Ex-Stellantis CEO Warns Tesla May Not Survive Next Decade Amid BYD Rise

Former Stellantis CEO Carlos Tavares has expressed serious doubts about Tesla's long-term survival, citing intense competition from China's BYD, which recently surpassed Tesla in global EV sales. Tavares suggests that Elon Musk may eventually shift his focus away from the automotive sector to other ventures like humanoid robots, SpaceX, or artificial intelligence. Despite Tesla's recent strong financial performance, including a 12% revenue increase and a 33% rise in deliveries in China, the company's market share in China has dropped significantly from 16% in 2020 to around 5%, largely due to BYD's efficiency and cost-competitive vehicles. Tavares warned that Tesla's stock market valuation is excessively high and predicted a potentially colossal loss in market value. Tesla has proposed a $1 trillion pay package for Musk aimed at ambitious growth targets, but concerns remain about the company's ability to maintain dominance in the rapidly evolving EV market. The increasing pressure from domestic Chinese automakers highlights the challenges Tesla faces in sustaining its market leadership.