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Porsche’s production plans for Taycan and new 911 hint at serious electrification

(Photo: Porsche)

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In a recent interview, Porsche executive board member Albrecht Reimold hinted at the plans for the upcoming production ramp of the Taycan — the company’s first all-electric car. During the interview, the Porsche executive described how the Taycan’s production is closely related to the manufacturing of the 911, and how the company is getting one of its most iconic vehicles for electrification in the future.

Only a few of Porsche’s creations can hold a candle to the legendary 911, a premium sports car whose performance borders on the supercar level. Porsche is currently preparing its new 911, and Reimold has noted that plans are underway to prepare for the vehicle’s production. Coincidentally, the new 911 would be produced side-by-side with the upcoming Taycan. The Porsche executive further stated that the production of the two cars would have some similarities, to the point that the new 911 could actually be built in the Taycan’s manufacturing lines.

“There is some overlap of course; starting with the logistics processes, and we are also building a new paint shop that all models could be painted in. We have built lots of flexibility into production so that the 911 can also be produced in the Taycan assembly plant – though not vice versa,” he said.

During the interview, the Porsche executive was asked if the strategy for the 911 and Taycan production line was set as a precaution in case the electric car fails to succeed on the market. Reimold answered the question confidently, stating that all signs are pointing to the Taycan making a significant impact in the luxury car industry. The exec added that based on his own experience with the upcoming vehicle, he is quite optimistic about the Taycan’s chances on the market.

“Based on feedback from the market, the calculation of 20,000 Porsche Taycan models in the first year may be a rather conservative estimate. I’ve had the pleasure of driving the car myself, and I can only say it’s absolutely fantastic! Which is the response we’ve been hearing from all sides,” he said.

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Perhaps the most notable statement in the interview with the Porsche executive is about the future of the 911 as the company embraces electrification. Porsche is among the veteran carmakers that has dedicated itself to pushing electrified transportation, announcing last year that it was retiring its diesel-powered lineup of vehicles in favor of all-electric or hybrid cars. In the case of the new 911, Reimold explained that while there are no plans for an electrified version of the iconic vehicle, the company is ready to implement a hybridization strategy for the sports car.

“(Hybridization) is still a rather minor one because customers expect the 911 to be what it is. But it’s not entirely out of mind. For example, we have designed the model to enable drivetrain electrification – hybridization in other words, so we would be ready to implement a change like that,” he said.

Reimold also noted that the 911 would always be an icon for the company, despite the all-electric Taycan dominating Porsche’s headlines today. Overall, if there is anything invoked by Porsche’s plans for the 911 and the Taycan’s production, it is that the carmaker is not shying away from electrification. Building one of its most important and historic vehicles alongside its first-ever all-electric car, after all, shows a notable commitment towards electrification.

The Porsche Taycan is expected to start production sometime later this year.  The carmaker is yet to unveil the production version of the Taycan, though sightings of the company’s test mules hint at serious track performance.

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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.

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Tesla rolls out Steer-by-Wire improvements to Cybertruck

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Credit: Weibo (via YYDS on X)

Tesla is rolling out some improvements to the Steer-by-Wire system on Cybertruck, which is one of the features exclusive to the vehicle as it is not active on any other vehicle in the company’s all-electric lineup.

Steer-by-wire is a steering system that turns the direction of wheels mechanically. It differs from vehicles with typical electric power steering systems in the way that those rely on the steering wheel column to transfer steering torque to the wheels.

There are a handful of EVs that use steer-by-wire, including the Cybertruck, Hummer EV, and Silverado EV. The latter two use a traditional steering column and only have steer-by-wire on their rear wheels, so they differ from the system the Cybertruck uses.

Credit: Tesla

The system has made the massive Cybertruck have better steering, and although its size is large, it is one of the easier Tesla vehicles to steer through tight spaces — granted you have the room.

