We've been hearing for a while that Nissan (NASDAQOTH:NSANY) is planning an all-electric luxury car to be sold under the Infiniti brand. It's expected to look a lot like the Infiniti LE concept car, shown above, which the company first unveiled last year.
Many have speculated that this could be the first direct competitor to Tesla Motors' (NASDAQ:TSLA) hot Model S sedan, coming from the company that had the first successful mass-market electric car with its Nissan Leaf. But more recently, Nissan has said that the program could be delayed, hinting that other (non-electric) new models might take precedence.
A few weeks ago, Fool.com contributor John Rosevear asked if the real reason for the car's delay might have to do with Nissan's worries about competing with Tesla. Now, new information on the real reasons for the car's delay has come out -- and in this video, Rosevear explains what's going on and how this is likely to play out.
Fool contributor John Rosevear has no position in any stocks mentioned. Follow him on Twitter at @jrosevear. The Motley Fool recommends Tesla Motors. The Motley Fool owns shares of Tesla Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.