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They've already been beaten to the punch by BYD and their multiple cars under $20k. They even have a small hatchback for less than $10k!

https://electrek.co/2024/03/06/byd-launches-cheaper-seagull-...

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Sure, but Tesla could always compete against BYD here if they wanted to. There might not be much profit in it, however, and Tesla has a bit better reputation at the high end whereas BYD might still be struggling to sell its higher priced vehicles (for now).

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