Tesla’s low-cost car challenges BYD with all-night factory production

Elon Musk Announces Low-Cost Electric Vehicle, Potentially Set to Counter Chinese EV Makers

In an announcement made during Tesla’s 2023 Financial Results call, CEO Elon Musk revealed plans to launch a low-cost electric vehicle (EV) in the near future. If Musk’s ambitious timeline is met, the vehicle could arrive just in time to help Tesla combat the growing competition from Chinese EV manufacturers.