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Porsche May Expand With New Electric Car to Challenge Tesla

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Can Porsche Overtake Tesla in the Clean Car Race?

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Porsche AG may expand its growing lineup with a battery-powered vehicle to cater to demand for cleaner luxury vehicles and counter the rise of Tesla Motors Inc.

“Tesla has built an exceptional car,” Porsche chief Matthias Mueller said Friday at the brand’s annual press conference in Stuttgart, Germany. “They have a very pragmatic approach and set the standard, where we have to follow up now.”