I asked earlier this week Is Tesla stock sick? The usual answer — Elon Musk’s delusion(s), and the company’s high valuation — are certainly fair reasons, but I suspect the biggest challenge is competition from legacy automakers.

The latest comes from Mercedes-Benz: the EQE. Aimed at Tesla’s best-selling Model Y, the EQE SUV boasts 367 miles of battery range and starts at $68,000. It features MB’s massive 55.5-inch widescreen and will be manufactured at Mercedes’ plant in Alabama. All EQE models feature fast-DC-charging, which can bring the battery from 10% to 80% in just 32 minutes.

The base model EQE 350+ uses a single rear drive motor that produces 288 hp and 417 lb-ft. AWD 4Matic is an option and offers variable torque to all four wheels, the same horsepower but 564 pound-feet of torque. EQE 500 4Matic trim is 536 hp and 633 lb-ft. and sprints from 0-60 mph in just 4.6 seconds.

The AMG version arrives in 2024, boasting 677 HP and a much bigger price tag.

The EQE is priced the same as the Model Y, and is aimed at buyers who want the higher build quality, materials and fit and finish that Mercedes is known for.

Sources: Bloomberg, Road & Track, Motortrend

Sources: Electric, Car and Driver

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