Just months before its production version is unveiled, the Porsche Taycan is entering its final testing phase. Spanning multiple countries and involving various driving conditions, the experienced carmaker is ensuring that its first all-electric car is tempered on the road just as much as its gas-powered peers.
Porsche engineers are currently taking advantage of the summer in the Southern Hemisphere to test the Taycan’s driving dynamics in warm temperatures. At the same time, teams from the company are also testing the vehicle in Scandinavia, just a few miles away from the Arctic Circle, to evaluate the electric car’s performance in frigid temperatures. Porsche notes that the Taycan’s testing spans 30 countries, in temperatures that range from -35 to 50 degree Celcius (-31F to 122F).
Head of BEV at Porsche Stefan Weckbach mentions in a press release that the real world tests are being conducted after the vehicles passed through millions of miles in simulations. By the end of the Taycan’s testing phase, the vehicles are expected to cover millions of real-world miles.
“After carrying out computer simulations and comprehensive bench tests early on, we have now reached the final phase of this demanding testing programme. Before the Taycan is launched on the market at the end of the year, we will have covered approximately six million kilometers across the globe. We are already very happy with the current status of the vehicles. The Taycan is going to be a true Porsche,” he said.
It’s not just the Taycan’s driving dynamics that are being evaluated in the vehicle’s final testing phase. The Taycan’s batteries, which use the company’s 800-volt architecture and LG’s pouch cells, are also being tested intensively. Over the final testing phase, Porsche estimates that the Taycan should go through over 100,000 charging cycles using various charging solutions that are compatible with the electric vehicle.
The Porsche Taycan is set to be revealed this coming September. Being the company’s first all-electric car, the Taycan is incredibly vital for the carmaker. To prepare for its production, Porsche is revamping its historic Zuffenhausen site, which will hold the manufacturing line for the Taycan and later, its derivative, the Taycan Cross Turismo. Highlighting the importance of the Taycan to its future, the company has decided to produce the Taycan alongside its flagship vehicle, the new Porsche 911.
Porsche initially plans to start the Taycan’s production at 20,000 units per year, though positive reception from reservation holders have encouraged the company to raise its estimates for the all-electric car’s manufacturing. The Taycan will be capable of sprinting from 0-60 mph in under 3.5 seconds and have a range of over 300 miles on one charge. The all-electric car is designed to support 350 kW charging, making it possible to replenish over 60 miles of range in just 4 minutes.
Investor's Corner
Tesla analyst says this stock concern is overblown while maintaining $400 PT
Tesla reported $2.763 billion in regulatory credit profits last year.
One Tesla analyst is saying that a major stock concern that has been discussed as the Trump administration aims to eliminate many financial crutches for EV and sustainable industries is overblown.
As the White House continues to put an emphasis on natural gas, coal, and other fossil fuels, investors are concerned that high-powered sustainability stocks like Tesla stand to take big hits over the coming years.
However, Piper Sandler analyst Alexander Potter believes it is just the opposite, as a new note to investors released on Monday says that the situation, especially regarding regulatory credits, is “not as bad as you think.”
Tesla stacked emissions credits in 2023, while others posted deficits
There have been many things during the Trump administration so far that have led some investors to consider divesting from Tesla altogether. Many people have shied away due to concerns over demand, as the $7,500 new EV tax credit and $4,000 used EV tax credit will bow out at the end of Q3.
The Trump White House could also do away with emissions credits, which aim to give automakers a threshold of emissions to encourage EV production and cleaner powertrains. Companies that cannot meet this threshold can buy credits from other companies, and Tesla has benefitted from this program immensely over the past few years.
As the Trump administration considers eliminating this program, investors are concerned that it could significantly impact Tesla’s balance sheet. Potter believes the issue is overblown:
“We frequently receive questions about Tesla’s regulatory credits, and for good reason: the company received ~$3.5B in ‘free money’ last year, representing roughly 100% of FY24 free cash flow. So it’s fair to ask: will recent regulatory changes threaten Tesla’s earnings outlook? In short, we think the answer is no, at least not in 2025. We think that while it’s true that the U.S. government is committed to rescinding financial support for the EV and battery industries, Tesla will still book around $3B in credits this year, followed by $2.3B in 2026. This latter figure represents a modest reduction vs. our previous expectation…in our view, there’s no need for drastic estimate revisions. Note that it’s difficult to forecast the financial impact of regulatory credits — even Tesla itself struggles with this — but the attached analysis represents an honest effort.”
