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Porsche releases Taycan Cross Turismo production details, latest teasers for Taycan sedan
During Porsche’s annual press conference in Stuttgart last week, the company provided new details about the Taycan Cross Turismo, the Taycan sedan’s (formerly the Mission E concept car) more rugged sibling. The automaker noted that the Cross Turismo had been cleared for production next year, with the vehicle set to be produced alongside Taycan sedan in the company’s Zuffenhausen site.
The Taycan Cross Turismo is a valuable step forward for the automaker, which is currently pushing a shift towards the electrification of its fleet. The company expects to hire an additional 1,500 new employees for the launch of the Taycan sedan and the Taycan Cross Turismo, and it is also aiming to expand its electric lineup in the coming years. This initiative will continue with the EV version of its best-selling Macan SUV, which will be produced on Porsche’s Leipzig plant and built under parent company Volkswagen’s Premium Platform Electric (PPE) platform, which was co-developed by Porsche and Audi for larger vehicles.
The Porsche Taycan Cross Turismo prototype winter testing. (Photo: Tye/TaycanForum.com) 
Despite the Cross Turismo and the upcoming Macan EV both taking aim at the adventure/lifestyle market, Porsche board member in charge of sales and marketing Detlev von Platen noted during an interview with CNET Roadshow after the annual press conference that the two vehicles will not overlap. “The Cross Turismo concept is basically a more lifestyle-ish interpretation of the Taycan. It’s not directly targeting the SUV market,” he said.
Amidst the news of the Cross Turismo’s production, Porsche has also released a new batch of teaser photos for the Taycan sedan, which is expected to be released later this year. This time around, it is not the Mission E concept car that the company is showcasing. Instead, the German carmaker is featuring what appears to be a production-ready version of the vehicle, or at least something close to it.
(Photo: Porsche GB/Twitter) 
(Photo: Porsche GB/Twitter) 
(Photo: Porsche GB/Twitter)
The images, which were released by Porsche, showcase a vehicle covered in some colorful camouflage. Small details of the car are a bit hard to make out due to its wrap, but the words “#SoulElectrified” and “Taycan” give the vehicle away. Based on the general appearance of the camouflaged car, it appears that the Taycan will be somewhat close to the design of the refined test mules that have been spotted winter testing as of late.
(Photo: Porsche GB/Twitter) 
(Photo: Porsche GB/Twitter) 
(Photo: Porsche GB/Twitter) 
(Photo: Porsche GB/Twitter)
Similar to Porsche’s recent prototypes, the Taycan in the new teaser photos sports a headlight design that follows the theme of the current 718 Cayman and Boxster sports cars, both of which sport four LED daytime running lights. A full-width light bar at the rear is also present, invoking a design element from the company’s flagship vehicle, the new Porsche 911. These flourishes do not mean that the stunning lines of the Mission E concept are gone, as elements from the futuristic sedan such as its low nose and rakish roofline remain.
The Porsche Taycan is expected to be released this coming September. The company notes that the sedan will be capable of sprinting from 0-60 mph in under 3.5 seconds, while having a range of over 300 miles on one charge. The Taycan is also designed to be charged at 350 kW, allowing owners of the car to replenish over 60 miles of range in just 4 minutes.
Tesla stock (NASDAQ: TSLA) closed at an all-time high on Tuesday, jumping over 3 percent during the day and finishing at $489.88.
The price beats the previous record close, which was $479.86.
Shares have had a crazy year, dipping more than 40 percent from the start of the year. The stock then started to recover once again around late April, when its price started to climb back up from the low $200 level.
This week, Tesla started to climb toward its highest levels ever, as it was revealed on Sunday that the company was testing driverless Robotaxis in Austin. The spike in value pushed the company’s valuation to $1.63 trillion.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
It is the seventh-most valuable company on the market currently, trailing Nvidia, Apple, Alphabet (Google), Microsoft, Amazon, and Meta.
Shares closed up $14.57 today, up over 3 percent.
The stock has gone through a lot this year, as previously mentioned. Shares tumbled in Q1 due to CEO Elon Musk’s involvement with the Department of Government Efficiency (DOGE), which pulled his attention away from his companies and left a major overhang on their valuations.
However, things started to rebound halfway through the year, and as the government started to phase out the $7,500 tax credit, demand spiked as consumers tried to take advantage of it.
Q3 deliveries were the highest in company history, and Tesla responded to the loss of the tax credit with the launch of the Model 3 and Model Y Standard.
