News
Porsche Taycan gets three years free charging, 320 kW “Turbo Chargers” coming to dealer network
As Porsche prepares for the launch of its first all-electric car — the highly-anticipated Taycan — the carmaker has begun setting the stage for the vehicle’s rollout in the United States. On Monday, Porsche Cars North America, Inc. (PCNA) announced an agreement with Electrify America to provide the Taycan with three years of unlimited fast charging at public stations across the country. With this system in place, as well as Electrify America’s ongoing expansion, the Taycan would be capable of long-distance, coast-to-coast travel.
In a press release about the update, Porsche noted that the charging perk would be included in the Taycan’s selling price. Under the system, Taycan buyers would receive three years of unlimited 30-minute fast charging at Electrify America locations, which is comprised of over 300 highway stations in 42 states, on top of more than 180 sites in 17 select metro areas. The established carmaker stated that each Electrify America location would have an average of five charging stalls, while some sites would have enough support for up to 10 vehicles at once.
Apart from its deal with Electrify America, Porsche has also announced that its dealers would be installing their own fast-charge Turbo Charger kiosks for the company’s upcoming all-electric vehicle. Porsche would also be releasing products for home charging solutions. In a statement, Klaus Zellmer, President and CEO of PCNA, pointed out that this trifecta of charging systems — Electrify America’s infrastructure, Turbo Chargers in dealers, and home chargers — would ultimately free future Taycan owners from range anxiety.
“Every Porsche is a sports car with soul, and the Taycan is soul electrified. Together, Electrify America and our Porsche dealer network will provide a national infrastructure for DC fast charging that frees future Taycan owners from range anxiety. And Porsche home charging technology will turn the customer’s garage into the equivalent of a personal gas station,” the CEO said.
One thing that separates the Taycan from the conventional electric car is its capability to charge at an extremely rapid rate. Using 350 kW chargers, 800-volt technology, and the combined charging system (CCS) standard, the Taycan would be able to add more than 60 miles of range in just four minutes. That’s the fastest charging capabilities in the market today, roughly three times faster than Tesla’s expansive Supercharger Network.
To take advantage of the Taycan’s ultra-fast-charging capabilities, Electrify America’s highway stations would have a minimum of two 350 kW chargers per site, with additional stalls delivering up to 150 kW. Metro stations, on the other hand, would be capable of charging at speeds of up to 150 kW as well. Electrify America is expected to have 484 locations with 2,000 charging stalls completed or under construction by July 1, ahead of the Taycan’s release in late 2019.
While free 3-year unlimited access to Electrify America’s chargers would undoubtedly be a notable selling point for the Taycan, Porsche’s dealers across the country would also be offering their own charging perk. The automaker has noted that all 191 of its US dealers would be installing DC fast-charging stations for the upcoming vehicle, 120 of which would feature Porsche Turbo Charging — the company’s proprietary DC/CCS charging system that delivers up to 320 kW. Porsche dealers without Turbo Chargers would feature 50 kW fast chargers on site.
The Porsche Experience Center (PEC) in Atlanta, GA already hosts the company’s first Turbo Chargers. More of Porsche’s own charging stations are expected to be installed at the PEC in Los Angeles, CA in the near future.
The Porsche Taycan is the first all-electric vehicle from the automaker. In true Porsche spirit, the Taycan boasts impressive specs, from a 0-60 mph time of 3.5 seconds, a top speed of 155 mph, and a range of 310 miles per charge. The company has also noted that just like its iconic vehicles like the legendary Porsche 911, the Taycan would be at home at the racetrack being driven to its limits. As noted by a Porsche brand ambassador in an email to an auto journalist last month, the Taycan would be offered in three models — an entry-level variant, the mid-range Taycan 4S, and the range-topping Taycan Turbo, which would likely cost over $130,000 before options.
