Elon Musk will face fresh competition that could further squeeze demand for his vulnerable lineup of aging Tesla sedans next year.
On Monday, Volkswagen unveiled its flagship four-door ID.7, the brand’s third global electric vehicle after the ID.4 and upcoming ID.Buzz. VW hopes to poach U.S., European, and Chinese customers from Tesla’s Model 3 and even the Model S thanks to an expected low entry price, roomy interior, and what it calls a 300-mile-plus range.
