Tesla Faces Intense Competition as BYD Overtakes in Global EV Sales

Elon Musk acknowledges the strength of Chinese automakers, warns of their potential to 'demolish' global rivals without trade barriers.

Tesla CEO Elon Musk warns that Chinese automakers, particularly BYD, could 'demolish' global rivals if not for existing trade barriers.
BYD, backed by Warren Buffett, has recently overtaken Tesla as the world's top-selling EV company, despite Tesla's deep price cuts.
Musk acknowledges the strength of Chinese automakers and their potential for significant success outside of China, depending on trade policies.
Tesla is facing increasing competition and data security concerns in China, leading to restrictions for Tesla drivers at government-affiliated venues.
A senior executive at BYD taunts Musk that Tesla will face challenges in its AI self-driving system and lose market share.