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Porsche CEO hints at Taycan’s increased initial production, electrified 911
Porsche appears to be set on expediting the electrification of its fleet, with CEO Olliver Blume recently noting that the company would be raising the numbers of the Taycan’s initial production due to strong demand for the vehicle. Apart from this, Blume also hinted at what could very well be the eventual release of an electrified Porsche 911.
Blume’s statements were related to weekly German business news publication WirtschaftsWoche during an interview. The CEO noted that in Norway, where Porsche usually expects to sell around 600 vehicles per year, the company had already accepted almost 3,000 reservations for its first all-electric car. With such a strong, positive reception for the vehicle, Porsche has opted to adjust the Taycan’s initial production run, which was originally set at 20,000 units per year.
“The annual production capacity is 20,000 vehicles. However, due to the positive response, we will adjust this number upwards, especially since the Cross Turismo as the first derivative of the Taycan got (the) green light for the series,” Blume said.
Earlier this year, the company announced that it is abandoning its diesel lineup, even declaring that it expects every second Porsche sold in 2025 to have an electric motor. Blume noted that the company’s electrification initiative would affect even the legacy carmaker’s classic offerings, including the iconic Porsche 911. The CEO remarked that the design of the newly-unveiled 911 is ready for electrification, and thus, a hybrid version of the vehicle would probably be released within the current iteration’s life cycle.
“The new 911 comes to the start as a gasoline engine. But it is already designed so that we can bring in a hybrid drive. Maybe in the course of its life cycle,” he said.
Apart from announcing the updates on the Taycan’s production and the 911’s likely electrification, Blume also expressed his skepticism of hydrogen-powered vehicles, such as those adopted by rivals Toyota and Mercedes-Benz. According to the CEO, battery-powered vehicles simply offer better value and performance over fuel-cell cars.
“The battery is in energy efficiency in operation three times better than hydrogen and six times better than synthetic fuels. If you include the energy-intensive production of batteries, they are still about twice as efficient as other types of drives. This applies both to the use in our two-door sports car as well as sporty sedans and our SUV,” he said.
Porsche is yet to unveil the final production design of the Taycan, though expectations are high that the release version of the electric vehicle would closely resemble the stunning Mission E sedan concept car that debuted at the 2015 Frankfurt Motor Show. Production of the Taycan is expected to begin sometime in 2019 at a facility located at Zuffenhausen, a suburb in Stuttgart, Germany — the same factory where the company manufactures the Porsche 911. The Mission E Cross Turismo, an off-road-capable version of the Taycan, is expected to begin production in 2020.
The Porsche Taycan will not have an engine, but the company notes that the vehicle will have the ever-present “soul” found in all of its cars. Expected to compete with the Tesla Model S, the Taycan is features the legacy carmaker’s trademark performance, with the vehicle being listed with a 0-60 mph time of 3.5 seconds, a range of 310 miles per charge, and a top speed of 155 mph.
Tesla (NASDAQ: TSLA) reported its earnings for the first quarter of 2026 on Wednesday afternoon. Here’s what the company reported compared to what Wall Street analysts expected.
The earnings results come after Tesla reported a massive beat on vehicle deliveries for the second quarter, delivering 489,126 vehicles and building 451,758 cars during the three-month span.
This was a major shock for those on Wall Street as they anticipated somewhere around 400,000 deliveries for the quarter, and showed Tesla still has plenty of demand for its vehicles around the world and in the U.S. despite losing the $7,500 EV Tax Credit last year.
Tesla Q2 2026 Earnings Results
- Non-GAAP EPS – $0.33 reported vs. $0.53 expected
- Revenues – $28.236 billion reported vs. $26.4 billion expected
- Free Cash Flow- -$1.092B
- Profit -$ 4.751B
Tesla (beat/missed) analyst expectations, so the market response to the company’s quarter is what we will look for next.
Tesla shares closed today down just over 1 percent, trading at $374.01.
In the past, it has been anyone’s guess with what Tesla shares will do after they report earnings. Strong quarters have resulted in sharp drops, while lackluster quarters have seen the stock shoot up considerably.
