Tesla is the clear leader in the EV market and has built a huge position among car companies in general. You could almost say it has nothing to fear. But its CEO has a different opinion!
With Tesla having its worst year on record in the markets, Musk had some tough questions to answer during the Q4 investor call. The company's stock, after skyrocketing in 2020 and 2021, has plunged 50% in the past year and has long been at multi-year lows.
Moreover, Musk's behaviour and actions regarding Twitter have not helped. It has made shareholders somewhat nervous.
So Tesla investors probably breathed a sigh of relief when the company reported record sales on Wednesday. Musk said during the call that the company saw its strongest orders in the first few weeks of January so far this year and higher than ever before, suggesting that a series of price cuts around the world helped boost demand.
https://www.youtube.com/watch?v=s_6upDmylRA
What's surprising, though, is that Musk admitted that Chinese…