Elon Musk's Disapproval of Tariffs on Chinese-made EVs
Elon Musk expressed disapproval of 100% tariffs on Chinese-made EVs and stated that Tesla competes well in the Chinese market without tariffs. He believes in a level playing field for all competitors and is against tax incentives for EVs and oil/gas. Musk warned that Chinese EV companies could dominate the global market if trade barriers are lifted.
Key Points
- Musk disapproves of 100% tariffs on Chinese EVs
- He is against tax incentives for EVs and oil/gas
- Musk warned about Chinese EV companies dominating the global market if trade barriers are removed
Pros
- Tesla competes well in the Chinese market without tariffs
- Musk believes in a level playing field for all competitors
Cons
- Tesla faced challenges in 2024 due to an aging fleet, weakened consumer demand, and global competition