"We encourage investors to say, don't rely on China, for example, as your No. 1 reason why you own Tesla," Jonas said in an interview on CNBC's "Squawk on the Street."
"I talk to some investors that think Tesla will have 50% market share of like AI, robotaxi or something in China." he argued. "To us, that would be equivalent to a U.S. telecom company operating in China. It's just not where the market is going."