Speaking at the Frankfurt auto show, Porsche boss Oliver Blume told the press the company’s upcoming Mission E dual motor, four door, four passenger electric car will go on sale in 2019 and will be priced like an “entry-level Panamera” — the Porsche sedan that starts at $85,000. It is no coincidence that the Tesla Model S 100 D also has dual motors and begins at $87,200.
Tesla is clearly the target for the Porsche Mission E, which is interesting when you think about it. The Model S has only been on sale for about 5 years but already it has become enough of a thorn in Porsche’s side that the German company is investing €700 million to build a new production facility at its Stuttgart-Zuffenhausen facility. It expects to add 1,000 workers to build the Mission E and is expanding its engine factory to build more electric motors.