Business · Companies · 13 hrs ago

Musk Praises Chinese Automakers as Tesla Competes in China

Musk Praises Chinese Automakers as Tesla Competes in China

Tesla CEO Elon Musk praised Chinese automakers in a November 6 interview with investor Ron Baron.

He said local rivals make China a difficult market for Tesla.

Musk described the Model Y as China’s best-selling electric vehicle, and said reaching that position was difficult.

He recalled years of talks with Chinese officials before Tesla secured full ownership of its Shanghai factory.

Musk said full ownership helped Tesla make decisions faster.

His comments highlight both the strength of Chinese competitors and the importance of Tesla’s control over its Shanghai operations.

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