Transcript: How Will Tesla Overcome a ‘Stale Lineup’ in 2024?
Elon Musk is aiming to convince Middle America to buy EVs, but his company faces challenges on multiple fronts.
In this week’s episode of Elon, Inc., we discuss Tesla and its slipping leadership position in electric cars. On Jan. 2, the company reported it delivered almost 485,000 vehicles to customers, in line with Wall Street expectations but slightly less than reported by China’s BYD Co., which delivered roughly 526,000 electric cars. How did BYD become Tesla’s most important competitor, even when it doesn’t sell cars in the US? And in another setback for Musk, X’s value continues to fall: asset manager Fidelity again wrote down the social media platform’s valuation, according to a news report. Finally, our panel offers predictions for 2024, including the prospect of further Musk feuds with the US government, his potential impact on the upcoming US election and his new friendship with far-right Italian Prime Minister Giorgia Meloni.
Here is a lightly edited transcript of the conversation. Listen in full below, learn more about the podcast here and subscribe on Apple and Spotify to stay on top of new episodes.