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Porsche Taycan sets Nürburgring record for fastest 4-door production EV
Porsche has announced that the Taycan, its first all-electric four-door sedan, had completed a lap around the Nürburgring in 7 minutes 42 seconds, well below the company’s target time of sub-8 minutes. What’s more, a video of the run appears to show the Taycan prototype hitting speeds of 161 mph (259 km/h) on the track’s final straight.
The Taycan’s track time at the Nurburgring is incredibly impressive, especially for a four-door electric vehicle. With a time of 7:42, the Taycan is only 4 seconds short of the record set by its stablemate, the Porsche Panamera Turbo S, which currently holds the record for a production four-door sedan on the track. Behind the wheel of the record-setting Taycan was professional driver Lars Kern, who praised the vehicle for its stability and acceleration.
“The Taycan is also suitable for race tracks and it convincingly proved that here on the world’s most challenging circuit. Again and again, I am impressed at how stable the all-electric sports car handles in high-speed sections, such as Kesselchen, and how neutrally it accelerates from tight sections, such as Adenauer Forst,” he said.
A video of Kern’s record-setting lap was shown shared by the German carmaker on YouTube, and it featured a first-person view of the Taycan that included the all-electric vehicle’s stats during the run. Quite surprisingly, the Taycan’s speed in the final stretch of the Nurburgring reached 161 mph (259 km/h), above the vehicle’s often-quoted top speed of 155 mph (250 km/h).
Porsche is expected to come up with multiple variations of the Taycan when it unveils the vehicle on September 4. With this in mind, there is a good chance that the Taycan used in the record-setting Nurburgring run was a Taycan Turbo, the top-tier variant of the vehicle that’s expected to start at around $130,000.
What’s particularly interesting is that the Taycan still has other, higher-end variants that set to be released in the future. There’s the Taycan Turbo S, which will be even more powerful than the Turbo variant at 724 bhp. There’s also talks of a Taycan GTS that will likely be tuned specifically for track driving. Both vehicles are expected to command a premium, and will likely be sold at a price point that is close, or perhaps even on the same range, as the next-generation Tesla Roadster.
Porsche is set to hold the formal launch of the Taycan at three locations: one in Canada, one in Germany, and another in China, on September 4. The event will begin at 9 a.m. EST.
Watch the Taycan’s record-setting lap around the Nurburgring in the video below.
Elon Musk
Tesla China posts strong February wholesale growth at Gigafactory Shanghai
The update was shared by Tesla observers on social media platform X, citing monthly China Passenger Car Association (CPCA) data.
Tesla China sold 58,599 vehicles wholesale in February, reflecting strong year-over-year growth. The figure includes both domestic deliveries in China and vehicles exported to international markets.
The update was shared by Tesla observers on social media platform X, citing monthly China Passenger Car Association (CPCA) data.
Tesla’s February wholesale result represents a 91% increase year over year, compared with 30,688 vehicles in February 2025. Month over month, the result was down 15.2% from January, when Tesla China recorded 69,129 wholesale units.
The February total reflects combined sales of the Model 3 and Model Y produced at Gigafactory Shanghai. The facility produces the two vehicles for both domestic sales and exports.
Gigafactory Shanghai continues to serve as Tesla’s primary vehicle export hub, supplying vehicles to markets across Asia and Europe. Data compiled by Tesla watchers shows that 18,485 vehicles were sold domestically in China in January 2026, while exports accounted for 50,644 units during the same period.
Tesla has also been extending financing programs in China as it pushes to strengthen domestic demand. The company recently extended its seven-year ultra-low-interest and five-year interest-free financing programs through March 31, marking the second extension of the promotion this year.
The financing initiative was first introduced on January 6 as a strategy aimed at offsetting higher ownership costs ahead of China’s planned 5% NEV purchase tax in 2026. The promotion was originally scheduled to expire at the end of January before being extended to February and then again through the end of the first quarter.
Tesla’s efforts come amid growing competition in China’s EV market. According to data compiled by CNEV Post, Tesla’s 2025 retail sales in China reached 625,698 vehicles, representing a 4.78% year-over-year decline. Part of that decline was linked to the Model Y changeover to its updated variant in early 2025, which temporarily reduced deliveries during the transition period.
News
Tesla Model Y L spotted on transport trucks in Australia
One of the sightings was reported along Victoria Parade in Melbourne, and it showed multiple Model Y L vehicles on a transport carrier.
Tesla’s upcoming Model Y L has been spotted on transport trucks in Australia. Sightings of the six-seat extended wheelbase Model Y variant have been reported on social media platform X by members of the Australian Tesla community.
One of the sightings was reported along Victoria Parade in Melbourne, and it showed multiple Model Y L vehicles on a transport carrier.
The sighting follows earlier observations by Tesla enthusiasts in Sydney, where a covered vehicle believed to be a Model Y L was spotted at a Supercharger.
The Sydney sighting drew attention after observers noted that the vehicle’s tare weight appeared to match the ADR approval listing for the Model Y L, suggesting it could indeed be the extended wheelbase variant of the electric SUV.
Tesla has previously confirmed that the Model Y L will launch in Australia and New Zealand in 2026. The confirmation was reported by techAU following a media release from Tesla Australia and New Zealand.
The Model Y L expands the existing Model Y lineup with seating for six passengers. The vehicle features a longer body compared with the standard Model Y in order to accommodate a spacious second and third row.
Tesla has opted for a 2-2-2 seating configuration instead of a traditional seven-seat layout for the Model Y L. The design includes two individual seats in the middle row to provide easier access to the third row and additional passenger space.
Tesla Australia and New Zealand has also stated that the Model Y L will be covered under the company’s updated warranty structure beginning in 2026.
Tesla has not yet announced pricing or official range figures for the Model Y L in Australia.
Elon Musk
Elon Musk shares timeframe for X Money early public access rollout
X Money is expected to enable financial transactions within the app, expanding the platform’s capabilities beyond social media features.
Elon Musk has stated that X Money, the digital payments system being developed for social media platform X, is expected to enter early public access next month.
The update was shared by Musk in a post on X. “𝕏 Money early public access will launch next month,” Musk wrote in his post.
As noted in a Reuters report, X Money is being developed as a digital payment service that’s directly integrated into the X platform.
The system is expected to enable financial transactions within the app, expanding the platform’s capabilities beyond social media features.
Musk has previously discussed plans to introduce payments and financial services as part of X’s broader development.
Since acquiring the platform in 2022, Musk has discussed expanding X to include a range of services such as messaging, media, and financial tools.
Elon Musk has shared his goal of transforming X into an “everything app.” During a previous podcast interview with members of the Tesla community, Musk mused about turning X into something similar to China’s WeChat, which allows users to shop, pay, communicate, and perform a variety of other tasks.
“In China, you do everything in WeChat… it’s kickass… Outside of China, there’s nothing like it, people live on one app. My idea would be like how about if we just copy WeChat,” Musk joked at the time.
To prepare for the rollout of X Money, X has partnered with payment company Visa to support the development of payment services for the platform’s users. The move could allow X to tap into the growing demand for digital and in-app financial transactions as the company builds additional services around its existing user base.
Tesla China posts strong February wholesale growth at Gigafactory Shanghai
Tesla Model Y L spotted on transport trucks in Australia
