What Happened: Musk, on Friday, took to Twitter to respond to an old clip posted by Tesla Owners Silicon Valley Club, where the billionaire is seen laughing as the journalist asked him about BYD trying to compete with Tesla. 

In the clip, after a brief laugh, Musk replied, "Have you seen their cars?" and started laughing again. He further responded with a "No" when the journalist asked if he doesn't see them as a competitor "at all."

However, Musk's opinion has drastically changed now. 

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"That was many years ago. Their cars are highly competitive these days," the billionaire wrote in his reply to the tweet.

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