When it comes to electric vehicles, Tesla is the global leader, but in recent years, it has faced increased competition from rivals, particularly in markets like China and the United States, where EV adoption is rapidly rising. The American organisation might in any case appreciate a seriously significant lead regarding deals however its setup of models has not seen any new contributions in some time now. As the much-delayed Cybertruck is being finished and the company has now teased two new electric vehicles, all of that may change.
Reports in the US media emphasise the significance of Tesla’s “Tesla Master Plan Part 3” and the fact that the company teased two brand-new electric vehicles as part of the plan. Based on the silhouette, it’s possible that one of these is a compact vehicle, while the other is a van-based all-electric model. This compact electric vehicle, which was previously confirmed for 2020, may primarily target emerging markets where Tesla intends to expand in the future.
Elon Musk, the chief executive officer of Tesla, has lofty goals and has previously acknowledged the need for a less expensive than the Model 3. He has also talked about how this model might help Tesla get a foothold in new and developing markets all over the world.
The Tesla Model 3 is the company’s best-selling electric vehicle at the moment, with impressive sales from the United States and China, the largest EV market in the world. However, Tesla has been taking a lot of heat from local rivals, particularly in China, where BYD and SAIC have made some significant moves. Tesla has been forced to offer discounts, which eventually led its rivals to do the same.
