News
Porsche flexes e-Motorsport prowess with GT4 ‘ePerfomance’
Porsche has shown off its electric GT4 ePerformance racecar at an ice track race in Sweden.
As a leader in vehicles that put a smile on your face, Porsche is under distinct pressure to bring that same excitement and joy to the EV transition, and it’s clear that it intends to do just that. First shown at the Goodwood Festival of Speed last year, the Porsche GT4 ePerformance has made another debut, this time at an ice track race in Northern Sweden.
At the Race of Champions event in Northern Sweden, Porsche got the opportunity to show off its GT4 ePerformance project, a car that is set to define the future of electric motorsports.
The Porsche GT4 ePerformance is a serious racecar, no question about it. Fitted with carbon fiber body panels, the tried and true aerodynamics of Porsche’s fastest racecars, and a stripped interior, it is the real deal and has the performance to back it up.
The full specifications of the vehicle are not yet known, but a surprising amount of information has been revealed over the past year. First of all, the ePerformance is designed to last a minimum of 30 minutes on the racetrack, what Porsche says is the equivalent of 1 Porsche Carera Cup race, allowing drivers to push the car to its absolute limit without the worry of a dead battery mid-race.
Second, the drivetrain, likely using a dual or tri-motor system, produces similarly insane power as its gas counterparts. It packs 603 horsepower for its 30-minute race setting or up to 1088 horsepower peak. But perhaps even more surprising is the car’s incredibly quick charging. According to Porsche engineers, the vehicle can charge from 5 to 8 percent in as little as 15 minutes thanks to its 900-volt architecture.
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While Porsche did not provide a statement on the vehicle or today’s race for that matter, Porsche’s Project Manager of Sales Oliver Schwab told Teslarati:
“The 718 Cayman GT4 ePerformance blazes a trail to Porsche customer racing with electrically-powered racing cars. As a first step, we will unveil this concept to our global partners. With drivers, teams, organizers, authorities, and other interested parties, we’re also gathering ideas for Porsche racing formats in the future.”
To show off this incredible power, Porsche chose the ideal venue. For those unfamiliar, the “Race of Champions” (ROC) is a series of races that take place around the globe, forcing the best drivers on the planet to face off; on the same track, same car, and same day. This event includes participants such as four-time F1 Champion Sebastian Vettel, six-time American rally champion Travis Pastrana, ten-time F1 Champion Valtteri Botas, nine-time 24 Hour of LeMans winner Tom Kristenson, need I say more.
But merely coming to the event was not nearly enough for the thrill junkies from Stuttgart. The GT4 ePerformance was fitted with spiked tires and one of the largest wings I have ever seen mounted on a Porsche vehicle, allowing the car to rip and jump through the icy course with ease.
If this is the future of motorsport, I want it.
And thankfully, I (and many others) won’t have to wait much longer. While unconfirmed by Porsche, the high-performance electric 911 could very well make its production debut following the introduction of the company’s newest EV platform, PPE. And with the numerous benefits to handling, power efficiency, and weight reduction, the car could be a rocket ship.
According to a Porsche press release from late last year, the GT4 ePerformance will be headed to North America for the first half of this year, making a tour throughout the continent to show potential customers the incredible future of electric Porsche racing, and will ultimately end up in Asia after completing its grand tour.
Porsche has shown in today’s video that motorsports are here to stay and may flourish with the upcoming EV transition. With such a noble goal, who could oppose them? Who knows, with the dedication to its electric performance vehicle offerings, it might just be enough to drag a certain American EV maker to the same market. And if this product is a showing of Porsche’s future products, such a competitor might finally have something to worry about.
What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com. You can also reach me on Twitter @WilliamWritin. If you have news tips, email us at tips@teslarati.com!
Tesla CEO Elon Musk posted a photo of himself standing with the Optimus production team inside Tesla’s Fremont factory, arms crossed amid workers in hard hats and safety vests. The image captures a pivotal industrial shift: the same facility space once dedicated to building Tesla’s flagship Model S sedan and Model X SUV is now home to the company’s humanoid robot manufacturing line.
Walking the Optimus production line in Fremont pic.twitter.com/ABS0tuRibW
— Elon Musk (@elonmusk) July 1, 2026
Tesla’s Fremont Factory, acquired in 2010 from the former NUMMI joint venture between Toyota and GM, has been the company’s original U.S. manufacturing hub since Model S production began in 2012.
The Model X followed soon thereafter. These premium vehicles offered lower annual volumes, recently around 30,000 combined, compared to the high-volume Model 3 and Model Y lines that continue around the site. Over their combined run, the S and X accounted for roughly 610,000 units.
In late January 2026, during Tesla’s Q4 2025 earnings call, Elon Musk announced the end of Model S and Model X production in Q2 2026. The final vehicles rolled off the line in early May. Rather than retooling for another vehicle, Tesla chose to convert the dedicated S/X assembly area into a dedicated Optimus Gen 3 production line.
Model 3 and Y manufacturing remains unaffected. Tesla’s official Fremont Factory page now lists Optimus alongside the 3 and Y as core products.
The conversion was executed with remarkable speed. After production stopped, crews dismantled the existing vehicle line and installed entirely new modular equipment—including lines sourced from Germany and dozens of sub-lines for actuators, batteries, and other components—in roughly four months.
Musk described the timeline as “insanely fast,” noting it would be unprecedented for any other manufacturer. Initial Optimus output is expected to ramp slowly due to the robot’s roughly 10,000 unique parts and the brand-new production processes involved. The Fremont line targets an eventual capacity of 1 million Optimus units per year.
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Optimus Development Timeline
- August 19, 2021: Optimus (then called Tesla Bot) formally announced at Tesla’s first AI Day. A concept video showed a person in a suit demonstrating the vision for a general-purpose humanoid capable of dangerous, repetitive, or boring tasks using the same AI architecture as Full Self-Driving.
- 2022: Early prototypes displayed. At the second AI Day in September, semi-functional units demonstrated walking across a stage and basic arm movements
- 2023: September videos showed improved capabilities, including sorting colored blocks, precise limb awareness, and holding a Yoda pose.
- 2024-early 2025: Factory integration videos showed Optimus navigating workspaces and handling objects like battery cells.
- January 2026: Gen 3 mass-production activities began at Fremont, with reports of over 1,000 Gen 3 units already operating inside the factory for real-world learning and AI training
- April 2026: Musk confirms Optimus production on converted Fremont line would begin in late July or August 2026. The Gen 3 reveal, originally eyed for Q1, was pushed closer to production start. A second, much larger Optimus factory at Giga Texas is under construction, with volume production targeted for Summer 2027 and long-term capacity of 10 million units annually
- July 1, 2026: Musk’s on-site visit and team photo confirm the Optimus line is operational and the transition is actively progressing
Tesla positions Optimus as potentially its largest project ever, leveraging vertical integration, AI expertise, and car-like manufacturing know-how to scale humanoid robots first for its own factories and later for broader industrial and consumer use.
The Fremont conversion serves as a critical proving ground for this ambitious new chapter in Tesla’s already-rich history.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla Optimus project fires up as Musk sees production line progress
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
