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- Elon Musk said at the NYT Dealbook conference that Tesla's biggest rivals are in China, not the US.
- It comes as BYD looks set to eclipse Tesla as the world's biggest electric carmaker this year.
- Musk said that the manufacturing prowess of Chinese car companies made them "extremely competitive."
Chinese car companies are Tesla's biggest rivals in the battle for EV supremacy, according to Elon Musk.