Core Insights - Tesla Inc. faces significant challenges in the next decade, with uncertainty surrounding its long-term survival as highlighted by former Stellantis CEO Carlos Tavares [1][2] - Rising competition from BYD Co. Ltd., which has surpassed Tesla in global electric vehicle sales, is a major factor contributing to Tesla's struggles [2][4] - Tavares suggests that Elon Musk may eventually shift his focus away from the automotive industry to other ventures such as humanoid robots or artificial intelligence [3][5] Financial Performance - Tesla reported third-quarter earnings of $28.095 billion, marking a 12% year-over-year increase and a 33% rise in deliveries in China, its second-largest market [4] - Despite strong revenue, Tesla's market share in China has decreased from 16% in 2020 to approximately 5%, indicating intensifying competition [5] Market Dynamics - Tavares emphasized BYD's efficiency and cost-effective vehicles as key pressures on Tesla's market position [3] - Musk's attention is reportedly divided among multiple ventures, which may impact Tesla's focus and performance in the automotive sector [5] Strategic Initiatives - Tesla has proposed a 10-year, $1 trillion pay package for Musk, aiming for a 500% increase in market capitalization to $8.5 trillion [6] - The Tesla board chair defended this plan, suggesting that it is essential for Tesla to avoid becoming just another traditional car company [6]