Former Stellantis CEO Predicts Elon Musk's Departure from Automotive Industry
Just the facts
Technology

Former Stellantis CEO Predicts Elon Musk's Departure from Automotive Industry

Summary

Carlos Tavares, ex-CEO of Stellantis, suggests Elon Musk may exit the automotive sector to focus on other ventures, citing Tesla's overvaluation and competition from BYD.

Carlos Tavares, the former CEO of Stellantis, has expressed skepticism about Tesla's future, suggesting that CEO Elon Musk might eventually leave the automotive industry to concentrate on other projects. Tavares highlighted Tesla's high market valuation and increasing competition from Chinese automaker BYD as key factors influencing this potential shift. He remarked that BYD's efficiency and cost competitiveness have positioned it ahead of Tesla in the electric vehicle market. Tavares also questioned Tesla's long-term viability, stating that the company might not exist in a decade due to these challenges. Musk has not publicly responded to these comments.

Source

Teslarati

First reported

SpaceX Plans Starship Upper Stage Catch in Spring 2026

• Teslarati

Fact-checking

Fact-check the facts of the article using external sources and databases.

✓
Confirmed

Carlos Tavares, the former CEO of Stellantis, has expressed skepticism about Tesla's future, suggesting that CEO Elon Musk might eventually leave the automotive industry to concentrate on other projects.

✓
Confirmed

Tavares highlighted Tesla's high market valuation and increasing competition from Chinese automaker BYD as key factors influencing this potential shift.

✓
Confirmed

He remarked that BYD's efficiency and cost competitiveness have positioned it ahead of Tesla in the electric vehicle market.

✓
Confirmed

Tavares also questioned Tesla's long-term viability, stating that the company might not exist in a decade due to these challenges.

!
Unverified

Musk has not publicly responded to these comments.

Keep reading — for free

Create a free account to follow the news. No card required.