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Porsche begins to market the Taycan in dealerships through customer deposit program
The Porsche Taycan is expected to be released sometime next year, but the German legacy automaker is already starting its marketing efforts for the all-electric car. The stakes are high for the carmaker — if it can design the Taycan in such a way that it rivals the best electric vehicles on the market like the Tesla Model S, the company can establish itself as a leader in the emerging EV market. If the car comes up short of expectations, the Taycan will end up being delegated as a footnote in the list of electric cars that never reached their potential.
Porsche started accepting pre-orders for the vehicle earlier this year, though the company initially extended the offer to several selected countries such as Norway, partly due to the country’s open support for electric mobility. The pre-orders for the vehicle were extended to the United States recently as well, by means of a Deposit Option Program for customers residing in the country. Interested buyers can fill up an online form to be part of the program, after which they will be sent information and updates about the electric car from a selected Porsche dealer. An example of a pre-order form for US-based Porsche Taycan customers can be accessed here.
Porsche is yet to reveal the final production version of the Taycan. The legacy carmaker still uses the Mission E sedan concept in its promotional materials for the upcoming electric car. A number of camouflaged test mules have been made, but the test vehicles are disguised with elements that will surely not make it to the production model, such as twin exhaust pipes at the rear. Despite not revealing the car’s final production model, Porsche Managing Director Alexander Pollich announced last month that the company is seeing a strong, positive reception to the vehicle so far.
Among the legacy automakers that are currently developing an all-electric car, Porsche appears to be one of the most serious about its desire to transition into the electric mobility age. As details of the Taycan trickled out over the years, it became quite evident that the all-electric, four-door sedan would be a serious competitor to the mainstays of the EV industry like the Model S. Porsche even notes that the Taycan will have the same soul and pedigree found in its iconic gas-powered vehicles such as the Porsche 911. Former race car driver Mark Webber echoed this sentiment during a test drive of the car, stating that the Taycan handles and feels very much “like a Porsche.”
Back in 2014, Elon Musk stated that the hoped Tesla “could address the false perception that people have that an electric car had to be ugly and slow and boring like a golf cart.” Just a year after that, Porsche debuted the Mission E sedan concept car at the 2015 Frankfurt Motor Show, and it has become a poster child for Porsche’s transition to electric mobility ever since. Porsche even expanded the Mission E line earlier this year, revealing a more rugged, off-road version of the vehicle dubbed as the Mission E Cross Turismo. The company also stated that by 2025, it aims for “every second Porsche sold to have an electric drive unit,” meaning half of its offerings would be fully electric while the other half will be plug-in hybrids.
The Porsche Taycan is expected to feature the legacy carmaker’s trademark performance, with the vehicle listed with a 0-60 mph time of 3.5 seconds, a range of 310 miles per charge, and a top speed of 155 mph. The electric car is expected to be produced at a facility located at Zuffenhausen, a suburb in Stuttgart, Germany — the same factory where Porsche manufactures some of its finest vehicles like the 911, 718 Boxster, and the 718 Cayman. Porsche is expecting to manufacture 20,000 Taycans per year when it begins production.
Elon Musk
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla confirmed HW3 vehicles cannot run unsupervised FSD, replacing its free upgrade promise with a discounted trade-in.
Tesla has officially confirmed that early vehicles with its Autopilot Hardware 3 (HW3) will not be capable of unsupervised Full Self-Driving, while extending a path forward for legacy owners through a discounted trade-in program. The announcement came by way of Elon Musk in today’s Tesla Q1 2026 earnings call.
🚨 Our LIVE updates on the Tesla Earnings Call will take place here in a thread 🧵
Follow along below: pic.twitter.com/hzJeBitzJU
— TESLARATI (@Teslarati) April 22, 2026
The history here matters. HW3 launched in April 2019, and Tesla sold Full Self-Driving packages to owners on the understanding that the hardware was sufficient for full autonomy. Some owners paid between $8,000 and $15,000 for FSD during that period. For years, as FSD’s AI models grew more demanding, HW3 vehicles fell progressively further behind, eventually landing on FSD v12.6 in January 2025 while AI4 vehicles moved to v13 and then v14. When Musk acknowledged in January 2025 that HW3 simply could not reach unsupervised operation, and alluded to a difficult hardware retrofit.
