakers as Tesla competes in China

Tesla CEO Elon Musk praised the competitiveness of Chinese automakers in a November 6 interview with investor Ron Baron. Musk described the Model Y as China’s best-selling electric vehicle and said achieving that position was difficult given the strength of local rivals. Musk also recalled spending several years in discussions with Chinese officials before Tesla […]

Elon Musk praises Chinese automakers as Tesla competes in China

Tesla CEO Elon Musk praised the competitiveness of Chinese automakers in a November 6 interview with investor Ron Baron. Musk described the Model Y as China’s best-selling electric vehicle and said achieving that position was difficult given the strength of local rivals.

Musk also recalled spending several years in discussions with Chinese officials before Tesla secured full ownership of its Shanghai factory. He said that control allowed Tesla to make decisions faster. [Baron Capital]

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