New Delhi, Oct. 26 -- EV giant Tesla, once considered to be the biggest disruptor in the automobile industry, now faces a grim future as the former Stellantis CEO Carlos Tavares believes that the Elon Musk-led company may exit the car business and may even cease to exist within ten years, according to a report by Fortune, citing French newspaper Les Echos.

Tavares mentioned that the EV manufacturer faces stiff competition from Chinese competitor BYD, which overtook Tesla in worldwide EV sales earlier this year. As a result of this challenge and with several projects underway, CEO Elon Musk might shift his focus to other areas.

"We can't rule out that at some point, he'll decide to leave the automotive industry to refocus on humanoid rob...