Elon Musk Warns of Chinese EV Dominance Without Trade Barriers

Tesla CEO Elon Musk warns that Chinese carmakers could outcompete most other car companies if trade barriers were removed, acknowledging their competitiveness and potential to dominate the global market. Tesla faces intense competition from Chinese EV maker BYD, which surpassed Tesla as the world's top-selling EV brand in the final quarter of 2023. Government subsidies for the Chinese EV sector have drawn scrutiny from lawmakers in the West, leading to anti-subsidy probes and tariffs on imported Chinese cars. Tesla continues to slash prices in a bid to capture market share in China, but warned of slower growth in the coming year.