Part 5/9:
Upcoming Features and Market Competition
While the refresh provides upgrades, many are left wishing for more advanced features such as the much-anticipated steer-by-wire technology and higher battery architectures. Although debates linger regarding the progression of these upgrades to the Model Y, ongoing developments are essential to keeping Tesla competitive.
In response to growing competition, especially from Chinese EV makers like BYD and Xiaomi, which are introducing visually comparable alternatives, Tesla's presence in China is strategic. Gaining market traction in this largest global automotive market is crucial for the company’s growth and its investors' confidence.