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In a playful expansion, Tesla will sell a Cyberquad-inspired electric quad for children in China, starting at $1,670. Designed for kids aged 8 to 12 and weighing less than 50 kg (110 pounds), this mini vehicle offers a top speed of only eight kilometers per hour—perfect for safe, beginner-level fun. The move reflects Tesla’s broader brand extension strategy, blending entertainment with environmental consciousness.
Market Share and Industry Resilience
Tesla maintains a commanding presence in the U.S. EV market, with approximately 70% market share, dwarfing competitors like GM at around 6.5%. This dominance underscores Tesla's continued leadership and the brand's resilience amid industry challenges.