-
Note from Editor:
Last Friday, Electrify America partially shut down its charging infrastructure due to safety concerns from HUBER+SUHNER, the supplier for the network’s charging cables. A spokesperson from Porsche Cars North America tells Teslarati some details on Electrify America’s partial network shutdown:
“Electrify America notified us immediately about the partial shutdown of their charging network due to a concern with one of their liquid-cooling cable suppliers. We are confident that Electrify America and their supplier will move quickly to complete an investigation and resolve this issue well in advance of our public launch of the Porsche Taycan late this year.”
SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going.
Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the first time, more than doubling the company’s public float. Analysts and short sellers had spent weeks bracing for a flood of selling, especially after the stock fell 13 percent following its first earnings report as a public company on Tuesday. Instead, shares rose 6.1 percent Thursday to close at $114.92, and by Friday they were trading near $129, up more than another 12 percent on the day.
SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles
The setup made the outcome notable. Short interest had climbed to roughly 34 percent of the float heading into earnings, among the highest of any large cap stock, with about 95 percent of available shares to borrow already on loan. CEO Elon Musk warned short sellers twice in the weeks before the lockup, writing on X that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” then following up on the morning of earnings with “I try to warn them, but they just double down.”
When the newly unlocked shares hit the market and the selloff never showed up, some of that short position appears to have started unwinding. TipRanks reported that options activity shifted toward bullish strategies like put selling and risk reversals following the rally, with roughly $600 million in options premium trading Thursday alone. Retail buyers also stepped in during the earnings dip, according to Vanda Research.
The fundamentals behind the stock have not changed much in a week. SpaceX’s revenue nearly doubled year over year to $7.8 billion, with Starlink subscribers doubling to 12 million and the company’s AI segment growing 247 percent. What spooked investors on Tuesday was the spending side. Capital expenditures jumped to more than $18 billion for the quarter, up from $2.8 billion a year earlier, with AI investment alone rising from $749 million to $15.8 billion. Wall Street remains split on whether that spending is building infrastructure SpaceX needs or outrunning what the business can currently support, a debate Teslarati has tracked since shares first came under pressure.
None of that resolves the bigger question hanging over the stock. Thursday’s release was only the first of nine staggered lockup tranches, with roughly $800 billion worth of additional shares scheduled to become eligible through October, and Musk’s own stake stays locked until next June. If this week is any indication, the market is treating that supply as something it can absorb rather than something to fear, at least for now.
-
News
The Boring Company’s newest Vegas Station has a permit quietly waiting behind it
Sahara Las Vegas opened a new Vegas Loop station, joining an exclusive two resort transit club.
Sahara Las Vegas opened a new Vegas Loop station Thursday, giving The Boring Company’s underground transit system its northernmost stop yet on the Strip. The station sits at Sahara’s Paradise Road entrance, on the southeast corner of Las Vegas Boulevard and Sahara Avenue, and connects riders to the Las Vegas Convention Center, other Strip resorts on the network and, eventually, Harry Reid International Airport.
The addition makes Sahara the second resort, after Fontainebleau opened its own station in January, to get a stop built at street level rather than tucked into the property itself. Sahara now joins Westgate as the only two Strip resorts offering both a Vegas Loop station and a stop on the Las Vegas Monorail, giving guests two separate ways to get around without leaving the property.
The Boring Company just doubled its tunneling power in Nashville
The bigger news buried in Thursday’s announcement is what comes next. Boring Company has already secured its first permit to tunnel north of Sahara Avenue, extending the network beyond where it currently ends, even though permits to push the Loop toward downtown Las Vegas still haven’t been granted. Crews are also working on a two mile dual tunnel line running from Westgate to a planned station at 4744 Paradise Road, just north of Tropicana Avenue, that Las Vegas Convention and Visitors Authority CEO Steve Hill has said the company hopes to open in time for November’s Las Vegas Grand Prix.
Ridership has grown alongside the buildout. The Loop moved roughly 82,000 passengers during CONEXPO in early March, a total the company highlighted on its own X account at the time, and the system has now carried more than 4 million passengers through 11 open stations since it began running in 2021. The airport connector tunnels, meant to give the Loop a direct link to Harry Reid, have slipped past their original first quarter target and remain under construction, with Boring Company director Mike Baier saying that a full opening is still a few months out.
