After seeing the pictures, I assumed they were moving into the mass-market budget EV sedan market at a price 1/10th of that.

$650k is a fine price for a Ferrari, but not one that looks as plain as that.

This. If this was a 65k sedan, I would understand. With a normal infotainment system, that is. Not this "looks like a race car" stuff.

If I had to spend 650k on a single car, I wouldn't buy this.