Electric car makers moving into Tesla's turf with new models
FRANKFURT, Germany (AP) — While Tesla grapples with internal issues like production delays, a sometimes-erratic CEO and a recent about-face on whether to go private, its rivals are moving aggressively into the luxury electric vehicle space.
In the next few days, German competitors Mercedes-Benz and Audi, the luxury arm of Volkswagen, are both showing off production-ready electric sport-utility vehicles aimed at Tesla's Model X.
Meanwhile Jaguar Land Rover offers the I-Pace electric SUV while further out, Porsche is taking on Tesla's Model S high performance luxury car with the Taycan, expected to reach the market in late 2019.
The established carmakers have multiple motives.