For Sahara, the calculation is straightforward. Convention traffic drives a large share of Loop ridership, and a station at the property’s front door gives conventiongoers one more reason to book rooms on the Strip’s north end instead of closer to the convention center itself.
-
Elon Musk
Tesla’s mysterious Robovan makes a sneak peek with Optimus in Terafab video
Elon Musk shared a new Terafab video showing Optimus, Robovans, and a stunningly futuristic campus.
Elon Musk posted a new video of Terafab on X Thursday morning, and the most eye-catching details in it were not the building itself, but two products still awaiting production: Optimus and the Robovan.
The concept render, credited to SpaceX, shows Optimus robots working the grounds of the roughly 2.5-mile-long facility planned for the Gibbons Creek site in Grimes County, while a Robovan glides along an elevated roadway cutting through the building itself, sharing the frame with a Tesla Semi and a Cybercab.
Robovan is the boxy, driverless people and cargo mover Musk unveiled alongside Cybercab at Tesla’s “We, Robot” event in October 2024. He pitched it as a way to move up to 20 passengers at once, or handle freight instead, at a target cost he claimed could fall under a dollar a mile, with no steering wheel or pedals, the same layout as Cybercab. Nearly two years later, Robovan still has no confirmed production timeline and has not shown up in any factory footage, which makes Thursday’s render one of the only recent looks at the vehicle in any form.
Terafab Texas will be the largest and most valuable building on Earth by far.
And it will be stunningly beautiful. pic.twitter.com/4NweOqTL7y
— Elon Musk (@elonmusk) August 6, 2026
Optimus has moved further along. Tesla began converting Fremont’s old Model S and Model X assembly line into a Gen 3 Optimus production line earlier this year, and Musk visited the site on July 1 to mark the changeover. A second, larger Optimus plant is under construction at Giga Texas, targeting volume production in summer 2027 and eventual capacity of 10 million units a year. Tesla AI lead Ashok Elluswamy said this month the robot has “big shoes to fill” in replacing the S and X line, while Musk has repeatedly called Optimus the company’s biggest product of any kind, with a long-term price he has pegged between $20,000 and $30,000.
-
Check out the “Robovan” from @Tesla
📸: @Teslarati pic.twitter.com/D4es2i9NUe
— TESLARATI (@Teslarati) October 11, 2024
“Terafab Texas will be the largest and most valuable building on Earth by far,” Musk wrote alongside the clip. “And it will be stunningly beautiful.”
One quote post summed up the reaction: “Futuristic scene with RoboVan + Cybercab + Tesla Semi + Optimus.”
Beyond the vehicles, the architecture wrapped around them stands out too. The building’s facade is canted at sharp angles, with illuminated horizontal bands running through what appears to be a multi level interior visible from outside. Below the elevated roadway, pedestrians walk along a plaza next to a reflecting pool, and the skyline behind the campus is dotted with angular spires that read more like sculpture than infrastructure, a departure from the strictly utilitarian look of Gigafactory Texas or Starbase.
The timing tracks with what Terafab representative Riley Trennell told Grimes County residents on Wednesday, when he said renderings of the facility would be released “within days.” Musk’s post followed less than 24 hours later, and Texas Governor Greg Abbott’s office sent out its own release Thursday confirming the project. As Teslarati reported this morning, Terafab’s tax abatement agreements with Grimes County are now signed and active, and SpaceX has sent the county its first $10 million payment under that deal. The dollar figure tied to this phase of construction, per Reuters, is $16.8 billion, one of the first hard capital expenditure numbers attached to Terafab since Musk unveiled the joint Tesla-SpaceX-xAI venture in March.Reaction on X ranged from enthusiastic to skeptical. “God Bless Texas! Everything is bigger and better in Texas!” one reply read. Another was more measured: “Terafab in a decade…..”
Whether the finished building matches the render is a separate question from whether Musk wanted people talking about the render itself. Less than a day after posting, the video had already crossed 5.5 million views.
-
Elon Musk and SpaceX shrugs off the trading day Wall Street feared most
The Boring Company’s newest Vegas Station has a permit quietly waiting behind it
