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Ferrari CEO changes tune on EVs, “We have to do it” thanks to Tesla
After years of taking a strong stance against electric vehicles, Ferrari CEO Sergio Marchionne is finally ready to embrace the electric car revolution. In a statement during the 2018 Detroit Auto Show, an event which Tesla opted out of for the third year in a row, the Ferrari CEO announced that the iconic automaker is going to release the world’s “first” electric supercar.
It took a while for Marchionne to even accept the idea of an electric supercar. Over the past few years, the Ferrari CEO has made waves in the auto industry by describing cars like the Tesla Model S as “obscene” due to their lack of engine noise — something that Marchionne believes has to be present in a true supercar. The executive further stated that he would have to be shot first before Ferrari develops a self-driving electric vehicle. Considering his recent statements at the Detroit auto show, however, it seems like it would take far less than a bullet to change Marchionne’s mind.
All it seemed to take was the impending release of Elon Musk’s next-generation Tesla Roadster.
In a statement to Bloomberg, the Ferrari CEO declared that if there will ever be an electric supercar that would be released to the public, it would have the prancing horse on its badge. The Italian auto executive, however, asserted that he is not trying to discount the progress made by Elon Musk’s firm in the car industry. He simply believes that Tesla’s accomplishments can be attained by legacy supercar makers such as Ferrari as well.
“If there is an electric supercar to be built, then Ferrari will be the first. People are amazed at what Tesla did with a supercar: I’m not trying to minimize what Elon did, but I think it’s doable by all of us.”
The CEO further stated that he expects the development of Ferrari’s electric supercar to be a rather simple process. According to the executive, his firm would continue developing hybrid supercars, followed by an eventual transition to fully electric vehicles.
“We do it because we have to do it. While there is work to be done, the new plan for Ferrari being released in the first half will include hybrid cars, so going from there to an electric is easy,” the CEO said, according to a Bloomberg report.
In a lot of ways, Ferrari’s upcoming electric supercar would be a direct competitor to the next-generation Tesla Roadster, which is expected to be released sometime in 2020. While Tesla’s electric supercar is still in development, Musk announced that it would be able to hit 60 mph in 1.9 seconds and finish the quarter-mile in 8.9 seconds. The top speed of the next-gen Roadster was not revealed, but the Tesla CEO did state that it would be beyond 250 mph. Apart from its insane speed, the upcoming tri-motor electric Roadster also boasts a 200 kWh battery pack that’s capable of traveling 620 miles on a single charge.
Overall, it would be interesting to see how Ferrari’s upcoming electric supercar would compare to the next-generation Tesla Roadster. Ferraris, after all, have a strong lineage in Motorsports and track performance, something that Tesla has yet to accel in with its prone to overheating all-electric powertrain. Then again, the Tesla CEO also announced that the next-generation Roadster would be capable of cruising at autobahn speeds for hours. Thus, when the next-gen Roadster does get released, legacy supercar makers like Ferrari might have a pretty big surprise waiting for them in world-famous tracks like the Nurburgring.
Elon Musk
SpaceX Starship just nailed something it’s never done before
SpaceX’s Starship flew successfully Friday, landing both stages and deploying its first Starlink V3 satellites.
Starship’s thirteenth test flight delivered exactly what SpaceX needed with a clean liftoff, two successful stage recoveries, and the first real payload the vehicle has ever carried to space. Booster 20 and Ship 40 lifted off at 5:51 p.m. CT from Starbase, and by the time the mission wrapped roughly an hour later, both halves of the rocket had done exactly what they were supposed to do.
Booster 20 separated from Ship 40 a few minutes into the flight and stuck a controlled splashdown in the Gulf of Mexico about six minutes after liftoff. That is a meaningful turnaround from Flight 12 in May, when the booster lost several engines during its boostback burn before a hard water landing attempt.
Starship as seen from Starlink satellites pic.twitter.com/e2hvfmnewh
— Elon Musk (@elonmusk) July 25, 2026
Starship 40’s performance was arguably the bigger win. The vehicle deployed the first 20 operational Starlink V3 satellites Starship has ever carried, then flew a suborbital arc to a landing in the Indian Ocean that SpaceX commentator Dan Huot called the company’s softest splashdown yet. “This is a dream scenario for this team that’s trying to get this heat shield data,” Huot said on the live broadcast, according to Space.com’s live coverage. “I’m a little over the moon right now. Wow. Lucky number 13.”
