Porsche Is Building a Tesla Competitor
Porsche committed to making its first all-electric vehicle, taking on Tesla Motors Inc. with a model that’s set to accelerate faster than the German company’s 911 sports car and recharge in 15 minutes. Porsche green-lighted a 1 billion-euro ($1.09 billion) project to produce the battery-powered sports car, which will be manufactured near division headquarters in Stuttgart and create 1,000 jobs, the Volkswagen AG unit said Friday in a statement.
Continue Reading![](https://s0.storage.snapzu.com/favicons/b/l/o/o/www.bloomberg.com.png)
Join the Discussion