The Audi "e-tron underscores that catching up with Tesla is more difficult than expected by many," analyst Patrick Hummel said in a note to clients entitled "Audi e-tron launch - another lap Tesla wins"
Hummel noted the e-tron will get 30 miles to 50 miles less range than the Tesla Model X and will accelerate "significantly slower." He said the Audi electric vehicle's disappointing metrics will hurt its sales and benefit Tesla.
Tae Kim Tae Kim
Investing Journalist
Tae covers equities and financial markets for CNBC Pro, CNBC's premium digital-content platform.
Prior to this role he was an editor at Yahoo Finance, worked as an equity analyst at hedge funds and as an investment analyst at a fund of funds. He began his career as a management consultant. Tae graduated from Brown University with an A.B. in history.
Investing Journalist
Tae covers equities and financial markets for CNBC Pro, CNBC's premium digital-content platform.
Prior to this role he was an editor at Yahoo Finance, worked as an equity analyst at hedge funds and as an investment analyst at a fund of funds. He began his career as a management consultant. Tae graduated from Brown University with an A.B. in history.
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