Tesla will hold its Q2 2026 Earnings Call in about 90 minutes at 5:30 p.m. on the East Coast. Remarks will be made by CEO Elon Musk and other executives, who will shed some light on the investor questions that we covered earlier this week.
You can stream it below. Additionally, we will be doing our Live Blog on X and Facebook.
Q2 2026 Earnings Call https://t.co/zZS6ii2TWK
— Tesla (@Tesla) July 22, 2026
Tesla is about to make parking in busy parking lots at businesses and other points of interest less stressful than ever by allowing drivers more control over where they park and how, CEO Elon Musk confirmed on X.
Tesla has been working to improve the parking performance of vehicles utilizing the Full Self-Driving suite, but now it is looking to add more customization, allowing drivers to choose the specific space they park in, but also potentially the orientation the car pulls into the spot:
It’s coming soon
— Elon Musk (@elonmusk) July 21, 2026
Musk has reiterated on X twice over the past several weeks that Tesla is working to make things with the FSD suite based more on the driver’s specific preferences and behaviors that were seen in past drives.
Essentially, it sounds like if you tend to park away from a business to avoid other vehicles, Tesla FSD will soon recognize that preference of yours and start parking further away as well. Additionally, the prospect of assigned parking spaces has been something many owners have voiced concerns about.
Living in a community with assigned parking spaces makes using FSD incredibly difficult as it will rarely park in the correct spot when there are so many to choose from. This is also pertinent in work settings where there are sometimes assigned parking spaces.
The updates to Tesla’s Full Self-Driving suite in terms of listening to driver preferences with parking are also extending to routing. Tesla announced yesterday that with the release of its 2026 Summer Update, it was adding Automatic Navigation and Preferred Routes:
Tesla reveals 2026 Summer Update with crazy fixes to Nav and more
Tesla has always maintained the idea that any human input is bad input, and that, ideally, Tesla Full Self-Driving will always make the right decision. Of course, this is all in theory, but the issue is that so many of Tesla’s interventions have come because it does something that is not necessarily wrong, but perhaps not what the driver would prefer.
Taking these preferences into account will help Tesla alleviate some of the potentially unnecessary interventions that drivers perform.
Tesla is starting to prepare for the launch of the Optimus robot in its smartphone app, new coding strings show. Elon Musk has referred to Optimus as what will be the greatest-selling product of any kind of all time, and now, Tesla is getting ready for its launch.
Tesla’s smartphone app had several first-time mentions of the Optimus program, according to Tesla App Updates, who intially reported on the appearance. Here’s what they found:
A Dedicated “Robot” Phone Key Authentication
Tesla is working on a Bluetooth Low Energy, or BLE, authentication that is specifically for robots. This does not only apply to Optimus, though, as Robotaxi, which is Tesla’s autonomous ride-hailing platform, might also identify vehicles within the fleet as robots as well.
Tesla shows rapid teardown of Model S and X lines, paving the way for Optimus at Fremont
Essentially, pairing your phone as a key to anything Tesla identifies as a robot to a “whitelist” of authorized devices. Optimus, Robotaxi, or other products that fall into this category will only respond if the device trying to communicate with it is authorized.
This is a great security feature that will eliminate at least face-value and low-level threats.
Home Data Collection and System Alerts
This appears to be somewhat of a neural network for Optimus within your house. There will be a dedicated screen that asks for consent to collect both video and spatial data while Optimus performs in-home tasks. Everything from vacuuming, washing dishes, dusting, and other activities will be tracked.
There will also be a comprehensive alert system that will track everything from low battery to mechanical issues.
Other Changes
Most of the changes tracked in this particular app update are related to Tesla’s 2026 Summer Update, and include things such as image assets for new features, a preview of the new custom wraps feature, and other unique features.
You can check out our coverage on what is included with the 2026 Summer Update here:
Tesla reveals 2026 Summer Update with crazy fixes to Nav and more
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla is about to make parking in busy lots less stressful than ever
