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Porsche welcomes Taycan buyers with official “certificate of participation” as first production nears
Porsche Taycan reservation holders are starting to receive the first of several welcome packages and promotional material, as the company gears up to deliver its first all-electric car later this year. “Certificates of Participation in the Taycan Deposit Option Program” have been mailed to enthusiastic buyers from across the world who landed spots on the Taycan waiting list with their local dealership.
Porsche has reported a warm reception to the reservation program on the highly-anticipated electric sports car, specifically citing customer reaction as “fantastic”, well before the final version of the production model has been revealed. In an interview with CNET’s Roadshow in December last year, Porsche Cars North America CEO Klaus Zellmer would not provide specific pre-order amounts but hinted at a promising number by saying, “If all the people [who placed reservations] buy this car, then we are sold out for the first year.” A further review of discussions taking place in Taycan forums reveals customer placements in line anywhere from number 20 to over 150 across a sample of dealerships in North America and Europe.
After patiently watching the Taycan’s (formerly Mission E) development over the last year, including high-speed track testing on the famed Nurburgring and the promise of an ultra-fast charging network, Porsche’s sign of appreciation is, as one certificate recipient described it, a “nice little gesture to tide us over.”
In Porsche’s participation package, a logo-and-signature adorned certificate greets recipients under the document’s title along with the words, “In recognition of your support in helping us write the next chapter of Porsche, this certificate is issued to:” followed by the reservation holder’s name. A beveled outline of a Taycan sketch above the vehicle logo is beneath that and above the signature of Klaus Zellmer, CEO of Porsche Cars North America. The black folder securing the certificate has a white print version of the same sketch on the left side and the words “Welcome to an Electric New Era” also printed in white on the right side. According to related comments made in Internet forums dedicated to the Taycan, certain customers in Europe also received silhouetted color photos of the car in the tri-fold and a neon yellow-green charging cord with their participation packages.
Also of interest in the Taycan development world is the background of reservation holders. Zellmer commented on this point as well: “More than half of the people that are signing up for the Taycan have not owned or do not own a Porsche…Typically, if we look at our source of business, people coming from other brands, it’s Audi, BMW, or Mercedes. The number one brand now is Tesla,” he stated. The findings certainly make sense considering Tesla’s reputation as a manufacturer of electric luxury performance vehicles versus Porsche’s longstanding position in the automotive industry as the maker of high-performance vehicles with a similar reputation amongst their peers. Additionally, a comparison of the core metrics of Tesla’s Model S and the Taycan makes them likely to appeal to the same customer base.
“Welcome to an Electric New Era”
Some Taycan buyers-in-waiting have directly expressed this connection. In a statement to Teslarati, Mike, a former Tesla Model 3 reservation holder who traded his place in line for the opportunity to own Porsche’s first electric car, detailed the specifics of his journey from one electric vehicle to the other.
“I was a day one, 9 AM March 31, 2016, Tesla Model 3 reservation holder…So I held a very early Model 3 reservation for over 18 months before falling out of love with the delays, price, and looks,” he explained as a reason for canceling his reservation. Mike’s lifelong support of the German automaker prompted him to join Porsche’s online deposit program for the Taycan as soon as it was made available. “I drove a restored Porsche 914 in high school and have been a huge fan of the brand ever since. Early 2018 I found a nice used Porsche 991 that matched (ok, slightly stretched) the projected Model 3 budget.”
The tri-fold mailer combo received is reminiscent of the “token of appreciation” gifts sent by Tesla to early Model 3 reservation holders containing sketches of the vehicle and a note from CEO Elon Musk.
Mike, who provided Teslarati with the participation certificate images, regularly posts photos related to his automotive hobbies and projects on Instagram. The electric car enthusiast wanted to make it clear that there were no hard feelings in the choice, just a decision made from personal preference. “I’m still a huge fan of Tesla and Elon for the record.”
Porsche originally revealed the Taycan in 2015 at the Frankfurt Motor Show. Originally called “Mission E”, the name has since been broadened to refer to the global project for the company’s developing line of electric vehicles while the vehicle itself adopted an artificial name devised from a Eurasian word meaning “young wild horse.” Porsche has also teamed up with the BMW Group, Daimler AG, Ford, and the Volkswagen Group in a project to develop the IONITY fast-charging network in Europe, and there are further plans to install 500 ultra-fast chargers in the United States.
