Porsche Is Building a Tesla Competitor

  • Board approves production of battery-powered sports car
  • First purely electric Porsche to come out at end of decade

Will This New Porsche Give Elon Musk a Run for His Money?

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.

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