Tesla has a number of challengers in China, including a slew of start-ups such as Nio, Xpeng and Li Auto. Tesla's biggest rival in China right now is BYD.
Musk answered a question about the competitive landscape for electric cars on Tesla's earnings call on Wednesday, saying the company is "fired up about the future and, well, it's going to be great."
"We have a lot of respect for the car companies in China. They are the most competitive in the world ... they work the hardest and they work the smartest ... so lots of respect for the China car companies that we're competing against," Musk said on the Tesla earnings call on Wednesday. "And so, if I were to guess ... probably some company out of China is the most likely to be second to Tesla," Musk said.Tesla's Model 3 was the fifth best selling new energy vehicle car in China in 2022,to the China Passenger Car Association. Cars made by BYD and SAIC-GM-Wuling sold more in 2022 than did Tesla's Model 3. Tesla's Model Y was the second-best selling electric sports utility vehicle in China, behind a model from BYD.
Musk's automaker faced a number of challenges in China last year, including production disruptions at its Shanghai factory because of the country's strict Covid policies and
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