The letter mailed to Porsche Taycan reservation holders reads as follows:
We’d like to personally thank you for enrolling in the Porsche Taycan Depositor Option Program.
For over 70 thrilling years, Porsche’s mission has been driven by one question: What does the sports car of the future look like? This pursuit of innovation and embrace of the unexpected is what pushes us to bring concepts like the Taycan to fruition, and it wouldn’t be possible without the continuing support of enthusiasts like you.
The Taycan marks the beginning of an exciting new chapter for us: the very first all-electric sports car with a Porsche soul. It is the embodiment of a marriage of electricity and emotion that could only be found in a Porsche.
We’ll continue to be in touch in the coming months as we eagerly await the arrival of the Taycan. Additionally, please find enclosed a certificate marking your official status as a participant in this program. We thoroughly appreciate your continued commitment to the future of sports cars.
Sincerely,
Klaus Zellmer
CEO, Porsche Cars North America
Pedro Mota
VP, Marketing, Porsche Cars North America
Elon Musk
SpaceX just filed for the IPO everyone was waiting for
SpaceX filed its public S-1, revealing $18.7 billion in revenue and billions in losses.
SpaceX publicly filed its S-1 registration statement with the Securities and Exchange Commission on May 20, 2026, making its financial details available to the public for the first time ahead of what could be the largest IPO in history.
An S-1 is the formal document a company must submit to the SEC before going public. It includes audited financials, risk factors, business descriptions, and how the company plans to use the money it raises. Companies are required to file one before selling shares to the public, and it must be published at least 15 days before the investor roadshow begins. SpaceX had already submitted a confidential draft to the SEC in April, which allowed regulators to review the filing privately before it went public.
The S-1 reveals that SpaceX generated $18.7 billion in consolidated revenue in 2025, driven largely by its Starlink satellite internet division, which posted $11.4 billion in revenue, growing nearly 50% year over year. Despite that growth, the company lost about $4.9 billion in 2025 and has burned through more than $37 billion since its founding.
SpaceX just forced Verizon, AT&T and T-Mobile to team up for the first time in history
A significant portion of those losses trace back to xAI, Elon Musk’s artificial intelligence company, which was recently merged into SpaceX. SpaceX directed roughly 60% of its capital spending in 2025 to its AI division, totaling around $20 billion, yet that division lost billions and grew revenue by only about 22%.
SpaceX plans to list its Class A common stock on Nasdaq under the ticker SPCX, with Goldman Sachs, Morgan Stanley, and Bank of America leading the offering. The dual-class share structure means going public will not meaningfully reduce Musk’s control, as Class B shares he holds carry 10 votes per share compared to one vote for public Class A shares.
The company is targeting a raise of around $75 billion at a valuation of roughly $1.75 trillion, which would make it the largest IPO ever. The investor roadshow is reportedly planned for June 5.
Tesla has scaled back driver monitoring to be less naggy with the latest version of the Full Self-Driving (Supervised) suite, which is version 14.3.3.
The latest version is already earning praise from owners, who are reporting that the suite is far less invasive when it comes to keeping drivers from taking their eyes off the road. The first to mention it was notable Tesla community member on X known as Zack, or BLKMDL3.
14.3.3 nags less too https://t.co/IuiWzuYO6O
— Elon Musk (@elonmusk) May 18, 2026
Musk confirmed that v14.3.3 was made to nag drivers significantly less, something that Tesla has worked toward in the past and has said with previous versions that it is less likely to push drivers to look ahead, at least after looking away for a few seconds.
This refinement aligns with Tesla’s ongoing push toward unsupervised FSD. The update also brings faster Actual Smart Summon (now up to 8 mph), reliable “Hey Grok” voice commands, richer visualizations, smoother Mad Max acceleration, and an intervention streak counter that rewards consistent use. Reviewers describe the drive as more human-like and confident, with fewer twitches or unnecessary maneuvers.
Musk has repeatedly signaled this direction. In late 2025, he stated that FSD would allow phone use “depending on context of surrounding traffic,” noting safety data would justify relaxing rules so drivers could text in low-risk scenarios like stop-and-go traffic.
We tested this, and even still, the cell phone monitoring really seems to be less active in terms of alerting drivers:
Tesla Full Self-Driving v14.2.1 texting and driving: we tested it
Earlier, ahead of v14, Musk promised the system would “nag the driver much less” once safety metrics improved.
