For years, electric cars were seen as slow and boring, but that story has changed. In an epic speed battle, the Tesla Model S Plaid went head-to-head with two much more expensive electric beasts: the Lucid Air Sapphire and the Rimac Nevera.

The new EV, codenamed “E41,” will use existing parts and assembly lines but will cost at least 20% less than the Model Y.

Tesla China is working on a cheap Model Y variant that might launch later this year to boost demand if the refreshed Model Y sales disappoint