Tesla's Model S doesn't have any direct competitors yet, but that could be changing soon. Photo credit: Tesla Motors
Tesla Motors (TSLA -2.80%) has made quite an impression – on investors and the general public – with its hot all-electric Model S sedan. Now, the race is on to compete with Tesla's battery-powered hot rod – and the first entry could come from Toyota's (TM -1.27%) Lexus brand as soon as next year.
But there's a catch: Toyota's new ride won't have batteries. Instead, it'll be powered by a hydrogen fuel cell. In this video, Fool.com contributor John Rosevear looks at Toyota's latest announcement – and at the prospects for fuel cells as a technology to rival Tesla's battery-powered electrics.
