Ex-Stellantis CEO Sees Tesla’s Musk Pulling Out of Car Industry

Elon Musk erred by devoting too little of his time to Tesla Inc., which is overvalued and being humbled by China’s top electric-car maker, according to Stellantis NV’s outspoken former chief executive officer.

Carlos Tavares, who was ousted from the manufacturer of Peugeot, Fiat and Jeep late last year, told the French newspaper Les Echos that BYD Co. is more efficient and cost-competitive than Tesla. He predicted Musk will opt to prioritize other pursuits.