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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
The Boring Company’s latest Tesla tunnel truck mod “fits like a glove”
The Boring Company has modified a Tesla powered tunnel truck to carry freight containers underground.
The Boring Company has found a second job for the Tesla hardware it already runs underground. In a post on X, Elon Musk’s tunneling company showed its latest Prufrock Liner Truck modified to carry a standard 20 foot shipping container. “Using TBC tunnels to transport freight,” the company wrote. “The latest Prufrock Liner Truck (using Tesla Model 3 batteries and drive units) has been modified to carry a standard 20′ shipping container. Fits like a glove!”
The photo shows a red container sitting on a long, low white chassis parked outside, with drive hardware visible at one end. The Boring Company did not say where or when freight hauling would start, which customers it has in mind, or how many trucks it is converting.
Using TBC tunnels to transport freight.
The latest Prufrock Liner Truck (using Tesla Model 3 batteries and drive units) has been modified to carry a standard 20’ shipping container.
Fits like a glove! https://t.co/VV0phWK4fc
— The Boring Company (@boringcompany) October 19, 2026
Until now, the liner trucks have hauled concrete. Teslarati reported in August on Liner Truck 3, which uses Model 3 battery packs and drive units to move more than 22,000 pounds of precast tunnel segments to the boring machine. It has 28 miles of range, tops out at 12 mph, and is piloted remotely from the company’s operations center in Texas. The freight version appears to be the same platform with a different bed, and The Boring Company has not said whether it will also be remotely piloted.
Freight has been on the company’s menu for years. When TBC updated its product lineup in 2021, its freight tunnel was described as sized to fit a standard shipping container, “barely.” The company later used the idea at Tesla’s own factory, where Prufrock 3 dug a tunnel to Giga Texas that now moves finished Cybertrucks away from the production line.
The Boring Company closed a $3 billion Series D in September at a $23 billion valuation, and Teslarati has covered how that money is tied to a UAE tunneling push and a faster Nashville build. In Nashville, Prufrock MB1 and MB2 are mining at the same time, and a third machine is expected to launch in late October. Each machine needs a steady supply of liner trucks, so any design that works for segments and containers alike gives the company more use out of the same Tesla parts.
The Vegas Loop remains the only Boring Company system open to the public, and it moves passengers in Tesla vehicles. A freight service would be a separate product, and the post gave no indication that one is close to launch. For now, it is a truck, a container and a short caption saying they fit together.
Elon Musk
Elon Musk will give ‘every kid in America’ a SpaceX share in 2027
Elon Musk said he is planning to give “every one of his SpaceX shares to every kid in America” in 2027, stating that “this will be the first of many.”
SpaceX went public earlier this year, and its stock price has been relatively stable since leveling off shortly after its IPO. Based on its current price, it’s a gift of just over $10 billion to children across the United States.
It appears to be closely related to President Donald Trump’s bank accounts for children, which were set up earlier this year as Trump Accounts.
Just hours earlier, Anthropic had announced the establishment of its Anthropic Public Benefit Fund, “a new wholly-owned entity dedicated entirely to public benefit.” Musk responded by stating he recommended “giving the shares directly to the public,” and that he would be doing it that way.
Just a little bit later, Musk said children across the U.S. would be getting a share from him:
Next year, I will give one of my SpaceX shares to every kid in America.
This will be the first of many.
— Elon Musk (@elonmusk) October 19, 2026
There are roughly 70 million children, meaning someone under the age of 18, in the United States, according to the Federal Interagency Forum on Child and Family Statistics. Musk’s ownership of SpaceX stock shows he has around 849 million Class A shares of SpaceX stock, according to filings with the SEC.
Elon Musk
Elon Musk reveals why Boring Co’s biggest East Coast project never happened
Elon Musk revealed in a post on X that “Permits were impossible to get,” explaining the fate of The Boring Company’s most ambitious East Coast proposal.
The comment responded to a query about what became of his July 20, 2017 announcement that he had “just received verbal govt approval” for an underground Hyperloop connecting New York City, Philadelphia, Baltimore, and Washington, D.C., capable of carrying passengers from the Big Apple to the Nation’s Capital in just 29 minutes.
The Boring Company receives verbal ‘approval’ to build NY to DC Hyperloop tunnel
The 2017 post, which envisioned city-center stations and multiple elevators in each city, sparked immediate scrutiny. Local and state officials in New York, Philadelphia, Baltimore, and D.C. said they had no knowledge of any approval. A White House spokesperson confirmed only “promising conversations” about the transformative infrastructure.
Musk clarified shortly after that there was “still a lot of work” to do for formal approvals.
@cybrtrkguy Permits were impossible to get
— Elon Musk (@elonmusk) October 19, 2026
Limited progress followed, as Maryland Governor Larry Hogan’s administration issued a conditional utility permit and supported work near Fort Meade. In 2018, Washington, D.C., granted a preliminary permit for site preparation and excavation on a vacant lot at 53 New York Ave. NE in the NoMa neighborhood, which The Boring Company said could become a station.
A draft environmental assessment for a D.C.-Baltimore segment was released in 2019. Yet, by April 2021, the company had removed the project from its website, and the Federal Highway Administration reported receiving no indication of further interest. Communication with Maryland officials had ceased.
The full corridor would have required coordination among the District of Columbia, Maryland, Pennsylvania, New York, the Federal Highway Administration, the Army Corps of Engineers, the National Park Service, and other agencies.
Environmental reviews under the National Environmental Policy Act, utility clearances, and approvals for novel infrastructure added to the overall complexity of the project and its approval.
Speculation on the permitting barriers centers around a few factors, but a multi-state, multi-level route involving unproven high-speed vacuum-tube technology inherently triggers exhaustive safety, environmental, and engineering reviews that can stretch for years, even for conventional projects.
There are also other elements, of course, like officials who may face political exposure if a privately funded, untested system encountered anything such as cost overruns, delays, or safety issues. On the outset of this project, there were limited things such as engineering plans or demonstrated technology maturity, which also added to the potential skepticism.
The East Coast vision for Boring Co., once framed as a privately funded revolution that could reshape Northeast travel, quietly ended without construction of the promised network. Musk’s recent statement frames the outcome as a regulatory impasse, unfortunate but not unexpected.