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InsideEVs
InsideEVs
Technology

Tesla's Price Reductions Making Major Impact On Rivals In China

China United States Elon Musk NIO Xpeng Li Auto

Tesla's top rivals may not be in the US, but rather, in China. In fact, CEO Elon Musk made a reference to "Some company out of China" during Tesla's recent Q4 2022 earnings call when talking about the US EV maker's biggest rival. Recent reports suggest that Tesla's price cuts in the country are impacting the sales of local EV brands, including Li Auto, Nio, and Xpeng.

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