It is in the same territory on price.
Bear in mind though this is apples and oranges, here are some other differences:
- MG4 is a hatchback competing at the lower end of the market.
- Tesla M3 is a larger saloon competing at the premium end of the market.
- Tesla M3 offers far better performance and efficiency.
- MG4 offers much better ride.
- MG4 minimalist but fairly conventional with buttons and stalks and driver's screen plus infotainment.
- Tesla radically different with most things touch screen only, single large screen.
- MG4 CarPlay / Android Auto.
- Tesla proprietary apps / ecosystem only.
- MG4 updates at dealer, slow and problematic.
- Tesla seamless over-the-air updates.
- MG4 traditional dealer network (at least in UK), local garage to go to with personal service, but very mixed experiences.
- Tesla service centres and rangers only, may have to travel, you are a number in the digital ecosystem, very
- MG4 is less than a year old, still being debugged, first model year update just coming out.
It is only because there are so few EVs in this price bracket that people compare them, but this is changing fast.
They are both great cars.