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Automobiles

Elon Musk: China automakers would 'demolish' rivals without trade barriers

Tesla CEO says competitor BYD still an important battery supplier

Tesla CEO Elon Musk

PALO ALTO, U.S. -- Tesla CEO Elon Musk said Chinese automakers would "demolish" most of the world's other car companies if there were no trade barriers.

"Our observation is generally that the Chinese car companies are the most competitive car companies in the world," the tech billionaire said on Wednesday at a Tesla earnings call when asked if he saw any opportunities for partnerships with Chinese manufacturers.

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