Warren Buffett-Backed BYD’s Sales Executive Warns Tesla Ahead Of Earnings: ‘You’ll Face Serious Challenges’
In a recent social media post, a senior executive at BYD Co Ltd (OTC:BYDDY) (OTC:BYDDF) issued a warning to Tesla Inc (NASDAQ:TSLA) CEO Elon Musk about potential hurdles in the field of intelligent driving systems.
What Happened: Zhao Changjiang, the head of sales at BYD’s Denza joint venture with Mercedes-Benz Group AG (OTC:MBGAF), took to the Chinese social media platform Weibo on Wednesday to address a comment made earlier this month. Zhao, without specifically naming Tesla or Musk, seemed to be responding to a post by Musk on his X platform in early January, reported Bloomberg.
“BYD is very strong now,” Zhao wrote. He also cautioned that Tesla might lose market share, especially in the advanced driver-assistance system and car models in 2024.
“You’ll face serious challenges in advanced driver-assistance system and car models in 2024, such as Denza’s N7 changing the landscape of the auto market and triumph over the ‘Y’ model!” Zhao said, referring to the Tesla Model Y.
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Tesla, set …
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