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Porsche Is Building a Tesla Competitor (bloomberg.com)
An anonymous reader writes: Back in September, Porsche unveiled a prototype for an electric vehicle. They were trying to gauge interest and figure out if they have the technical know-how to build one. Now, they've made the decision: Porsche's "Mission E" project will put an all-electric vehicle on showrooms by the end of the decade. Wolfgang Porsche said, "With Mission E, we are making a clear statement about the future of the brand." This is a reference, of course, to Porsche's parent company, Volkswagen, which has been in trouble for tampering with emissions standards recently.
Open the trunk of your electric car, and there's a small ICE chugging away.
Why are so many trying to compete with a company that is barely profitable, ...
Tesla has only explored the very top of the "willingness to pay" (WTP) curve, they have proven their design and engineering skills, they are at an early stage and still figuring out how to scale manufacturing and their supply chain, they have a brand name that is incredibly "aspirational", they can't build them fast enough to satisfy demand, ... Now imagine getting the logistics/manufacturing sorted out and moving down the WTP curve.
FWIW, the license plate frame on a friend's Chevy Volt: "I wanna be a Tesla when I grow up". When she posted a picture of the frame to a Chevy Volt owner Facebook page she got a ton of thumbs up. A second friend drives a Chevy Volt and also wants a Tesla, he has a university alumni license plate frame though. The only thing keeping these two friends from a Tesla is affordability and Tesla is working on that.
So as far as promising business ventures go, I think Tesla may qualify.
especially since oil has dropped?
Did declining hay prices interfere with Ford?
Why are so many trying to compete with a company that is barely profitable, especially since oil has dropped?
Because a Tesla all electric 4 door luxury sedan that seats 5 is equaling a Porche 2 seater sports car with 580 horsepower at zero to 60mph.
Porche 2017 911 Turbo S: 2.8 seconds.
Tesla’s Model S P85D: 2.8 seconds.
http://www.digitaltrends.com/c...
http://techcrunch.com/2015/07/...
Tesla won't exist in 4 years. Mark this post.
...but once it's off the test track, it turns out there's a hidden coal-powered steam engine in it.
If you really believed that, you would not post as AC.
I prefer the "u" in honour as it seems to be missing these days.