Mercedes is quietly becoming Tesla’s biggest rival

Tesla has had a meteoric rise as an underdog company, but the next five years could be its biggest challenge yet.

Major automakers from across the globe are preparing massive electric-car rollouts, perhaps none as large as Daimler, Mercedes’ parent company. The German automaker plans to electrify its fleet of cars by 2020 and is investing $11 billion to make it happen.

Read more at Business Insider
Photo: Daimler-Benz

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