Unlike the mass simulators SpaceX flew on Flight 12, these were production Starlink V3 satellites, meant to extend solar arrays and antennas and attempt to link with the broader constellation before reentering minutes later. Getting real hardware through a full deploy sequence on only the second flight of the V3 generation keeps Starship on schedule for the payload work NASA is counting on for future Artemis lunar landings.
What an awesome launch, really seems like everything went super well and it was all incredibly smooth.
SpaceX is awesome. Very interested to see how the market will respond on Monday pic.twitter.com/KSHmyBfV55
— TESLARATI (@Teslarati) July 25, 2026
— TESLARATI (@Teslarati) July 25, 2026
The flight also arrives at a moment when SpaceX needed a win. SPCX has traded below its $135 IPO price since mid-July, as Teslarati reported when the mission slipped to Friday, and short interest has climbed to roughly a third of the tradable float. A clean flight will not fix a balance sheet, but it does answer the one question SpaceX absolutely needed answered this week: whether the fixes made after the July 16 abort would hold up under real flight conditions. They did, on both stages, on the first try after the redesign.
SpaceX has not set a target date for Flight 14, though the company has said it wants to push toward an orbital attempt on the next mission. After Friday, that goal looks a lot more within reach.
Tesla’s Supercharger Diner in Los Angeles dominated the company’s global usage rankings after just one year, proving the concept is more than just a one-off novelty location that will fade away.
The performance could incite the company to build more locations, something that CEO Elon Musk has hinted at for some time.
Tesla’s Supercharger Diner delivered 21.2 GWh of energy in its first year of operation, the company’s head of Charging, Max de Zegher, revealed on X. Of the top 10 most utilized Supercharger locations in Tesla’s global infrastructure, the Diner in Los Angeles was the most used by drivers, and it wasn’t particularly close:
Tesla Diner opened exactly 1 year ago. Inspiring that futuristic places like this exist.
It’s our highest usage Supercharger in the world: 21.2 GWh delivered in a year, 1.6k sessions/day.
Top 10 Superchargers by energy delivered: https://t.co/9YvJ8lw696 pic.twitter.com/koB3AUJHws
— Max (@MdeZegher) July 21, 2026
On its launch day one year ago, nobody was too sure what the Tesla Diner would be about. It seemed like an interesting concept, and considering it had been in the works for years, it was a highly anticipated launch that many were looking forward to.
Based on its success, we could see additional Diners with Superchargers built throughout the United States, and potentially beyond. Musk has said on several occasions that the company would be willing to bring the Diner idea to more markets.
Tesla makes major change at Supercharger Diner amid epic demand
Of the markets that Musk has mentioned, both Palo Alto and Austin have come to be perceived as ideal selections. However, there are no concrete plans as of now to build new Supercharger Diners anywhere; the location on Santa Monica Boulevard will remain the exclusive spot to pick up Tesla-inspired eats, at least for the time being.
Tesla short sellers won big following the company’s massive fall on Wall Street after it reported subpar Earnings on Wednesday.
Tesla short sellers collected about $4.12 billion in single-day profits on Thursday, according to Bloomberg. Shares fell as much as 15 percent during Thursday’s session. It closed as one of the worst days for Tesla on Wall Street in the past three years.
Investors sold off the stock after Tesla said it would aggressively direct its spending toward AI and its Optimus robot project. The company had record revenues, which were driven by one of the strongest quarters in terms of vehicle deliveries in company history.
However, it missed EPS estimates by reporting just $0.33, a far cry from the $0.53 analysts expected.
S3 Partners reported that about 3 percent of Tesla’s outstanding stock is sold short. Managing Director at S3, Ihor Dusaniwsky, provided the short seller’s potential profit, as well as another figure: shorts have likely had paper gains of $8.92 billion this year, as Tesla shares are down 30 percent in 2026.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla has burned short sellers many times in the past, but the company’s latest Earnings Call was a chance for those skeptics to taste some payback. Although the company gave some very transparent information regarding future projects, the rollout of Robotaxi, Optimus, and Semi, many investors took their profits on Thursday.
Notable short sellers like Michael Burry have been transparent about their skepticism around Tesla shares. Burry just revealed three weeks ago that he had opened up a new short on the stock, stating he shorted Tesla shares at $416.22. “Happy it jumped back to this level,” he said in a blog post.
At the time of publication, Tesla shares were down about 3 percent and the stock was trading at $309.92.
SpaceX Starship just nailed something it’s never done before
Tesla’s Supercharger Diner probably just secured more locations
