Porsche unveils its first Tesla competitor

The first electric Porsche sedan is here and ready to take on Tesla's Model S — for a price.

To make a point about the long-awaited German car's sustainability, the Taycan was unveiled simultaneously on Wednesday at Niagara Falls in Canada (representing hydropower), at a solar farm near Berlin, and at a wind farm in China. The all-electric car was first introduced in 2015 as the Mission E. It'll be available by the end of this year as the Taycan Turbo and higher-performing Taycan Turbo S. 

Porsche promises less powerful (hopefully that means less pricey) electric vehicles are coming later this year. Next year, the electric wagon Taycan Cross Turismo will arrive to fill out the "e-family." Read more...