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The $10,000 BYD Seagull EV is scaring the U.S. auto industry

Teslarati

Although competitive Chinese automaker BYD isn’t yet slated to enter the U.S. auto market anytime soon , some U.S. automotive groups have expressed concerns over the Seagull EV and other affordable mass-market EVs eventually coming to North America. auto sector,” the organization writes.

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Reuters: Tesla Has Ditched Its Affordable EV Efforts in Favor of Robotaxis

The Truth About Cars

Affordable EVs seem to be a nut that no automaker can crack, as every promise of a “sub-$30,000” model or similar has fallen through in favor of higher prices. CEO Elon Musk has been beating the affordable EV drum for a while, telling investors in January that the car would enter production in Texas as soon as late 2025.

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LIVE BLOG: Tesla Q4 and Full Year 2022 earnings call

Teslarati

Both Gigafactory Texas and Giga Berlin were able to achieve a production of 3,000 Model Y per week. However, Chinese carmakers are likely the most likely to be second to Tesla, since they work hard and they work smart. Executives noted that Tesla is making steady progress with Giga Texas’ 4680 ramp. million forecast.

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