Connect with us

News

Porsche Mission E pre-production pics reveal new details about Tesla rival

Published

on

Details of the pre-production variant of Porsche’s rival to the Tesla Model S, the Mission E, was recently revealed in the German carmaker’s Annual & Sustainability report for 2017. The images of the Mission E pre-production units reveal similarities and changes to the vehicle’s eye-catching concept that Porsche revealed during the 2015 Frankfurt Motor Show.

Details of the pre-production Mission E in Porsche’s recent report include the electric car’s passenger doors, which appear to have taken a step away from the concept version’s suicide doors. The pre-production design’s front, however, carries over much of the details found on the concept, including the eye-catching aerodynamic lines that bend into the car’s headlights.

The pre-production Mission E’s storage spaces were also visible in the images provided by the German legacy carmaker. Based on the photos, the frunk of the pre-production Mission E appears to be in the same ballpark as the Model 3. Thanks to its broad-hipped design, the Mission E’s rear trunk seems to have a lot of space as well. 

Also included in the report is an image of the vehicle’s charge port, which is designed to be compatible with the IONITY charging network. As we noted in a previous report, the IONITY network, which is built in collaboration by the Volkswagen Group, BMW Group, Daimler AG, and the Ford Motor Company, is designed to rival Tesla’s Supercharger network. IONITY exceeds the current output of Tesla’s 120 kW Superchargers, with an output of 350 kW. With this charging infrastructure in place, Porsche claims that the Mission E could gain 248 miles of range in as little as 15 minutes. 

According to a recent report from GearBrain, however, Porsche’s pay system for the IONITY network would be on the other side of the spectrum as Tesla’s Superchargers. Tesla’s high-powered Superchargers charge Model 3 owners every time they use the infrastructure, but owners of the Model S and Model X — the Elon Musk-led company’s flagships — can use the chargers for free.

Advertisement

In a statement to the publication, Porsche’s deputy chairman of the executive board Lutz Meschke noted that the company would bill Mission E owners for charging services from day one of ownership. The executive also noted that the rates for the IONITY network would be comparable to the prices of gasoline. The Porsche executive also downplayed the business model of Tesla’s charging infrastructure, stating that the Supercharger network “was only free for a while.”

“Yes, but it (Tesla’s Supercharger network) was only free for a while. You can not run things like this; you have to earn money from these services. We want to earn money with the new products and services,” Meschke said.

The Porsche executive’s statement about the Supercharger network’s rates is only partly true, of course, as only Model 3 owners are adopting a pay-per-use model. In a recent statement on its website announcing a price adjustment for the service, Tesla even asserted that the company is not looking to make money from the Supercharger network.

“Tesla is committed to ensuring that Supercharger will never be a profit center,” Tesla wrote.

Advertisement

Simon is an experienced automotive reporter with a passion for electric cars and clean energy. Fascinated by the world envisioned by Elon Musk, he hopes to make it to Mars (at least as a tourist) someday. For stories or tips--or even to just say a simple hello--send a message to his email, simon@teslarati.com or his handle on X, @ResidentSponge.

Advertisement
Comments

News

Morgan Stanley’s Adam Jonas dubs Tesla FSD a “game changer” after marathon drive

Jonas reported that FSD handled more than 99% of the miles.

Published

on

Credit: Tesla Europe & Middle East/X

Morgan Stanley’s analyst Adam Jonas shared a notable endorsement of Tesla’s Full Self-Driving (FSD) software after completing a 1,400-mile round trip from New York to Michigan in his Model Y. 

Jonas reported that FSD handled more than 99% of the miles, calling the system “a game changer” for long-distance driving.

Hands-free experience

Jonas drove his 2021 Tesla Model Y equipped with Hardware 3 and FSD Supervised v12.6.4, and he used the system nearly the entire trip. “Having your hands off the wheel and feet off the pedals for nearly 12 hours of driving is a real game changer that is hard to appreciate without experiencing it for yourself,” he noted.

He explained that outside of two heavy downpours, one on the Pennsylvania Turnpike and another in suburban Detroit, plus some light maneuvering in fast food parking lots, FSD handled the drive without any human intervention. “FSD made no mistakes or close calls that I recall. The system handles highways very safely and confidently. I cannot imagine buying another EV without FSD.”

