Tesla Rival Launches Luxury SUV Production

Tesla (TSLA) the world’s leading electric vehicle manufacturer, has seen increased competition from its EV rivals, especially in the luxury SUV market.

Tesla has held its own against the competition, producing and delivering more EVs in the first half of the year than any other company in the world with 563,987 produced and 545,884 delivered. No other EV maker comes close to Tesla’s industry-leading numbers.

Electric vehicle manufacturers have recently been rolling out new luxury SUV offerings to compete with Tesla.

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