Autos

Tesla faces twin assault as Mercedes, VW launch first long-range EVs

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Elon Musk

Mike Blake | Reuters

It’s been a tough month for Tesla, and the challenges the Silicon Valley electric-car maker faces will only accelerate now that two major European automakers are launching sales of their first entries into the long-range EV market.

Volkswagen and Mercedes-Benz began taking orders Wednesday and Thursday, respectively, for new battery-electric vehicles, with the two companies each planning to follow up with a wave of additional entries over the next few years. Whether they will prove to be “Tesla killers,” as some observers have dubbed them, is far from certain but the two German manufacturers are each investing billions of euros in their electrification…



Source cnbc.com

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