Tesla Founder Elon Musk could be in Race for Nobel Peace Prize

a media Report Nilsen praised Musk’s contributions, saying that companies like his Tesla and social media platform X have helped make the world connected and safer. However, the nomination list for the Nobel Peace Prize has not been revealed. Musk’s name appearing for this award is indicating his influence on global affairs.

Recently Musk had said that if trade related restrictions are not imposed on Chinese automobile companies, they can become a threat to global automobile companies. Tesla is facing tough competition from China’s BYD. BYD, funded by famous investor Warren Buffett, became the largest EV selling company in the last quarter, overtaking Tesla on the basis of its low-priced electric cars. Tesla had cut the prices of its electric cars last year but despite this it lagged behind BYD in sales. Apart from this, Tesla’s margins have also been significantly impacted. Musk said that Chinese automobile companies are giving tough competition and if tariffs are not imposed on them, they can achieve great success outside China.

Tesla is preparing to make a low-priced compact crossover to compete with Chinese automobile companies. Musk had said that its manufacturing could start in the second half of next year at the company’s Texas factory in America. Tesla also plans to start its business in India. Some other states like Gujarat, Maharashtra, Karnataka and Tamil Nadu are also inviting the company to set up factories. Tesla’s electric cars are not sold in the country. The main reason for this is high import duty. However, Musk believes that there is a lot of potential for electric vehicles in the country.