<ul><li>Chinese electric vehicle (EV) stocks rose after Tesla CEO Elon Musk stated that he sees the company's biggest competitor coming from China.</li><li>Tesla posted record results, which may have prompted Musk's statement.</li><li>Musk acknowledged China's strong position in the EV market and the potential for Chinese companies to become major competitors.</li><li>Investors have responded positively to Musk's comments, with Chinese EV stocks seeing an upward trend.</li></ul>

Musk predicts China as Tesla's biggest rival, Chinese EV stocks soar

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