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This car is a strong "proof of concept" car that seems to be excited well. BMW will learn a lot from this car and it wi help prep the market for more electric cars in the future from other companies besides telsa.
As for "bye bye Tesla", no way. As others have mentioned, this is a totally different car in a different class. Plus the telsa can seat 6 (if you have 2 kids like me)!
While BMW will be selling i3s for 40k, Tesla will be selling SUVs for ~50. Both companies will continue to thrive, but Tesla will still be the standard of the electric car community.
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