Elon Musk’s Tesla outsold classics like Toyota and Honda, two brands that have long dominated the market for traditional ICE and hybrids. Musk, however, has good reason to be concerned. According to him, the biggest challenge to Tesla right now isn’t a traditional automaker but a cutting-edge Chinese EV company.
In the past, Musk used to think that the same EV brand was a joke. Musk was once questioned about BYD, the Chinese EV car manufacturer, during an interview back in 2011. Musk responded, “Have you seen their cars?” while laughing aloud.
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