Tesla Is Being Outsold in China by This $4,500 Car

Electric vehicle manufacturer Tesla is facing stiff competition from a budget-friendly carmaker in Tesla's second-biggest market, according to BBC. While Elon Musk's company still maintains a significant share of the electric vehicle market with the popularity of its Model 3 car, a $4,500 car from state-owned company SAIC Motor is outselling the Model 3 at a two-to-one ratio.
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