Porsche and Audi take on Tesla with two gorgeous electric car visions

Tesla, meet your new German rivals.

At the Volkswagen Group's press conference Monday, Porsche and Audi showed off two new electric concept cars, the Audi e-tron quattro concept SUV and the Porsche Mission E

A production timeline for the Porsche was not presented, but Audi said it will launch an all electric SUV in 2018.

Tesla isn't much of a sales threat to companies such as Audi and Porsche just yet — but the auto industry is clearly watching Elon Musk's company closely. The Porsche looks like a rival to the Tesla Model S, while the E-Tron Quattro Concept seems to set its sights on the Model X. Read more...