Business Wars Encore: Tesla vs Detroit | Appetite for Destruction | 4
May 3, 2023
Elon Musk, the visionary CEO of SpaceX and Tesla, dives into Tesla's tumultuous journey as it battles scrutiny over its Autopilot system and faces unprecedented challenges including allegations of racism and the pandemic's impact. He shares insights on how traditional automakers are scrambling to keep up with Tesla's innovative edge, particularly in the electric vehicle race. Musk's provocative Twitter commentary continues to intrigue and offend, contributing to Tesla's skyrocketing market value amid chaos. His bold predictions set the stage for the future of driving.
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Tesla's China Struggles
- Tesla struggled in the Chinese market due to low sales and infrastructure issues.
- Veronica Wu's brief tenure and disagreements with Musk added to the challenges.
Detroit's Self-Driving Push
- Cadillac's Super Cruise and GM's self-driving Volt highlighted Detroit's push into autonomous driving.
- This move challenged Tesla's perceived dominance in the autonomous driving space.
Consumer Reports and Tesla
- Consumer Reports withdrew its recommendation of the Model S due to owner complaints.
- Despite this, Tesla owner loyalty remained remarkably high at 97%.