In 2023, he confirmed the steering wheel torque nag would be “gradually reduced, proportionate to improved safety,” shifting reliance to the cabin camera. Subsequent updates like v13.2.9 and v12.4 further loosened monitoring, cracking down on workarounds while easing legitimate distractions.
These steps reflect Tesla’s data-driven approach: FSD’s safety record—reportedly averaging millions of miles per crash—now outpaces human drivers in many scenarios, giving the company confidence to dial back interventions. Reduced nags improve usability and trust, encouraging more drivers to rely on the system rather than disengaging out of frustration.
However, there are certainly still some concerns. In many states, it is illegal to handle a cell phone in any way, requiring the use of hands-free devices. In Pennsylvania, it is illegal to use your cell phone at stop lights, which is definitely a step further than using it while the car is actively in motion.
v14.3.3 represents tangible progress. Making FSD less adversarial and more seamless is definitely a step forward, but drivers need to be aware of the dangers of distracted driving. FSD is extremely capable, but it is in no way fully autonomous, nor does its performance warrant owners to take their attention off the road.
Tesla has officially expanded its Full Self-Driving (FSD) suite in Europe once again, as it will now be offered to customer vehicles in Lithuania, marking a significant milestone as the second European Union country to offer the system.
Tesla confirmed FSD’s rollout in Lithuania this morning:
FSD Supervised now rolling out to Teslas in Lithuania 🇱🇹!
Making European roads safer, one by one pic.twitter.com/Uuj0bNG7pP
— Tesla Europe, Middle East & Africa (@teslaeurope) May 20, 2026
Tesla showed several clips of Full Self-Driving navigation in Lithuania to mark the announcement, while Lithuanian Transport Minister Juras Taminskas highlighted the system’s potential to assist with lane-keeping, speed adjustment, and traffic tasks on longer drives, while emphasizing that drivers must stay alert and ready to intervene.
Just a few weeks ago, Tesla officially entered Europe with Full Self-Driving in the Netherlands. The expansion of FSD on the continent is now officially underway.
Full Self-Driving’s European Journey
Europe has long posed one of the toughest regulatory challenges for Tesla’s autonomy ambitions due to stringent safety standards under the United Nations Economic Commission for Europe (UNECE) framework, particularly UN Regulation 171 for Driver Control Assistance Systems.
The Netherlands’ RDW authority granted the pioneering approval after over 18 months of rigorous testing, including 1.6 million kilometers on European roads and extensive data submissions.
This approval enables mutual recognition across the EU, allowing other member states to adopt it nationally without full re-testing. Lithuania quickly leveraged this mechanism, becoming the second adopter. Tesla positions FSD Supervised as a tool to incrementally improve road safety, with the company claiming it reduces incidents when used properly.
Bottlenecks slowing broader European deployment include fragmented national regulations, varying levels of regulatory skepticism, and requirements for robust driver monitoring. Some EU officials have raised concerns about performance in adverse conditions like icy roads or speeding scenarios, alongside frustrations over Tesla’s public advocacy approach.
Additional hurdles involve data privacy, liability frameworks, and the need for EU-wide harmonization. While countries like Belgium appear to be fast-tracking adoption, larger markets such as Germany, France, and Italy are expected to follow in the coming months, with potential EU-wide progress targeted for later in 2026.
Tesla Full Self-Driving Across the World
As of May, Full Self-Driving (Supervised) is available in approximately ten countries.
In North America, it has been live for years in the United States, Canada, Mexico, and Puerto Rico. Asia-Pacific additions include Australia, New Zealand, and South Korea, while China utilizes what Tesla calls “City Autopilot.” In Europe, the Netherlands and now Lithuania join the list, with more countries mulling the possibility of also approving FSD.
Tesla offers FSD via monthly subscriptions (around €99 in Europe) or one-time purchases (with deadlines approaching in many markets), shifting toward recurring revenue models. Today is the final day Europeans will be able to purchase the suite outright.
This expansion underscores Tesla’s push for global autonomy, starting with supervised and building toward greater capabilities. With Lithuania now online, momentum is building across Europe, though regulatory caution will continue shaping the pace. Owners in approved regions report smoother highway and urban driving, but the system remains Level 2, which requires human oversight.
SpaceX just filed for the IPO everyone was waiting for
Tesla scales back driver monitoring with latest Full Self-Driving release
