How the Tesla Model 3 Is Afraid of the New BYD Seal EV

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

The BYD Seal is swiftly emerging as one of the most competitive electric vehicles on the market with the announcement of

its low starting price and features like quick acceleration, range up to 605 kilometers,

air suspension, as well as blind spot detection and autonomous parking.

The Model 3 costs significantly more but has only a modest advantage in range, reaching up to 620 kilometers.

Customers might be drawn to the Seal's significantly lower price even though it lacks some safety features that Tesla's car has.

It appears that Tesla may have at last encountered some competition from a different automaker in the EV market.