“It just means we will have to work harder at improving the cost of electric vehicles,” he says.
Musk made his comments at the North American International Auto Show on Tuesday.
Tesla’s sales are down in China, where
consumers are concerned about how they can recharge their cars at home.
As a result, sales in the fourth quarter took a major hit in the
country, and now the company’s stock is getting hammered.
Musk says “China is a small
percentage of our sales right now," calling the market as “a wild card
that seems to change for reasons we don’t understand.”