Tesla is making an improvement to the system, according to a new update that will roll out in the 2025.8.4 Software Update as the steering wheel is now going to give more realistic feedback by adapting to road surfaces, the company said (via Not a Tesla App):

“The steering wheel now gives you more realistic feedback, adapting to different road surfaces for a better driving experience.”

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This feature will work alongside another improvement as the Cybertruck’s air suspension ride height is now adjustable through the Tesla App.

Tesla Cybertruck steer-by-wire system helps avoid potential collision

The changes from the update, in terms of the more realistic feedback, will improve the overall feel of the road for drivers, making for a better driving experience.

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Rivian startup spinoff raises $105M in funding for micro EV production

Meet Also, Rivian’s micro EV spinoff, now a full-fledged startup with $105M in funding. It’s adapting Rivian’s tech for compact EVs.

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(Credit: Rivian)

Rivian’s skunkworks program has turned into a full-blown startup called Also. The new startup, which is separate from Rivian, raised $105 million from Eclipse Ventures. Also will focus on micromobility or the development of micro electric vehicles.

Also started within Rivian, aiming to figure out if the electric vehicle company’s technology could be condensed to fit smaller EVs, including vans, trucks, and SUVs. Eventually, the skunkworks program discovered it could, indeed, fit Rivian’s technology in smaller, more compact electric vehicles, but the project was bigger than Rivian.

“We’ve been taking the Rivian technology stack and adapting it to much smaller form factors and then coming up with some incredibly exciting embodiments of that technology in these very small form factors,” Rivian CEO RJ Scaringe told Reuters.

Rivian will always be part of Also. It holds a minority stake in Also and Rivian’s VP of future programs, Chris Yu, will be the startup’s president.

According to Scaringe, Also plans to debut its first vehicle designs later this year. One of the designs seems to be a bike, as Scringe described it having a seat, two wheels, and a screen with a few computers and a battery.

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Also aims to start producing its flagship product by 2026 for customers in the United States and Europe. In addition, it plans to launch consumer and commercial vehicles made for Asia and South America.

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Investor's Corner

Financial Times retracts report on Tesla’s alleged shady accounting

“Turns out FT can’t do finance,” Tesla CEO Elon Musk quipped on X.

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Credit: Tesla Asia/X

The Financial Times has issued a retraction for an article it recently published that accused the electric vehicle maker of shady accounting practices.

The FT’s retraction has been appreciated by the electric vehicle community in social media, though many highlighted the fact that the publication’s initial erroneous allegations have already been spread across numerous other media outlets.

The Allegations

In an article published on March 19, the Financial Times pointed out that if one were to compare “Tesla’s capital expenditure in the last six months of 2024 to its valuation of the assets that money was spent on,” “$1.4 billion appears to have gone astray.”

The FT article highlighted that Tesla reported spending $6.3 billion on “purchases of property and equipment excluding finance leases, net of sales” in the second half of 2024. However, in that period, the company’s property, plant, and equipment only rose by $4.9 billion. As noted by members of the r/Accounting subreddit, this appeared to be the basis of the FT‘s article, which seemed careless at best.

Unfortunately, the publication’s allegations were quickly echoed by other news outlets, many of which proceeded to accuse Tesla of implementing shady accounting practices.

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The Retraction

In its retraction, the Financial Times explained that Tesla’s payments for assets already purchased and the possible disposal of depreciated property could help explain the alleged discrepancy in the company’s numbers. With these in consideration, the publication noted that the “crack we’re left with at Tesla is now small enough — just under half a billion dollars — to be filled with some combination of foreign exchange movements, non-material asset write-offs, or the sale of machinery or equipment close to its not-fully depreciated value.”

“As we sound the Alphaville bugle while lowering this particular red flag, one unavoidable conclusion is that at a certain point it’s necessary to trust the auditor’s judgment,” the publication noted.

Tesla CEO Elon Musk has responded to the Financial Times‘ retraction, commenting, “Turns out FT can’t do finance” in a post on social media platform X.

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