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Tesla's EV Competition Intensifies
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Tesla's CEO, Elon Musk, warns of the potential dominance of Chinese EV brands without trade barriers, intensifying the competition with companies like BYD. Tesla faces challenges due to aggressive price cuts, affecting margins and raising concerns from investors. To address affordability concerns, Tesla plans to introduce a more affordable, mass-market compact crossover. Furthermore, Tesla expects to commence production of its next-generation EV at its Texas factory in the second half of 2025.
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How do aggressive price cuts and the introduction of a more affordable crossover reflect Tesla's approach to addressing affordability concerns?
How might the potential dominance of Chinese EV brands impact the global automotive industry?
What strategies can Tesla employ to maintain its competitive edge amidst intensified competition?
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