Tesla Rival Plans to Launch the Most Affordable EV on Market

Published by
The Street

By Kirk O’Neil One of Tesla’s electric vehicle rivals plans to bring the most affordable model to the market. Elon Musk’s leading electric vehicle company Tesla (TSLA) – Get Tesla Inc. Report has been the most dominant EV maker in the world in recent years, delivering the most EVs in 2021 with 936,222 with no other EV maker coming close. The company should easily deliver over 1 million vehicles in 2022. Chinese EV manufacturer BYD Motor delivered more vehicles globally in the first half of 2022 with 641,350, compared to Tesla’s 564,743. However, factory closures as a result of the covid pandem…

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