Porsche, Audi unveil all-electric models to challenge Tesla

It’s a concept — and in the automotive world a concept might as well be vaporware because most of the time the final product is nothing like the concept — and won’t be coming out until “early 2018.” By then, if things go smoothly for Tesla (they’ve had to delay both the Model S and Model X by several months), the Model 3, which should be much more affordable than this concept, would’ve been on sale for a few months.

I was skeptical about Tesla when the Roadster was announced and I never though they’d be able to pull it off. I should probably curb my skepticism about this announcement as well but judging by the previous such announcements from the automotive world, I remain cautions.

Porsche, Audi unveil vapourware.