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Chinese electric vehicle maker BYD maintains a competitive price point despite potential tariff impacts, with gross margins exceeding 20%. Meanwhile, Tesla has been reducing prices on its Model 3 Long Range, with recent cuts of $250 in the U.S. market.

NEWS: Tesla has reduced the price of the Model 3 AWD in the U.S. by $250 to $47,490. https://t.co/zSGpUzkdTf
$TSLA Tesla today slashed its Model 3 Long Range by $250 - Take a look at the price change with the table! https://t.co/K2N8co9P0w
BREAKING: $TSLA CUTS PRICE OF MODEL 3 LONG RANGE BY $250 👀 We aren’t done with price cuts yet! https://t.co/d0WKp3p7Pv