Electric Mercedes opens German assault on Tesla

Electric Mercedes opens German assault on TeslaSTOCKHOLM/PARIS (Reuters) – Mercedes-Benz is set to unveil its much-anticipated electric SUV on Tuesday, marking the start of a German onslaught against Tesla’s dominance of the fast-growing market for premium battery cars. Daimler-owned Mercedes, BMW and Volkswagen’s Audi and Porsche divisions are all gunning for the $ 52 billion Californian upstart, with early publicity efforts emulating its tech-industry halo. The market for upscale electric cars is Tesla’s to lose, with sales of its entry-level Model 3 sedan expected to reach about 50,000 cars this year and almost double that in 2019.

Yahoo Finance

You may also like...