Tesla CEO Elon Musk has urged for increased tariffs on Chinese electric vehicles (EVs) in order to protect the global car industry from the competitiveness of China’s EV market. Musk expressed his concern during Tesla’s fourth quarter earnings call, stating that Chinese car companies are the most competitive in the world and without trade barriers, they would potentially demolish other car companies.

The United States and the European Union are currently investigating the possibility of implementing additional tariffs on cars imported from China. This move is seen as a way to level the playing field and prevent Chinese EV manufacturers from dominating the global market.

Read the article.