Tesla faces stiff competition as Porsche plans to boost Taycan production

It's starting to look like Porsche's forthcoming Taycan is poised to give Tesla some serious competition in the luxury EV space. Earlier this year, word surfaced that Porsche was doubling production from 20,000 units to 40,000 units due to overwhelmingly strong demand. While that was nothing more than a rumor, Porsche has since confirmed plans to boost Taycan production, though the company didn't disclose exact figures. In a statement earlier today, Porsche's Detlev von Platen -- the company's c...