General World News

Ferrari will build an electric supercar to take on Tesla (RACE, TSLA)

Ferrari Portofino

  • Ferrari plans to build an electric supercar to challenge Tesla.
  • The luxury carmaker said it also plans to launch an SUV by the end of 2019 or early 2020.
  • All Ferraris will have some hybrid technology by 2019.

Ferrari is throwing down the gauntlet and challenging Tesla by jumping into the electric car space.

CEO Sergio Marchionne said on Tuesday at the Detroit auto show that the automaker plans to build an electric supercar, according to a Bloomberg report. Marchionne also said that the company plans to launch its first read more >>>

Source:: BusinessInsider.Com