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Tesla Model 3 Competitive Analysis

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The excitement surrounding the Model 3 came to a peak last night as Tesla finally lifted the curtain on their latest electric car. As one can expect, it's a sexy looking ride but it's accomplishments go far beyond looks. It just may be the best all-electric car we have ever seen. If competitors like Mitsubishi and Nissan want any chance at the top spot, they're going have their hands full.

A DEFINING MOMENT FOR TESLA MODEL 3

In the past, Tesla has had a hard time competing with others such as Mitsubishi and Nissan due to their cartoonishly high prices. CEO Elon Musk has always wanted to bring his electric cars to the masses and now, the Model 3 will allow him to do just that. Besides accomplishing his dream, he can now effectively out compete the cheaper options out there. The sedan's $35,000 base price puts it right in the range of every other new, gas-powered and electric cars on the market. With the federal and state incentives to the mix and that number will go down further. Add the signature Tesla sexiness to the mix and the Model 3 is hard to turn down. Now, it just has to follow through with its 2017 release date and performance.

MITSUBISHI …show more content…

Their little i-MiEV Electric Car is cute and efficient but probably won't stack up to the greatness of the Tesla Model 3. For one, it looks horrendous. This wannabee, electric, lady bug contraption will never hold a candle to the sportiness of the Model 3. In addition to that, it's best left for driving at low speed. High speeds see the Mitsubishi become somewhat twitchy and thrown off by truck ruts, road crowning, and tramlines. For something so small, one would think the range would be a positive factor, however, even that is inferior. The Mitsubishi i-MiEV gets a measly 62 miles on its 16-kWh battery compared to 200 miles of some of the heavier hitters. It's a nice attempt, but this tiny clown car is best left for the casual

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