Tesla vs bmw12/19/2023 BMW was founded in 1916, in Munich, Germany, while Tesla was founded in 2003, in California, USA. How does Tesla compare to BMW?īMW has been around for decades, while Tesla is still a new company. BMW is ideal for car owners who want better performance and handling, while Tesla is perfect for drivers who desire an environmentally-friendly, high-tech car. Therefore, the car that you choose will depend on your needs, taste, and location. So, which brand is better?īoth Tesla and BMW are high-end vehicle brands, meaning they are quite expensive. Tesla is more advanced with high-tech features, while BMW is more comfortable with better handling. CNN Sans ™ & © 2016 Cable News Network.If you’re searching for a luxurious car, a couple good brands to consider are Tesla and BMW. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account In another encouraging sign, the company’s management also indicated they were confident that the new EVs would “reach the same profitability” as their gas-powered counterparts, the analysts added. In a report Thursday, UBS analysts said they had received a preview of the company’s latest models and felt “strongly reassured” about Mercedes’ product pipeline for the next two to three years. Källenius also teased another upcoming vehicle Sunday while discussing Mercedes’ G class, a line of SUVs, saying: “The little G will be electric.” The new vehicle could be a competitor to Tesla’s Model Y, which is also a compact SUV. The longer range may help the legacy automaker lure more customers, as range anxiety is often cited as a major consideration in consumers’ decisions about whether to buy an EV. He said the new vehicles “could easily take you from Munich to Hamburg on a single charge.” Mercedes' new Concept CLA Class vehicle unveiled at the Munich auto show at the weekend Mercedes-Benz AGįor Mercedes, the Concept CLA Class is meant to represent “an entirely new all-electric segment of entry-level vehicles at Mercedes-Benz,” appealing to more buyers, according to CEO Ola Källenius. The new vehicle is due to roll out in 2025. “With the Neue Klasse, we have embarked on the biggest investment in the company’s history,” Frank Weber, a BMW board member, said in a statement. Overall, charging speed and range are expected to be improved by up to 30% compared with the brand’s previous models, according to the company. Meanwhile, BMW also made a splash at the show by revealing a new electric vehicle that boasts a longer range and faster charging, in further evidence of German automakers’ efforts to fend off growing EV competition.īig European carmakers such as Volkswagen and Renault are already being squeezed by Chinese rivals in cheaper EVs, while Tesla has vowed to turn its factory near Berlin into Europe’s biggest car plant.īMW’s Vision Neue Klasse vehicle, also still in concept stage, uses newly developed battery cells that can store over 20% more energy than those previously used by the company. The vehicles will each have a range of more than 750 kilometers (466 miles), versus Tesla’s ( TSLA) Model 3 and Model S, which have the brand’s highest ranges and each can go for just under 375 miles off one charge. The company did not specify when exactly they would enter production. The German automaker’s Concept CLA Class, revealed Sunday at the IAA Mobility auto show in Munich, comprises four new models: a sedan, a station wagon and two SUVs. That’s compared with a range of less than 380 miles for any Tesla model. Mercedes-Benz has just unveiled new “close-to-production” concept vehicles that could outdo Tesla cars by going more than 466 miles on a single charge.
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