Musk says China rivals 'work hardest, smartest'

Reuters
2023.01.26 02:37
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Detroit? Nope. Germany? Nein. Elon Musk sees the toughest competition for Tesla in China, home of the company he expects “most likely to be second” in electric vehicles. China is Tesla Inc’s (TSLA.O) second-largest market - accounted for about two-thirds of all electric vehicles sales globally in 2022 - and the home of Tesla’s biggest plant. It’s also a market that has embraced EVs and is replete with rivals competing on style and price, including Xpeng (9868