The $25,000 EV Has Arrived, But Not From Tesla, And That's A Problem

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.
  • Looking for a helping hand in the market? Members of Idea Generator get exclusive ideas and guidance to navigate any climate. Learn More »

Telsa CEO Elon Musk Unveils New Vehicle

Kevork Djansezian

One of the things Tesla, Inc. (NASDAQ:TSLA) investors put their hopes on, is the arrival of the Tesla Model 2, codenamed "Redwood."

The Tesla Model 2 Redwood is supposed to be priced at $25,000 and arrive in 2025. So

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