Mercedes-Benz unveils electric SUV to challenge Tesla

Mercedes-Benz on Tuesday unveiled its first fully electric car — the latest in a crop of upcoming models that aim to challenge Tesla.

The German luxury automaker said its battery-powered SUV, called the EQC, will hit the streets in 2020 — the first of as many as 10 electric Mercedes models to hit the road by 2022.

While the Mercedes EQC looks like it’s aimed at Tesla’s Model X SUV, the specs on paper may disappoint some driving enthusiasts.

The EQC’s range on a single charge is just 200 miles, versus as much as 295 miles for the Model X. It goes from zero to 60 in 5 seconds, versus 4.7 seconds for the Model X. And the EQC’s top speed is capped at 111 mph, versus 130 mph for the Model X.

Nevertheless, Wall Street is increasingly worried that Tesla is about to face a brutally competitive landscape. Later this month, BMW, Audi and Volvo are all slated to unveil their own electric models.

Tesla has had virtually no competition up to now, enabling it to persuade early adopters to pay a premium for its pioneering cars. That’s despite Tesla’s short manufacturing history, which has been dogged by delays and hiccups.

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