The Tesla Model What? Porsche CEO Doesn't See Tesla As A Rival

Technology

The 2019 Porsche Mission E could make the Tesla Model S look, uh, bland?

Porsche’s current CEO, Oliver Blume, has been on the job for only two years, replacing Matthias Muller, who is now CEO of Volkswagen Group. Let’s just say there was a major upper management shakeup post-Dieselgate. Anyway, Blume who was formerly Porsche’s head of production, inherited a hugely successful brand, rich with history, and had already set a course for the future. The Mission E Concept, due to hit the market in production form in 2019, is proof.

Is it a Tesla Model S fighter, or something beyond what the Silicon Valley carmaker has done so far? Blume insists to The Financial Times that it’s not a Tesla fighter. "What Porsche is doing is to follow our own way. We did it in the past and we’ll do so in the future. Therefore it’s not so important what Tesla does." Blume does, however, give full credit to Tesla founder and CEO Elon Musk for bringing to market innovations such as iPad-size displays and, in general, moving the auto industry forward. But Blume only sees what Tesla has done as "the first step." Porsche and Tesla, though they both build cars, are very different companies. For example, Porsche is a traditional carmaker. Tesla, though it’s publicly traded, behaves like a high-tech start-up.

You Might Also Like
These AMG Black Series Models Could Be The Next Big Ticket Collectibles
These AMG Black Series Models Could Be The Next Big Ticket Collectibles
10 Comfortable Coupes That Have Been Lost To Time
10 Comfortable Coupes That Have Been Lost To Time

“For us, (generating profits) is the main topic, for Tesla it’s not,” Blume said. If the 2019 Mission E is a success, and there’s currently no reason to think it won’t be, then Blume would like to launch an all-electric Porsche SUV. But for now, Porsche sales are stronger than ever. The all-new, third-generation Cayenne just launched, and, as The Financial Times added, the average Porsche sells for $99,000, which generates $17,250 in profit. In the first half of this year, 126,497 Porsches were sold. Do the math. Things are more than fine at Stuttgart. Because of high profit margins, Porsche is investing heavily in the Mission E, and chances are it’ll feature a ton of new tech that’ll even make Elon Musk envious.

Ford Mustang Splits In Half In Illegal Street Race

This is the best example of dumb luck you'll ever see.

The World's Weirdest Wheel Designs

Sometimes the most basic customization tool goes drastically wrong...

Jaguar XE 300 Sport And XE SV Project 8 Create Modern Art

Two vastly different sports sedans that share a common thread.

LEAKED: Ford Mustang Shelby GT500 Revealed At Private Event

This is the first pic we have seen of the supercharged range-topper

All-New Revolutionary Mazda3 Teased Ahead Of LA Reveal

Along with its game-changing sparkless ignition engine.

WatchThe Extraordinary Nissan GT-R50 Being Built By Hand

It’s all about bending sheet metal the old-fashioned way.

Here's How Aerodynamics Make The Lamborghini Aventador SVJ So Much Faster

Take a behind the scenes look at this amazing system.

Fake Lamborghini Murcielago SV Reverse-Engineered By Iran

The Chinese couldn’t have done it better.

Hennessey Trackhawk Is World's Quickest SUV

That's what a thousand horsepower will do for ya.