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00:00Where do you see competition coming from do you see it coming from the old carmakers coming back at you. I just saw a forecast that may be in a couple of years time Volkswagen would be bigger than new in electric cars. Or do you see it coming from new place. Do you believe that. I believe that forecast was was from you. Yes it was. And do you agree with that. I would not agree with that forecast. You bet. You see people like Volkswagen and General Motors and people like basses as the opponents. So do you see people like China the new Chinese companies. Where do you see the most vibrant competition in electric cars. I have to say that I am very impressed with the companies and the car companies in China just in general with companies in China. I think they're extremely competitive hardworking and smart. And and I think there's going to be just a massive wave of Chinese products going up against the world. There already are. You know from for example almost all the iPhones are made in China by contract factories for Apple. I think we'll see just a large wave of products being exported from China. In many industries Hang Seng in electric cars do they have an advantage at all. You know. Yeah. No I do think. Well I should say from the franchisee perspective we don't really think about other competitors. Our constraints are much more in raw materials and being able to scale up production. So our constraints are not imposed upon us by competitors but rather the just imposed upon us by the realities of the supply chain and pulling up our manufacturing capacity. So I mean as anyone knows who is trying to order that order a Tesla. The demand for our cars is extremely high and the wait list is long. So our and this is not intentional. We are increasing production capacity as fast as humanly possible so that not so relaxed that we really don't think about competition or we just think about how how do we address the limiting factors in this fight change and in our own industrial capacity. Basically we need to build the factories faster and then we need to look ahead to whatever the choke points are in the whole lithium ion battery supply chain from mining and refining to production and self formation.

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Musk Sees Tesla Growth Only Hindered by Supply Chain Issues

Tesla Inc. CEO Elon Musk discusses competition in the electric vehicle market and says, “our constraints are not imposed on us by competitors, but rather, just imposed on us by the realities of the supply chain.” He speaks with Bloomberg News Editor-in-Chief John Micklethwait at the Qatar Economic Forum. Qatar’s Ministry of Commerce and Industry, Qatar Investment Authority and Investment Promotion Agency Qatar are the underwriters of the Qatar Economic Forum, Powered by Bloomberg. Media City Qatar is the host organization. (Source: Bloomberg)

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