Tesla (TSLA) and founder Elon Musk are all about new ideas, and electric cars are a big part of their grand plans. But Tesla is far from alone in selling electric vehicles, better known as EVs.
On the high end, BMW and Mercedes-Benz could offer stiff competition to Tesla in the future. Thrifty folks may go for models from Ford (F) and Nissan, whereas General Motors’ (GM) electric car has a higher base price than Tesla’s.
Tesla’s Model 3 electric car starts at $35,000, before incentives. The company claims it travels for at least 215 miles without a charge and goes from standstill to 60 mph in 6 seconds.
Buyers of all electric vehicles in the U.S. may be eligible for a $7,500 tax credit from the federal government.
Read on more more of Tesla’s top competitors. With some of the production goals that Musk laid out on Wednesday when Tesla reported earnings, the last things it needs is rising competition.