Porsche and Audi are hoping to challenge Tesla in the luxury electric car market, but Elon Musk can sleep easy for now. Both are still years away from production.
Porsche unveiled its first all-electric concept car at the Frankfurt auto show Tuesday. It looks like a futuristic version of the Porsche 911.
The German sports car maker boasts that the four-door Mission E will be able to drive roughly 310 miles on a single charge. The new model should take just 15 minutes to charge to about 80% of its capacity.
That would be significantly faster than market leader Tesla (TSLA), which requires about 30 minutes to reach the same level of charge.
Plus, the Mission E boasts a longer range than Tesla’s Model S. It should run for 250 miles after a 15-minute charge versus 170 miles from a 30-minute charge.