Tesla Rivals: VW Audi Debuts E-Tron Electric SUV; Saudis Invest In Lucid [Investor's Business Daily]
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Source: Investors Business Daily
Related news Tesla ( TSLA ) competition continues to heat up. Volkswagen ( VWAGY ) luxury brand Audi is showcasing its all-electric crossover Monday with deliveries set to start early next year. Meanwhile, a Saudi investment fund that Elon Musk once saw as a possible Tesla stock buyout partner invested $1 billion in would-be rival Lucid Motors. The all-electric Audi e-tron makes its global debut in San Francisco on Monday at 9 p.m. PT. Audi e-tron reservations open today, with deliveries set for the first part of 2019. Audi will likely tease more details on pricing and "the future of the brand" at the event, which will be the first the actual production vehicle will be shown. The five-passenger SUV aims "at the heart of the premium market," the company said. That makes it a direct rival to the Tesla Model X, a midsize, battery-electric, luxury crossover utility vehicle. The e-tron is the first of three all-electric Audi vehicles set to launch by 2020. Meanwhile, Saudi Arabia's Public
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