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Porsche is Watch Climax Onlinecoming for Tesla's grip on the high-end electric car market with its own battery-powered sportster, and it's hitting the streets even sooner than expected.

The Mission E concept was unveiled and confirmed for a full production run back in 2015, but now Porsche is ready to share some more concrete details about the fully-electric, four-door sports car, which will be the first from the luxury automaker.

Porsche chairman Oliver Blume spilled the details to CAR Magazineduring the Frankfurt Motor Show. He said the car is in the latter stages of development and will be ready for launch by 2019, a year ahead of the initial 2020 estimate. At $85,000, it'll cost about as much as Porsche's entry-level Panamera and Tesla's Model S 75D iteration.

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The Mission E won't skimp on performance, either — it's slated to boast a 0 to 60 mph time in less than 3.5 seconds, maxing out at over 155 mph. That's not quite a Tesla in Ludicrous mode — the fastest iteration of the Model S has been clocked zipping up to 60 mph in just 2.28 seconds — but it's certainly more than enough power for most luxury car owners.

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The Mission E also has a dual-motor layout for four-wheel drive and four-wheel steering, like Porsche's 911, so the actual driving experience is a major focus.

Original image has been replaced. Credit: Mashable

Porsche claims the batteries will allow for a range of up to 300 miles per charge, which puts the Mission E smack in the middle of Tesla's estimates for its Model S sedans, which range from 265 to 337 miles per charge.

The Mission E is slated to take less than 15 minutes to reach an 80 percent charge, though, which could be an edge over other EVs on the market. That could be possible using the 350kW fast-charging setup, although Porsche's charging network doesn't quite rival Tesla's yet, at least in the US.

Original image has been replaced. Credit: Mashable

Blume also said that the Mission E would likely be ready for public tests soon — so it could be making flashy appearances on roads well ahead of the 2019 launch. The big price tag might not be in reach for everyone, but that hasn't stopped the Model S from succeeding with those who can pay up.

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