"Musk :
China's cars are the best in the world
January 26, 2024
The Chinese car manufacturers are the world's most competitive, and if they are released outside of China, they will sweep the course with the competition. That was one of the messages from Tesla CEO Elon Musk during a Tesla Earnings Call on Wednesday.
- If trade barriers are not set up, they will crush most other car manufacturers, Elon Musk snorts 45 minutes into the meeting ( link ).
- They are extremely talented.
The question he answered was how Tesla thought about the chances of Chinese automakers succeeding outside of China. Musk's response was that tariffs or other trade barriers would be needed to prevent them from taking over.
The US has imposed trade barriers against the Chinese auto industry by heavily subsidizing its own ecosystem, from mines to tax breaks for car purchases.
The EU is investigating trade barriers against Chinese cars, citing suspicions that China may be price dumping them in Europe. The EU is also investigating penalizing batteries according to their durability, which could hit Chinese exports.
The same questioner wondered if Tesla could consider collaborations to help Chinese automakers into markets outside of China, to help the EU and the US reach their sustainability goals faster.
Elon Musk said he did not see any such possibilities beyond what Tesla already offers to everyone, such as licensing Tesla's charging network or autonomous driving functions.
- Or anything that can help drive the revolution in sustainable energy."
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