Tesla CEO Elon Musk praised Chinese language electrical automobile makers on a Tesla earnings name on Wednesday, saying “we have now a number of respect for the present firms in China and their capabilities.” Musk additionally advised traders on the decision that he believes Chinese language EV manufacturers will change into a aggressive “pressure to be reckoned with worldwide” whereas commending Tesla’s personal workers within the nation, saying the corporate has an “unimaginable crew in China.” The US automaker reported $16.9 billion in income for the second quarter of 2022, up 42% from a 12 months earlier, though revenue dropped 32% to $2.26 billion from the earlier quarter attributable to provide chain points and Covid lockdowns in China. [TechNode reporting]
