Former Stellantis CEO Predicts Tesla Could Exit Auto Industry Within Decade
Former Stellantis CEO Carlos Tavares has made startling predictions about Tesla’s future, suggesting the electric vehicle pioneer could exit the automotive industry entirely within the next decade. According to his analysis, Tesla faces overwhelming pressure from Chinese competitor BYD that could lead to massive stock value losses and potential business model changes.
Industry Veteran’s Stark Warning
In a surprising assessment that’s sending ripples through automotive circles, former Stellantis CEO Carlos Tavares has predicted Tesla might not exist in ten years and could potentially exit the car business altogether. The seasoned auto executive, who stepped down from leading the Jeep manufacturer late last year, delivered this blunt forecast during an interview with French newspaper Les Echos.