Tesla market share could be dented by cheaper rival EVs: S&P Global Mobility

Tesla may be losing its tight grip on the electric car market, as rivals try to chip away at its market share with cheaper options.

The Model 3 compact sedan is the Elon Musk-led company's least expensive vehicle on sale, with a starting price of just under US$47,000. Tesla's competition comes from models such as General Motors Co's Bolt and Bolt EUV, Hyundai Motor Co's Ioniq5, Kia's EV6, Volkswagen AG's ID.4 and Nissan's Leaf, the research firm said.

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