The new BYD Seal EV has Tesla's Model 3 worried.

With the announcement of 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 BYD Seal is quickly becoming one of the most competitive electric vehicles on the market.

In comparison, the Model 3 has only a slight edge in range with up to 620 kilometers, but costs considerably more.

Even with some safety features lacking on the Seal compared to Tesla’s vehicle,

customers may find the much lower price tag appealing.

It seems Tesla may have finally found some competition from another car company in the EV world.