Overview
- Carlos Tavares told Les Echos he sees a scenario where Tesla leaves autos or may not exist in 10 years, calling its valuation vulnerable to a 'colossal' fall.
- Tavares cited BYD’s cost and efficiency edge, noting the Chinese maker surpassed Tesla in global EV sales earlier this year.
- He suggested Elon Musk could eventually refocus on humanoid robots, SpaceX or artificial intelligence, raising questions about leadership continuity.
- Tesla reported about $28 billion in third-quarter revenue, up 12% year over year, with China deliveries rising 33%.
- Tesla’s China market share has slid to roughly 5% from about 16% in 2020, and shareholders vote Nov. 6 on a 10-year, $1 trillion package intended to retain Musk after proxy advisers urged rejection.