Kandi May Cause Tesla’s Revenue To Fall In Q4 2020

Kandi (NASDAQ: KNDI) blasts off 140.83% on 58,586,235 shares after announcing a virtual event on August 18th to start pre-sales of K27 and K23 that may penetrate the American market of EVs.

Currently, there are no 4 seater EVs in North America that cost from $12,999 to $22,499 after federal tax credit. The most sophisticated Tesla Model 3 starts from $31,690 after taxes. Not everyone can afford this EV with 4 seaters.

Chinese EV maker Kandi came up with affordable models that are convenient to the poor and medium classes who live in densely populated cities. Families with 2 or 3 children may easily buy K27 without applying for the car loan.

Very soon Tesla might develop a model costing less than $20,000 after taxes to compete with counterparts from overseas. However, it is very late because Tesla’s Q4 revenue may shrink due to K27 and K23 pre-orders.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life