Additionally, analysts have announced high expectations this week for the company on Wall Street as Robotaxi continues to be the focus. With autonomy within Tesla’s sights, things are moving in the direction of Robotaxi being a major catalyst for growth on the Street in the coming year.
Elon Musk
Tesla needs to come through on this one Robotaxi metric, analyst says
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Tesla needs to come through on this one Robotaxi metric, Mark Delaney of Goldman Sachs says.
Tesla is in the process of rolling out its Robotaxi platform to areas outside of Austin and the California Bay Area. It has plans to launch in five additional cities, including Houston, Dallas, Miami, Las Vegas, and Phoenix.
However, the company’s expansion is not what the focus needs to be, according to Delaney. It’s the speed of deployment.
The analyst said:
“We think the key focus from here will be how fast Tesla can scale driverless operations (including if Tesla’s approach to software/hardware allows it to scale significantly faster than competitors, as the company has argued), and on profitability.”
Profitability will come as the Robotaxi fleet expands. Making that money will be dependent on when Tesla can initiate rides in more areas, giving more customers access to the program.
There are some additional things that the company needs to make happen ahead of the major Robotaxi expansion, one of those things is launching driverless rides in Austin, the first city in which it launched the program.
This week, Tesla started testing driverless Robotaxi rides in Austin, as two different Model Y units were spotted with no occupants, a huge step in the company’s plans for the ride-sharing platform.
Tesla Robotaxi goes driverless as Musk confirms Safety Monitor removal testing
CEO Elon Musk has been hoping to remove Safety Monitors from Robotaxis in Austin for several months, first mentioning the plan to have them out by the end of 2025 in September. He confirmed on Sunday that Tesla had officially removed vehicle occupants and started testing truly unsupervised rides.
Although Safety Monitors in Austin have been sitting in the passenger’s seat, they have still had the ability to override things in case of an emergency. After all, the ultimate goal was safety and avoiding any accidents or injuries.
Goldman Sachs reiterated its ‘Neutral’ rating and its $400 price target. Delaney said, “Tesla is making progress with its autonomous technology,” and recent developments make it evident that this is true.
Investor's Corner
Tesla gets bold Robotaxi prediction from Wall Street firm
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Tesla (NASDAQ: TSLA) received a bold Robotaxi prediction from Morgan Stanley, which anticipates a dramatic increase in the size of the company’s autonomous ride-hailing suite in the coming years.
Last week, Andrew Percoco took over Tesla analysis for Morgan Stanley from Adam Jonas, who covered the stock for years. Percoco seems to be less optimistic and bullish on Tesla shares, while still being fair and balanced in his analysis.
Percoco dug into the Robotaxi fleet and its expansion in the coming years in his latest note, released on Tuesday. The firm expects Tesla to increase the Robotaxi fleet size to 1,000 vehicles in 2026. However, that’s small-scale compared to what they expect from Tesla in a decade.
Tesla expands Robotaxi app access once again, this time on a global scale
By 2035, Morgan Stanley believes there will be one million Robotaxis on the road across multiple cities, a major jump and a considerable fleet size. We assume this means the fleet of vehicles Tesla will operate internally, and not including passenger-owned vehicles that could be added through software updates.
He also listed three specific catalysts that investors should pay attention to, as these will represent the company being on track to achieve its Robotaxi dreams:
- Opening Robotaxi to the public without a Safety Monitor. Timing is unclear, but it appears that Tesla is getting closer by the day.
- Improvement in safety metrics without the Safety Monitor. Tesla’s ability to improve its safety metrics as it scales miles driven without the Safety Monitor is imperative as it looks to scale in new states and cities in 2026.
- Cybercab start of production, targeted for April 2026. Tesla’s Cybercab is a purpose-built vehicle (no steering wheel or pedals, only two seats) that is expected to be produced through its state-of-the-art unboxed manufacturing process, offering further cost reductions and thus accelerating adoption over time.
Robotaxi stands to be one of Tesla’s most significant revenue contributors, especially as the company plans to continue expanding its ride-hailing service across the world in the coming years.
Its current deployment strategy is controlled and conservative to avoid any drastic and potentially program-ruining incidents.
So far, the program, which is active in Austin and the California Bay Area, has been widely successful.
Tesla stock closes at all-time high on heels of Robotaxi progress
Tesla needs to come through on this one Robotaxi metric, analyst says
