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 would 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.