Business tycoon, Elon Musk, writes a multi-billion dollar check and heads to Asia in an attempt to rescue his troubled automotive company, Tesla.

In the competitive world of electric vehicles (EV), Tesla, led by Elon Musk, has maintained a leading position for years. However, the company faces challenges from rivals such as BYD and other Chinese manufacturers like Geely and SAIC Group.

Recently, Tesla made a strategic move to secure the supply of advanced chips for its EVs, software, connectivity, and autonomous driving. The company signed a deal worth €15.2 billion with Samsung Electronics, a South Korean semiconductor giant.

This agreement aims to strengthen Samsung's position as one of the main semiconductor suppliers to the automotive industry. Samsung has intensified its focus on the automotive semiconductor business with new investments in state-of-the-art factories in Texas and its home country.

The new chips produced by Samsung will be used in Tesla's new artificial intelligence platforms and the Full Self-Driving (FSD) system. This deal is a significant step for Tesla as it aims to bolster its technological leadership in software and hardware against strong rivals like Nvidia, Qualcomm, and the internal providers of Chinese companies.

In a test of assisted driving technologies on Chinese roads, conducted by Dcar, the automotive unit of Bytedance, Tesla outperformed several Chinese competitors, including BYD, Xiaomi, and Huawei. The test results quickly went viral on Chinese social media, and Elon Musk's "revenge" against Asia seems to be taking shape in the Chinese market.

SAIC Group, which ranks third among the most profitable Chinese manufacturers, and Geely, which ranks second, are not far behind. They continue to challenge Tesla's position in the market.

Tesla has also signed a contract with the Chinese company SMIC (Semiconductor Manufacturing International Corporation) for the production of high-performance chips for the automotive industry. However, recent major chip production contracts mentioned involve Samsung for Tesla's AI chips, while TSMC (Taiwan Semiconductor) is moving away from Chinese tooling; no explicit contract with a Chinese chipmaker for Tesla's high-performance automotive chips is currently confirmed.

Despite the competition, Tesla registered the highest score among 36 models in the road test conducted by Dcar and CCTV. The company's commitment to technological innovation and its strategic partnerships are helping it maintain its lead in the electric mobility sector.

Business tycoon, Elon Musk, writes a multi-billion dollar check and heads to Asia in an attempt to rescue his troubled automotive company, Tesla.