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Mercedes CEO: We will beat Tesla in less than 10 years (TSLA)

Mercedes’ head said that the German automaker plans to overtake Tesla as the top premium electric car maker in less than 10 years. Last week, Mercedes revealed its new electric car brand called EQ. It also unveiled its new Generation EQ concept car, which is a fully-electric SUV that will have a range of more than 300 miles per charge and go into production in 2019. After the unveiling, Mercedes CEO Dieter Zetsche said in a Bloomberg interview that Tesla was the key competitor in the luxury electric car market, but said that Mercedes plans to become the leader in the space in less than a decade.
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