Elon Musk

China has become a global leader in digital technology, Musk noted.

Chinese car companies are the most competitive in the world, and some are very good at software, Tesla CEO Elon Musk said.

Tesla CEO Elon Musk tweeted on Friday that he would prefer lithium iron phosphate (LFP) batteries because they can be charged to 100 percent, while ternary batteries are only recommended to be charged to 90 percent.

For Tesla CEO Elon Musk, working with his peers to expand the budding market for electric cars seems more important than competition.

Given that China would expand domestic demand, it would be the place where Tesla would produce the most vehicles and have the most customers, he said.

Musk is Tesla and SpaceX CEO. Zach Kirkhorn is the company's Chief Finance Officer. They will maintain their respective roles.

In the eyes of Tesla CEO Elon Musk, their biggest competitor could come from the fast-growing Chinese market.

As its stock price has soared, Nio's market capitalization has surpassed that of BMW and General Motors. That's gotten the Chinese EV maker more attention, including from Tesla CEO Elon Musk. 

Tesla will be releasing the latest version of its Full Self-Driving (FSD) software in a limited beta in the coming weeks, which will allow vehicles to drive with zero intervention, Tesla CEO Elon Musk tweeted on October 9.

Tesla CEO Elon Musk has just tweeted that he congratulates the Tesla team for making the 1 millionth car.