The near-term offering is more concrete. Tesla’s head of Autopilot Ashok Elluswamy confirmed on today’s call that a V14-lite will be coming to HW3 vehicles in late June, bringing all the V14 features currently running on AI4 hardware. That is a meaningful software update for owners who have been frozen at v12.6 for over a year, and it represents genuine effort to keep older hardware relevant. Unsupervised FSD for vehicles is now targeted for Q4 2026 at the earliest, with Musk describing it as a gradual, geography-limited rollout.
For HW3 owners, the over-the-air V14-lite update is welcomed, and the discounted trade-in path at least acknowledges an old obligation. What happens next with the trade-in pricing will define how this chapter ultimately gets written. If Tesla prices the hardware path fairly, acknowledges what early adopters are owed, and delivers V14-lite on the June timeline it committed to today, it has a real opportunity to convert one of the longest-running sore subjects among early adopters into a loyalty story.
Elon Musk
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Tesla’s Optimus factory in Texas targets 10 million robots yearly, with 5.2 million square feet under construction.
Tesla’s Q1 2026 Update Letter, released today, confirms that first generation Optimus production lines are now well underway at its Fremont, California factory, with a pilot line targeting one million robots per year to start. Of bigger note is a shared aerial image of a large piece of land adjacent to Gigafactory Texas, that Tesla has prominently labeled “Optimus factory site preparation.”
Permit documents show Tesla is seeking to add over 5.2 million square feet of new building space to the Giga Texas North Campus by the end of 2026, at an estimated construction investment of $5 billion to $10 billion. The longer term production target for that facility is 10 million Optimus units per year. Giga Texas already sits on 2,500 acres with over 10 million square feet of existing factory floor, and the North Campus expansion is being built to support multiple projects, including the dedicated Optimus factory, the Terafab chip fabrication facility (a joint Tesla/SpaceX/xAI venture), a Cybercab test track, road infrastructure, and supporting facilities.
Credit: TESLA
Texas makes strategic sense beyond the existing infrastructure. The state’s tax structure, lower labor costs relative to California, and the proximity to Tesla’s AI training cluster Cortex 1 and 2, both located at Giga Texas and now totaling over 230,000 H100 equivalent GPUs, means the Optimus software stack and the factory producing the hardware will share the same campus. Tesla’s Q1 report also confirmed completion of the AI5 chip tape out in April, the inference processor designed specifically to power Optimus units in the field.
As Teslarati reported, the Texas facility is intended to house Optimus V4 production at full scale. Musk told the World Economic Forum in January that Tesla plans to sell Optimus to the public by end of 2027 at a price between $20,000 and $30,000, stating, “I think everyone on earth is going to have one and want one.” He has previously pegged long term demand for general purpose humanoid robots at over 20 billion units globally, citing both consumer and industrial use cases.
Tesla (NASDAQ: TSLA) reported its earnings for the first quarter of 2026 on Wednesday afternoon. Here’s what the company reported compared to what Wall Street analysts expected.
The earnings results come after Tesla reported a miss on vehicle deliveries for the first quarter, delivering 358,023 vehicles and building 408,386 cars during the three-month span.
As Tesla transitions more toward AI and sees itself as less of a car company, expectations for deliveries will begin to become less of a central point in the consensus of how the quarter is perceived.
Nevertheless, Tesla is leaning on its strong foundation as a car company to carry forward its AI ambitions. The first quarter is a good ground layer for the rest of the year.
Tesla Q1 2026 Earnings Results
Tesla’s Earnings Results are as follows:
- Non-GAAP EPS – $0.41 Reported vs. $0.36 Expected
- Revenues – $22.387 billion vs. $22.35 billion Expected
- Free Cash Flow – $1.444 billion
- Profit – $4.72 billion
Tesla beat analyst expectations, so it will be interesting to see how the stock responds. IN the past, we’ve seen Tesla beat analyst expectations considerably, followed by a sharp drop in stock price.
On the same token, we’ve seen Tesla miss and the stock price go up the following trading session.
Tesla will hold its Q1 2026 Earnings Call in about 90 minutes at 5:30 p.m. on the East Coast. Remarks will be made by CEO Elon Musk and other executives, who will shed some light on the investor questions that we covered earlier this week.
You can stream it below. Additionally, we will be doing our Live Blog on X and Facebook.
Q1 2026 Earnings Call at 4:30pm CT https://t.co/pkYIaGJ32y
— Tesla (@Tesla) April 22, 2026
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
