Why Tesla Investors Should Hope Porsche's Electric Car Is Great
It's no secret that Porsche is going electric. The first all-electric Porsche is undergoing testing now, and it's expected to go into production by 2019.
It's also no secret that Porsche's racing-minded engineers have a particular rival in their sights: They've made it pretty clear that they're hoping to show Tesla (NASDAQ: TSLA) a thing or two about making sports cars.
Unlike some Tesla fans, I think the electric Porsche is likely to be very competitive with Tesla's high-performance offerings, maybe uncomfortably so. But unlike some Tesla detractors, I don't think that means that Tesla will be in trouble.
Source: Fool.com