Heard on the Street: Get ready for a wave of luxury electric SUVs to hit your local dealerships
Tesla’s troubles show how hard it is to make money from electric vehicles. As the world’s top auto makers ramp up EV sales over the coming years, their profits will come under immense strain. A wave of deal-making is one likely consequence.
This month, Audi’s e-tron—an all-electric sport-utility vehicle with a starting price of $74,800, a bit cheaper than Tesla’s Model X SUV—comes to U.S. showrooms. It will be joined early next year by an electric SUV from Mercedes-Benz and, for those on a tighter budget, an electric MINI...
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