Porsche Rules Out All-Electric Tesla Motors Inc (TSLA) Rival

Porsche was rumored to launch a competitor of Tesla Motors Inc (NASDAQ:TSLA) Model S, which was supposed to be an all electric variation of the new 2016 Porsche Panamera. However, the development chief of the prestige brand, Wolfgang Hatz, has brushed off the rumors saying, “A Tesla is a fine car, but you cannot drive it enthusiastically without losing range or performance too quickly.”

Porsche not coming with Tesla rival

Porsche, at present, offers plug-in hybrids, and the development boss is quite happy and satisfied with it, according to a report from the British magazine Autocar. Hatz, further, informed that he is not sure if the all-electric vehicles are ready for the market or not.

Explained his reasoning, the executive said Porsche is an all sports firm and therefore the buyers had certain expectations from it. “Until the technology offers such a solution to these problems we will not be looking at launching such a car,” said Hatz.

Plug-in hybrids are at the top most priority of the German automaker, even though the company only has worked on building an all-electric Porsche Boxster prototype with various groups both public and private.

What is Porsche focusing at?

Fastest accelerating production sedan in the world, Model S P85D was recently unveiled by Tesla Motors Inc (NASDAQ:TSLA). On a single charge, Tesla car can manage more than 250 miles, and is also capable of range and super-fast acceleration. Therefore, it could be said that Porsche is delusional, and appears to be pre-occupied with something else like German Autobahns.

Cars that can run at excessive high speeds of 100 mph on the 60 percent or so of German Autobahns with no official speed limit have been considered by many German automakers including Porsche. Most of those makers among whom Porsche is one want to make cars that can exceed the legal limits set by the government.

Porsche may not be coming with an all-electric version, but that does not prevent Tesla Motors Inc (NASDAQ:TSLA) to further strengthen its product line-up. Tesla CEO Elon Musk, recently, informed that the much-awaited details on the update of the company’s first car, Roadster, will be announced next week.