NIO - The $25000 EV Has Arrived But Not From Tesla And That's A Problem
2024-02-21 16:35:51 ET
Summary
- The Geely Automobile Holdings Limited Galaxy E8, a $25,000 EV with specs comparable to the Tesla, Inc. Model 3, highlights Chinese EV competitiveness and arrives 2 years earlier than Tesla's Model 2 Redwood.
- Chinese EV brands have surpassed Tesla on design, cost, range, charging speed, and potentially even driver assistance.
- Tesla's protected U.S. and EU markets will shield it from Chinese competition for at least 2 years, but its growth prospects are not priced in.
One of the things Tesla, Inc. ( TSLA ) investors put their hopes on, is the arrival of the Tesla Model 2, codenamed "Redwood. "...
The $25,000 EV Has Arrived, But Not From Tesla, And That's A Problem