Broader implications

Jonas added that he has used FSD consistently over the past 18 months, and the $8,000 he paid for the feature feels like a bargain considering the value. He also praised Tesla’s Supercharging network, which supported his trip without issue.

Advertisement

Jonas has been one of Wall Street’s most closely followed voices on Tesla, and his comments add weight to the ongoing debate about the role of autonomy in the company’s future. His current price target for Tesla stock stands at $410. During Morgan Stanley’s 13th Annual Laguna Conference, he echoed similar experiences with Tesla’s software, emphasizing that FSD “probably drove well over 99% of the miles” on his recent trips.

Continue Reading

Elon Musk

Elon Musk just bought $1 billion in Tesla stock, his biggest purchase ever

Prior to this latest move, Musk’s most recent purchase was for about 200,000 shares worth $10 million in 2020.

Published

on

Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons


Tesla (NASDAQ:TSLA) shares rose on Monday after CEO Elon Musk disclosed a rare insider purchase of company stock worth about $1 billion. 

A filing with the U.S. Securities and Exchange Commission (SEC) revealed that Musk acquired 2.57 million shares last Friday at various prices. The move represents Musk’s largest TSLA purchase ever by value, as per Verity data.

Elon Musk’s TSLA purchase

The disclosure sent Tesla shares up more than 8% in premarket trading Monday, as investors read the purchase as a notable vote of confidence, as stated in a CNBC report. Tesla stock had closed slightly lower Friday but remains more than 25% higher over the past three months. It should be noted that prior to this latest move, Musk’s most recent purchase was for about 200,000 shares worth $10 million in 2020.

Market watchers say the purchase could help shore up investor sentiment amid a volatile year for TSLA stock. Shares have faced pressure from a variety of factors, from year-over-year sales challenges due to the new Model Y changeover, political controversies tied to Musk, and reduced U.S. incentives for EVs under the Trump administration. Nevertheless, analysts such as Wedbush’s Dan Ives stated that Musk’s purchase was a “huge sign of confidence for Tesla bulls and shows Musk is doubling down on his Tesla A.I. bet.”

Tesla and Elon Musk

Musk already owns about 13% of Tesla, and his latest purchase comes as the company prepares for a key shareholder vote in November. Investors will decide whether to approve a compensation package for Musk that could ultimately be worth as much as $975 billion if ambitious market value milestones are achieved. The package has a long-term target of pushing Tesla’s market capitalization to $8.5 trillion, compared with about $1.3 trillion at Friday’s close.

Advertisement

Wall Street’s current consensus price target still implies a roughly 20% decline from current levels, though some Tesla bulls remain optimistic that the company could shift its focus toward autonomy, AI, and robotics. Musk has also asked shareholders to approve an investment into his latest venture, xAI.

Continue Reading

News

Tesla adjusts one key detail of Robotaxi operations in Austin

Published

on

Tesla is adjusting one key detail of Robotaxi operations in Austin: service hours.

Tesla’s Robotaxi platform in Austin has been active since late June and has been running smoothly since then. It has its limits, as Tesla has set hours that Robotaxis can operate, as well as a distinct Service Area, also known as a geofence, which has expanded three times already.

While the geofence is currently approximately 170 square miles in size, Tesla has recently enabled freeway drives, which also necessitated an adjustment to the company’s strategy with its “Safety Monitors.”

Tesla explains why Robotaxis now have safety monitors in the driver’s seat

Traditionally, they sit in the passenger’s seat. During highway driving, they move to the driver’s seat.

These are just a few adjustments that have been made over the past two and a half months. Now, Tesla is adjusting the service hours of Robotaxi operation in Austin, but only slightly.

Tesla will now operate its Robotaxi ride-hailing service from 6 a.m. to 2 a.m., extending the hours by two hours. It previously shut down at midnight.

Tesla has implemented a variety of safeguards to ensure riders and drivers are safe during Robotaxi rides, and they have made it a point to adjust things when they feel confident that it will not cause any issues.

Many people have been critical of Robotaxi, especially because a person sits in the front of the car.

However, an accident or some type of mistake could do more damage to the autonomous travel sector than anything else. This would not just impact Tesla, but any company operating an autonomous ride-hailing service in the country.

Continue Reading

Trending