Porsche Goes Green: Is The New Mission E The Ultimate Anti-Tesla?

• Porsche presented a new electric car in the Frankfurt Motor Show.
• The new vehicle could pose a threat to Tesla and other electric carmakers. However, it is still a concept car at the time.
• Shares of Volkswagen AG (ADR) VLKAY, owner of Porsche, are up more than 0.75 percent on Tuesday trading.

As the Frankfurt Motor Show develops, a few interesting cars are being unveiled. On Monday, Porsche presented its new Mission E car concept. This electric vehicle is powered by two electric motors (one for each axle) that provide more than 600 horsepower -- each of the wheels receives its own torque.

Many believe the Mission E was conceived to compete with Tesla Motors Inc TSLA’s Model S and BMW’s i8.

Comparing Mission E & P90D Model S

• Mission E goes from zero to 62 mph (100 km/h) in 3.5 seconds – Model S takes 2.8 seconds to hit 60
• Mission E has a battery-only range of 310 miles (almost 500 kilometers) – Model S, almost 300 miles
• Mission E can charge 80 percent of its battery in 15 minutes – Model S takes 30 minutes for the same task

A Forbes article points out some other goodies for the Porsche Mission E: “Inductive charging: No cable, no plug. Drive over a base plate in your garage and inductive charging of the battery begins. Menu navigation by eye tracking: detects, via camera, which instrument the driver is viewing. Holographic display that extends into the passenger’s side, showing individually selectable apps, which are stacked in virtual space. Underbody battery based on the latest lithium-ion technology. Lightweight design with mix of aluminum, different steels, carbon fiber, ‘all in the right combination and in just the right place.’ With no transmission tunnel, extra cabin space.  And a height of only 1.3 m (4.27 feet).”