News
First reviews of Porsche Mission E Cross Turismo are in, and they are glowing
Porsche recently offered auto reviewers a chance to experience its latest all-electric vehicle, the Mission E Cross Turismo concept, firsthand. As could be seen in the initial reactions to the vehicle’s design and performance, Porsche’s off-road-capable, shooting brake-esque variant of the original Mission E sedan would likely be a strong contender in the electric car market.
The Mission E Cross Turismo concept, just like its Tesla Model S-rivaling sedan counterpart, features a highly aerodynamic design. Featuring generous vents on the side, a shape that optimizes airflow around the vehicle, and design elements such as Model S-esque pop-up door handles, the Mission E Cross Turismo was created with form and function in mind. Sitting on treaded General Grabber AT275/40R-20 tires, the Cross Turismo concept also adopts an aggressive stance.
Reviewers of the Mission E Cross Turismo gave the electric vehicle much praise, mainly due to its performance, which is unanimously dubbed as true to the car’s badge. Car and Driver, for one, lauded the Cross Turismo for its capability to sprint from 0-62 mph in 3.5 seconds, its electric motors that generate 600 hp, and its 90 kWh battery that gives a range of 310 miles. The Mission E Cross Turismo’s compatibility with the 350 kW IONITY network, which is capable of recharging 250 miles of range in just 15 minutes, was also mentioned as a strong point for the upcoming car.
The Porsche Mission E Cross Turismo concept. [Credit: Porsche]
The Mission E Cross Turismo is equipped with several fancy bells and whistles as well, including a drone that can take aerial videos of the electric car in action. Considering that the Mission E Cross Turismo is designed to be a vehicle that can perform equally well on and off-road, reviewers of the electric car lauded its adaptive air-spring suspension, which allows the car to raise or lower its ride height as necessary.
Inside the car itself, reviewers took particular notice to the vehicle’s rather sparse but classy interior, from its generous binnacle in front of the steering wheel to its touch panel on the passenger side. Though not as radically minimalistic as the Tesla Model 3, the Cross Turismo concept’s dashboard was found to be a departure from Porsche’s tendency to place a generous number of knobs and switches in its vehicles.
CNET Roadshow‘s Tim Stevens, one the reviewers who was given the opportunity to drive the Cross Turismo concept, ultimately stated that considering its design, features, and driving performance, the upcoming vehicle could very well make a significant impact in the electric car industry.
“The global electric car market is still quite young, and while companies like Tesla have done a great job building the stage, I can’t help but think that when the Mission E hits the market next year, it’s gonna steal the show.”
Ultimately, the Porsche Mission E Cross Turismo looks like a solid contender in the electric car market. When it starts production early next decade, vehicles such as the Tesla Model Y would likely find some competition from the electric off-roader. Porsche’s all-electric line stands to make an impact as early as next year, however, as the Mission E sedan is set to start production in 2019, followed by the Cross Turismo in 2020. Pricing for the Mission E sedan and the Cross Turismo have not been revealed by the German carmaker, though expectations are high that the latter’s cost would be in the same ballpark as the Panamera S E-Hybrid.
As Porche prepares to launch its first all-electric vehicle, the German legacy automaker is starting to increase its marketing efforts for the upcoming car. Just recently, a Mission E prototype was driven around the track by former Formula One driver Mark Webber, who noted that the sedan had similarities as the Porsche 919 Hybrid, a high-performance vehicle he drove for the company in competitions such as the 24 Hours of Le Mans.
The Mission E sedan’s concept version, which debuted at the 2015 Frankfurt Motor Show, was also taken for a spin by Maroon 5 frontman Adam Levine in a recent ad for the vehicle. In the United States, Porsche Cars North America has revealed that that it is building a network of 500 fast chargers to support the Mission E sedan’s rollout next year.
Watch Tim Stevens of CNET Roadshow take the Mission E for a test drive in the video below.
Elon Musk
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
SpaceX priced its historic IPO at $135 per share today, raising a record $75 billion.
SpaceX officially priced its initial public offering at $135 per share, offering 555,555,555 shares of Class A common stock and raising $75 billion in what is the largest IPO in stock market history. Shares are set to begin trading on the Nasdaq Global Select Market on Friday, June 12, under the ticker symbol SPCX. The previous record holder was Saudi Aramco’s 2019 offering at $29 billion, followed by Alibaba’s $22 billion offering in 2014.
At $135 per share and roughly 555.6 million shares, the implied valuation sits near $1.75 trillion, which would make SpaceX roughly the seventh largest company in the United States, just above Tesla’s current market cap. Regular investors can request shares at the IPO price through Robinhood, Fidelity, Charles Schwab, SoFi, and E*TRADE, though the deal is heavily oversubscribed and most retail allocations will be partial or unfilled. Once trading opens June 12, anyone with a brokerage account can buy SPCX on the open market.
SpaceX’s amended S-1 is sparking a major Tesla merger conversation
The valuation is anchored primarily by Starlink. Starlink crossed 10 million subscribers as of February 2026 and is adding 750,000 to 1.5 million new users per month, with the connectivity segment already posting a $1.19 billion profit last quarter. The offering also bundles in xAI following SpaceX’s all-stock merger earlier this year, adding Grok and the Colossus supercomputer to the investment thesis. As Teslarati reported, Starlink ended 2025 with $10 billion in revenue, a figure analysts project could reach $24 billion by end of 2026.
Wedbush analyst Dan Ives has been vocal in his support. “I think the time is right,” Ives said, adding that the offering expands the Elon Musk ecosystem rather than competing with Tesla. An average 12-month price target of $165 per share represents roughly 22% upside from the IPO price. Not everyone agrees – Motley Fool noted xAI is spending $1 billion per month playing catch-up to OpenAI and Anthropic.
