Tesla market share could be dented by cheaper rival EVs – S&P Global Mobility
Tesla Inc may be losing its tight grip on the electric car market, as rivals try to chip away at its market share with cheaper options.
With electric cars quickly gaining popularity among masses, models priced below $50,000 are in big demand, an area where the world’s most valuable automaker “does not yet truly compete”, S&P Global Mobility said in a report on Tuesday.
The Model 3 compact sedan is the Elon Musk-led company’s least expensive vehicle on sale, with a starting price of just under $47,000.
