Ex-Stellantis CEO says Tesla may exit the car industry and may not exist in 10 years: 'Tesla's stock market value loss will be colossal' | Fortune
Briefly

Ex-Stellantis CEO says Tesla may exit the car industry and may not exist in 10 years: 'Tesla's stock market value loss will be colossal' | Fortune
"We can't rule out that at some point, he'll decide to leave the automotive industry to refocus on humanoid robots, SpaceX or artificial intelligence,"
"Elon Musk will have left the automotive industry."
"Tesla's stock market value loss will be colossal because this valuation is simply stratospheric,"
"I'm not sure that Tesla will still exist in 10 years. It's an innovative group, but they'll be beaten by BYD's efficiency."
Elon Musk's Tesla faces intensifying competition from Chinese automaker BYD, which has surpassed Tesla in global EV sales and offers more efficient, cost-effective vehicles. Tesla's market share in China fell from about 16% in 2020 to roughly 5% today. Tesla reported $28 billion in revenue, up 12% year-over-year, and a 33% increase in China deliveries, while shares have been volatile. Concerns include a stratospheric valuation vulnerable to significant loss and the possibility that Musk could reallocate focus toward humanoid robots, SpaceX, or artificial intelligence, reducing Tesla's automotive commitment.
Read at Fortune
Unable to calculate read time
[
|
]