Musk founded SpaceX in 2002 with a single stated purpose. “Elon founded SpaceX with a goal to change humanity, to make us a multi-planet species,” CFO Bret Johnsen said in the company’s retail roadshow video this week. Musk himself has been more direct: “We are building the systems and technologies necessary to provide global connectivity on Earth and beyond, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
Investor's Corner
Tesla unfolded its first European “folding Supercharger”
Tesla’s folding Supercharger just arrived in Europe and it changes how fast charging expands.
Tesla’s Folding Unit Supercharger has officially landed in Europe, with the company teasing a new installation in its effort for a broader rollout targeting major motorway rest stops across the European continent in Q3 2026. The arrival marks a notable shift in how Tesla is thinking about network expansion, moving from hardware performance alone to engineering the logistics chain itself.
While Tesla did not reveal the exact location for the new folding Supercharger in Europe, the photo shared on X heavily suggests that this maybe somewhere in Norway. Historically, whenever Tesla rolls out an entirely new infrastructure architecture in Europe, whether it was the original Supercharger stalls years ago or these brand-new modular V4 “Folding Units”, Norway is almost always the designated launch pad because of its unmatched EV adoption rate and supportive infrastructure
The Folding Unit, introduced in March 2026, is a factory pre-assembled V4 charging station built on an industrial hinge system mounted to a heavy-duty concrete base. The entire assembly arrives on site ready to unfold and connect. Tesla confirmed the units feature telescopic light poles specifically designed for easy transportation and fast on-site deployment, a detail that signals how carefully the logistics chain has been engineered alongside the hardware itself. The design allows 33% more stalls per delivery truck, cuts installation time roughly in half, and reduces overall deployment costs by more than 20% compared to traditional installations.
Tesla’s newest “Folding V4 Superchargers” are key to its most aggressive expansion yet
Tesla also noted telescopic light poles which provide benefits over traditional Supercharger installations that require fixed-height poles that are awkward to ship, slow to position on site, and often require separate crews and equipment to erect before charging hardware can even be staged. By engineering poles that compress for transit and extend on arrival, Tesla has removed one of the quieter bottlenecks in the physical deployment process. Every hour saved on a light pole installation is an hour redirected toward getting stalls energized. At scale, across dozens of new sites per quarter, those hours add up to a meaningful acceleration in how quickly a location goes from approved permit to serving its first customer.
Each Folding Unit pairs a single V4 power cabinet with eight charging posts. The V4 cabinet delivers up to 500 kW per stall for passenger vehicles and up to 1.2 MW for the Tesla Semi, supporting twice the stalls per cabinet at three times the power density of its predecessor. Longer cables make every new station immediately usable by non-Tesla vehicles, a priority as Tesla continues opening its network to Ford, GM, Rivian, Hyundai, Stellantis, and others.
As Teslarati reported when the Folding Unit was first unveiled, Tesla’s Gigafactory New York produced its final V3 Supercharger cabinet in March 2026 after more than seven years and 15,000 units, completing a full pivot to V4 production. The European arrival of the folding design is the next chapter in that transition.
Faster and cheaper deployment means Tesla can justify building in markets and corridors that were previously too expensive to serve, filling the coverage gaps that have slowed EV adoption outside major urban centers.
First Folding Unit Superchargers in Europe 🇪🇺 https://t.co/KNfYWJukkL pic.twitter.com/YR1udIpH1i
— Tesla Charging (@TeslaCharging) June 10, 2026
Tesla has stunned by gaining yet another approval for its Full Self-Driving suite in Europe, its second in two days and its fifth overall.
Belgium will be the latest country to allow Tesla owners to utilize FSD on public roads in Europe, joining a quickly growing list that started with the Netherlands, Lithuania, and Estonia.
On Tuesday, Denmark announced its approval of the FSD suite, which has now been followed by Belgium just one day later.
The country’s Minister of Mobility, Annick De Ridder, announced the approval on her X account, stating that she had just signed the approval of Tesla FSD. It now goes to the country’s homologation department for the last step of the approval process.
De @Tesla community houdt hier al geruime tijd de vinger aan de pols over de toelating voor de FSD-technologie op onze Vlaamse en Belgische wegen.
Uit waardering voor jullie niet-aflatende interesse (en aanmoediging 😉), krijgen jullie hierbij de primeur: ik heb net de toelating… pic.twitter.com/Yrps4OHTj8— Annick De Ridder (@AnnickDeRidder) June 10, 2026
The Belgian approval is one of mighty importance because it truly shows how quickly countries in Europe could greenlight the FSD suite consecutively. Approvals are already coming in relatively quickly, which is a great sign.
Perhaps the next big development that could come from FSD approvals in Europe is an approval from a country like England, Italy, France, Spain, or Germany. It would be something to see how FSD would perform in a major European metro, such as London, Barcelona, Madrid, Paris, Rome, or Berlin.
Getting Full Self-Driving in Spain and England will be such huge milestones for Tesla. I am so excited to see how FSD performs in Madrid, Barcelona, and London, specifically.
The ultimate test will always be Mumbai or New Delhi. Excited for India’s eventual approval! https://t.co/paw9Ch1qmL pic.twitter.com/9RdDERVSSJ
— TESLARATI (@Teslarati) June 9, 2026
Full Self-Driving does an excellent job of roaming around major U.S. cities like New York and Los Angeles, but other high-profile international cities of significance would truly mark a line in the sand for Tesla, which can simply enable any vehicle in its customer-owned fleet to run FSD with the correct approvals.
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
Tesla unfolded its first European “folding Supercharger”