Tesla’s regulatory credit profitability by year is:
- 2020: $1.58 billion
- 2021: $1.465 billion
- 2022: $1.776 billion
- 2023: $1.79 billion
- 2024: $2.763 billion
Potter and Piper Sandler maintained an ‘Overweight’ rating on the stock, and kept their $400 price target.
Tesla shares are trading at $329.63 at 11:39 a.m. on the East Coast.
News
Tesla rolls out update to Robotaxi service that makes pickups so much better
The update was confirmed by CEO Elon Musk in a post on social media platform X.
Tesla has rolled out a minor update to its Robotaxi service that will likely make the driverless ride-hailing system notably better and more convenient for consumers. The update was confirmed by CEO Elon Musk in a post on social media platform X.
Robotaxi service updates
The Robotaxi update was observed by users of the driverless ride-hailing service over the weekend. As observed by Tesla enthusiast Owen Sparks, the Austin Robotaxi fleet no longer strictly navigates to the pickup point listed on the app. Instead, the Robotaxis now stop in the exact location of a user’s phone.
Elon Musk confirmed the update, noting in a post on X that the change was an upgrade to the service. It’s a reactively minor update in the grand scheme of things, but it should make the Robotaxi service feel more organic and humanlike.
Driverless taxis
Tesla’s Robotaxi service in Austin has been receiving good reviews from users since it was launched, with many praising the vehicles for their cautious and humanlike behavior. Some users on social media even noted that Tesla’s Robotaxis feel safer on the road than cars from services like Uber, which are manually driven.
Tesla’s minor updates to its Robotaxi service are expected to make the customer experience of the driverless ride-hailing service more refined. By doing so, Tesla could ease customers into its service, even if only a fraction of ride-hailing users are familiar with fully autonomous cars. With this in mind, even small updates like picking up customers based on their specific phone location will likely go a long way towards making Tesla’s Robotaxis more accepted by the general public.
News
Tesla sells 3 million Model 3 since 2017, one in every 1.5 minutes
This translates to one Model 3 being sold every 1.5 minutes on average for the past eight years.
Tesla has announced that the Model 3 sedan has sold 3 million units since it started customer deliveries in 2017. As per the electric vehicle maker, this translates to one Model 3 being sold every 1.5 minutes on average for the past eight years.
Massive Milestone
Tesla China VP Grace Tao announced the Model 3’s milestone on Weibo, highlighting that the all-electric sedan has been a tried and tested vehicle that has earned accolades throughout its tenure. She also highlighted that in a recent test, Car and Driver gave the Model 3 a perfect score.
“Model 3 has become the choice of more than 3 million car owners worldwide, and has won the global pure electric sedan sales champion for seven consecutive years,” Tao wrote in her Weibo post.
She also invited everyone to try and test drive the Model 3 sedan, so they could experience the vehicle personally. “Everyone is welcome to come to the store to test drive and experience this global car and champion car,” the Tesla executive added.
Tesla’s Mainstream Bet
There was once a time when Tesla’s future relied on the Model 3’s success. When the Model 3 was unveiled, Tesla was still gaining its footing as a premium automaker that produces the Model S and Model X. The Model 3 was the company’s first mass-market car, and it was Tesla’s first foray into serious mass production. At the time, it was no exaggeration to state that Tesla’s survival depended on the Model 3.
The Model 3’s runaway success was a victory not just for Tesla but for the overall electric vehicle sector as a whole. Because the Model 3 was simply a great car, electric or otherwise, it was able to prove that there is serious demand for reasonably-priced mass market EVs. It was also able to pave the way for the Model Y, Tesla’s mass market all-electric crossover that ultimately became the world’s best-selling car in 2023 and 2024.
Tesla analyst says this stock concern is overblown while maintaining $400 PT
Tesla rolls out update to Robotaxi service that makes pickups so much better
Tesla sells 3 million Model 3 since 2017, one in every 1.5 minutes
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