Recently, the British magazine "Financial Times" said that a sign of Musk's success is that it has brought many competitors to Tesla in the field of electric vehicles. His U.S. rival startup Rivian has launched its own electric pickup, and Ford plans to launch an electric version of its F-150 in the spring.
Musk's claims don't seem to care about these new competitors, predicting that companies like Volkswagen and Ford will succeed in electric vehicles — though he warns that Rivian is facing the same pain Tesla has to do with achieving mass production. Still, he also pointed to the new challenges Tesla is posing to global auto companies.
Musk also said: "I think people are somewhat ignorant of the progress that China has made. It's incredible. He likened it to the "wave of Japanese imports that occurred in the 1980s and 1990s." I think we're going to see something similar in Chinese auto companies. ”
"The sheer number of hard-working, intelligent people in China is staggering—both amazing and slightly frightening. They're going to get things done. ”