Porsche Pajun will be an all-electric Tesla fighter?

Rumors about an all-electric Porsche midsize sedan have been on and off, but now the latest rumor claims that plans are moving forward to bring it to market in about four years.

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Rumors about an all-electric Porsche midsize sedan have been on and off, but now the latest rumor claims that plans are moving forward to bring it to market in about four years. Previous reports claimed that Porsche is working on an electric model, but Porsche quickly rejected the rumors, but now development is supposedly back on.
Porsche reportedly rejected the earlier plans due to range and performance concerns, but now Porsche expects battery technology to meet its performance targets within the next four years. Sources told Auto Motor und Sport that the midsize Pajun (name likely to change) will have an electric driving range between 217-248 miles.

Related: Porsche to Take on Tesla with Electric Mid-Size Model

There are reports that the Pajun will also be offered with traditional gas and diesel engines.

Source: Auto Motor und Sport