Tesla was once an EV innovator, but its cheaper Model 3 and Model Y show it’s now being lapped by Chinese rivals

Tesla, once a leader in electric vehicle innovation, is now facing stiff competition from Chinese manufacturers as it rolls out more affordable versions of its Model 3 and Model Y. While these new models are priced lower, they come with significant compromises in features and quality, raising concerns about Tesla's ability to maintain its edge in the rapidly evolving EV market. This shift highlights the growing influence of Chinese rivals and the challenges Tesla faces in appealing to budget-conscious consumers.