Summary

  • Tesla remains a dominant force in the global BEV market, selling 1.3 million vehicles in 2022 despite high prices and slower growth than expected.
  • Tesla is developing a compact EV that will be positioned below the Model 3 and Model Y, in line with their goal of producing more affordable EVs.
  • Speculation and teaser images suggest that the upcoming Tesla compact EV will be a crossover SUV with a 300-mile range and a possible starting price around $30,000, although a $25,000 price point is still hoped for.