Although Tesla fell short of its ambitious 2 million target, it exceeded analysts’ expectations in the last quarter and produced approximately 500,000 electric vehicles and delivered nearly 485,000 electric vehicles. Model 3 and Model Y continue their leadership. While Musk boldly predicted that Model Y would soon conquer the world, Tesla remains silent on the individual sales figures of its two leaders.
But all was not well for Tesla. The Autopilot controversy and economic turmoil are casting a shadow over the Model 3 and Model Y, forcing them to lower prices to attract buyers. In the most important market, China, a fierce competitor has emerged in the form of BYD, which offers electric vehicles at significantly lower prices.
Looking ahead, the fight for EV supremacy is heating up. While BYD is rapidly gaining momentum, Tesla cannot afford to rest on its laurels. Can they continue their innovation streak and strengthen their dominance? Or will BYD’s affordability and strategic location steal the crown? The electric vehicle race continues.
Source: Ferra
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