The EV market is basically (1) Tesla, (2) a bunch of Chinese auto makers (BYD and ten others you’ve never heard of), (3) and every other well-known legacy auto maker.
BYD is giving Tesla some healthy competition.
Tesla is working on a $25k auto right now that should be available in 2026.
There isn’t much hope for legacy auto in the EV space. They’re too far behind and their costs for production are too high to remain profitable.
The Chinese auto makers have announced plans to open factories in Mexico which would give them easier access to North America under the USMCA.
