Elon Musk Alarms Automotive Market with Shocking Announcement About Future – Flopgear.it

Words that are quite worrying, those pronounced by Tesla’s CEO, Elon Musk. The reason is eloquent

Also Elon Musk, the head of several certainly profitable companies, has something to worry about. The very rich entrepreneur is a great exponent of the automotive sector given that he founded the company just over twenty years ago Teslatoday a manufacturer of futuristic electric cars that are increasingly appreciated on the market.

Elon Musk has raised an alarm for the automotive market (Ansa) – Flopgear.it

In his latest conference call on the quarterly performance of his companies, Musk also left the floor to the main executives of the Group, receiving news on the performance of the markets. The financial director Vaibhav Taneja spoke of an announced decline in sales in 2024 compared to what was done in the previous year.

Taneja, in particular, announced: “In 2024, our volume growth will be lower, as we said, because we are trying to focus the company on launching the next generation vehicle.” In fact, Tesla, after having established itself on the market with the Model 3 and the Model Y, will now focus entirely on Model 2 project. Musk himself admitted that the company is well underway and everything could lead to the launch of production of the new low-cost car in 2025.

Elon Musk, shocking announcement about the future

Everything should therefore go well in the near future for Tesla too. Yet something is wrong, as mentioned, there is always reason to remain alert. In the same conference call, Musk announced that the markets could soon change and it won’t just be Tesla that will have problems.

Musk reiterated, in fact, the fear of many entrepreneurs and car manufacturers in the near future: “Chinese car manufacturers they are the most competitive in the world. So I think they will have significant success outside of China based on the type of tariffs or trade barriers that are erected.”

Elon Musk fears Chinese cars (Ansa) – Flopgear.it

The entrepreneur is not happy with the too much freedom granted to Chinese companies and his warning does not only concern his own company. Musk, in fact, alerted everyone: “In all sincerity, I believe that if trade barriers are not established, Chinese companies will demolish most of the others car manufacturers in the world”.

Musk’s fear is also shared by the EU which has launched a real crusade against Chinese electric cars destined to invade the market of the old continent as well. Pay particular attention to what BYD is creating, a Chinese brand which, in terms of production volume, has already surpassed Tesla itself.

2024-02-11 22:29:18
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