September 16, 2019 - 11:43 AM EDT
Volkswagen ID.3 Vs. Tesla Model 3: The European Electric Car Volume Battle


Volkswagen ID.3 Vs. Tesla Model 3: The European Electric Car Volume Battle

Game on, Tesla (TSLA). Volkswagen (VLKAF) has commenced production of the first few hundred units of the ID.3, which is the company’s first from-the-ground-up exclusively pure EV focused mostly on the $30,000 to $40,000 segment - initially only for the European market. As a result, in the European theater, the VW ID.3 will constitute the most direct competition to the low-end versions of the Tesla (TSLA) Model 3 when customer deliveries begin closer to summer 2020.

Here's factory video footage of this initial VW ID.3 production having begun: Volkswagen ID.3 Production

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Source: SeekingAlpha (September 16, 2019 - 11:43 AM EDT)