Reported about 14 hours ago
Tesla's newly launched lower-priced Model Y and Model 3 face significant challenges in the competitive European EV market, where numerous budget alternatives exist. The starting prices of $39,990 for the Model Y and $36,990 for the Model 3 are less than rivals from both European and Chinese manufacturers, which offer models below $30,000. Although Tesla aims to revive its dwindling market share in Europe with these affordable options, analysts suggest that intense competition and a limited product lineup may hinder sales growth. The U.S. market still offers less competition, but demand is expected to falter due to the expiration of tax incentives.
Source: YAHOO