Mercedes-Benz is showing off its vision of an electric luxury sedan of the near future -- and something like it is probably under development.
Daimler's (OTC: DMLRY) luxury unit unveiled a concept car called the Vision EQS at the International Motor Show in Frankfurt this week. It's a big, all-electric luxury sedan with some self-driving capabilities -- and a lot of fanciful details that are just for show.
But if we look carefully, we can see where Mercedes is going with this -- and why it might be important to investors in Daimler and its rivals, including Tesla (NASDAQ: TSLA).