According to Goldman, challengers have, for the most part, fallen woefully short of the Tesla S Sedan
Goldman Sachs has generated a chart that looks at purchase price and driving range for a number of EVs (see below).
The only car projected to have a greater driving range then the S is the Audi Q8 e-tron and it will not be available until 2017.
The two EVs that promise to deliver good driving range (200 miles) at an affordable price ($35,000) are the Chevrolet Bolt and the Tesla Model 3. Both cars are expected to be available in 2017.
This report is interesting because over the past 2 years Goldman Sachs has written a number of reports that have been somewhat negative about Tesla and bearish on its stock price.
What are your thoughts on Tesla and its competitors in the EV space?
- Is Tesla the clear leader today?
- Will the Audi Q8 be effective competition for the Tesla X SUV (see below)?
- Given the choice of a Chevy Bolt or a Tesla Model 3, which one would you buy?