Musk faces 65% of Wall Street's stock price** and does not regard BYD as a rival.
He doesn't want to go against BYD! Faced with warnings of a 65% decline on Wall Street, Musk had a showdown.
In terms of the current environment, BYD's new energy vehicles have caught up with Tesla, but there is still a big gap in the strength of the two companies.
After the completion of the Gigafactory in Shanghai, all the products sold by Tesla in China have been reduced in price, which has also made China's new energy vehicles more popular, although due to various accidents, but in recent years, its sales have been stable.
Tesla has reached a market share of 130% in 2022, but Wall Street investors are not optimistic about this, and have issued warnings to Musk, saying that Tesla's **likely**65%**will.
However, as one of the richest people in the world, Musk is standing on the cusp and publicly said that Tesla is not only a car company, it is also an AI and robotics company, and it is also a promising company in artificial intelligence and unmanned driving.
Moreover, this reply comes after BYD announced its sales performance on Wall Street, and from this point of view, Tesla does not see BYD as a competitor, but only surpasses Tesla's sales performance, and it is no longer able to reverse the situation.
He remembered that ten years ago, Musk said in an interview that Tesla was here to promote the development of the new energy industry, but after more than ten years, he was invited by reporters again, without the slightest pride, and still maintained his love for technology.
Musk is also a very cautious person, he does not regard BYD as his competitor, but as a partner, after all, their main competition is gasoline vehicles, and if you want to beat it, then the sales of new energy vehicles will increase significantly.
The launch of Xiaomi Su7 marks the rise of a new generation of automobile manufacturing companies in China, and Tesla's sales are also declining.
The international status of American companies has plummeted because the United States has introduced a series of policies, Intel, Google, Qualcomm, these companies are considered by Wall Street to be in decline, and Nvidia has been greatly improved because of the rise of artificial intelligence.
Now that Musk has stood up and announced that Tesla is an artificial intelligence company, the meaning of this sentence is already obvious, but with his passion for scientific research, it shouldn't be too difficult, just need to be prepared.
Now Xiaomi's new products have attracted everyone's attention, which has further deepened Tesla's technical manufacturing capabilities, and if BYD remains in its original position, it will soon be surpassed, and from this point of view, BYD is indeed not their opponent.
And new car companies like Huawei and Xiaomi will have the absolute upper hand, I don't know what everyone thinks about this?