How BYD's New Electric Vehicle, the Seal, Is Causing Concern for the Tesla Model 3.

The new BYD Seal EV is causing concern for Tesla's Model 3.

The BYD Seal is quickly becoming one of the most competitive electric vehicles on the market thanks to its low starting price and features like rapid acceleration,

range up to 605 kilometers, air suspension,

as well as blind spot warning and autonomous parking.

The Model 3's advantage in range is minimal at up to 620 kilometers,

but it comes at a much higher price. Customers may still be interested in the Seal because of its much lower price despite the fact that it lacks some safety features compared to Tesla's vehicle.

It appears that Tesla may have found a competitor in the electric vehicle market.