Musk says he loves China, praises Chinese automakers' competitiveness

Musk has always been positive about the Chinese market, but this time he specifically pointed out that the Shanghai-made Model Y's best-seller status was hard-won, which amounts to acknowledging the pressure local brands put on Tesla. For users, a foreign chief executive publicly recognizing the competitiveness of Chinese automakers shows that domestic EVs are now capable of head-to-head competition on product strength, and it is worth watching whether Tesla adjusts its China pricing and product cadence going forward.