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Porsche reveals Taycan specs: 310-mile range, ultra-fast charge 800V battery
Porsche dubs the Taycan, formerly known as the Mission E sedan, as one of its most important vehicles since the iconic Porsche 911. The upcoming all-electric, high-performance luxury sedan is expected to compete with some of the electric vehicle market’s most formidable mainstays, such as the Tesla Model S. With a drive unit developed from Porsche’s racing pedigree and battery tech that enables ultra-high-speed charging, the Taycan is set to make an impact when it starts production next year.
The auto market is starting a shift towards electric mobility, and the Taycan will be Porsche’s flag bearer for the next few years. By 2025, the legacy automaker is aiming for “every second Porsche sold to have an electric drive unit,” meaning half of its offerings would be fully electric and the other half will be plug-in hybrids. The Taycan is projected to hit a production rate of 20,000 vehicles per year, translating to roughly 67% of the current sales figures of the Porsche 911.
The Taycan is equipped with two permanently excited synchronous motors (PSM) that produce a combined 600 hp (440 kW). Porsche’s PSM motors were used by the company in the 919 Hybrid, a sports-prototype racing car that won the 24 Hours of Le Mans in the event’s Prototype-1 Hybrid (LMP1-H) category. The carmaker states that PSM electric motors are the “turbos of the electric motor milieu,” considering their capability to boast high sustained performance while maintaining maximum efficiency. Naser Abu Daqqa, director of electric drive systems at Porsche, described one of the strategies employed by the company to maximize the performance of the Taycan’s electric motors.
“The coils are made of wires that aren’t round, but rather rectangular. This makes it possible to pack the wires more tightly and get more copper into the coil machines—increasing power and torque with the same volume,” Abu Daqqa said.
Porsche’s battery unit for the Taycan is estimated to give the all-electric car a range of 310 miles per charge. In a press release, Porsche stated that lithium-ion batteries are utilized for the all-electric sedan’s battery pack. The Taycan is equipped with an 800-volt battery, comprised of cells that hold 4 volts each.
The Taycan’s battery unit prioritizes speed over weight. Instead of installing heavy batteries, Porsche opted to employ ultra-fast charging solutions instead, using an intelligent charging protocol and a heat exchanger system that can get the vehicles’ batteries up to operating temperature quickly and cooling them when needed. Due to its battery’s design, Porsche was able to use thinner cables on the vehicle as well, allowing the company to save even more weight.
The Taycan’s fast-charging system aims to add 248.5 miles worth of range in roughly 15 minutes. Dubbed the IONITY network, the ultra-fast-charging system is a joint venture with other automakers such as the BMW Group, Daimler AG, the Ford Motor Company, and the Volkswagen Group with Audi. IONITY’s chargers have a capacity of up to 350 kW per charging point, far above Tesla’s 120 kW Supercharger network. Porsche is exploring home charging solutions as well, including inductive charging via a base plate installed on a garage floor. Lastly, the Taycan will also be compatible with existing charging infrastructure in major cities.
As Porsche prepares to start manufacturing the vehicle next year, the company is currently hard at work testing prototypes of the electric car in several regions across the globe. In the western part of South Africa alone, 21 camouflaged Taycan prototypes are currently being deployed to test how the all-electric cars fare in hot weather. By the time the Taycan starts production in 2019, Porsche expects its test vehicles to have accumulated millions of kilometers worth of data from road tests.
The Taycan is expected to showcase Porsche’s trademark performance, with the vehicle being 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. Pre-orders for the Taycan were recently opened to interested buyers and so far, Porsche has noted that the reception to the car has been very positive.
Elon Musk
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
SpaceX priced its historic IPO at $135 per share today, raising a record $75 billion.
SpaceX officially priced its initial public offering at $135 per share, offering 555,555,555 shares of Class A common stock and raising $75 billion in what is the largest IPO in stock market history. Shares are set to begin trading on the Nasdaq Global Select Market on Friday, June 12, under the ticker symbol SPCX. The previous record holder was Saudi Aramco’s 2019 offering at $29 billion, followed by Alibaba’s $22 billion offering in 2014.
At $135 per share and roughly 555.6 million shares, the implied valuation sits near $1.75 trillion, which would make SpaceX roughly the seventh largest company in the United States, just above Tesla’s current market cap. Regular investors can request shares at the IPO price through Robinhood, Fidelity, Charles Schwab, SoFi, and E*TRADE, though the deal is heavily oversubscribed and most retail allocations will be partial or unfilled. Once trading opens June 12, anyone with a brokerage account can buy SPCX on the open market.
SpaceX’s amended S-1 is sparking a major Tesla merger conversation
The valuation is anchored primarily by Starlink. Starlink crossed 10 million subscribers as of February 2026 and is adding 750,000 to 1.5 million new users per month, with the connectivity segment already posting a $1.19 billion profit last quarter. The offering also bundles in xAI following SpaceX’s all-stock merger earlier this year, adding Grok and the Colossus supercomputer to the investment thesis. As Teslarati reported, Starlink ended 2025 with $10 billion in revenue, a figure analysts project could reach $24 billion by end of 2026.
Wedbush analyst Dan Ives has been vocal in his support. “I think the time is right,” Ives said, adding that the offering expands the Elon Musk ecosystem rather than competing with Tesla. An average 12-month price target of $165 per share represents roughly 22% upside from the IPO price. Not everyone agrees – Motley Fool noted xAI is spending $1 billion per month playing catch-up to OpenAI and Anthropic.
Musk founded SpaceX in 2002 with a single stated purpose. “Elon founded SpaceX with a goal to change humanity, to make us a multi-planet species,” CFO Bret Johnsen said in the company’s retail roadshow video this week. Musk himself has been more direct: “We are building the systems and technologies necessary to provide global connectivity on Earth and beyond, to understand the true nature of the universe, and to extend the light of consciousness to the stars.”
Investor's Corner
Tesla unfolded its first European “folding Supercharger”
Tesla’s folding Supercharger just arrived in Europe and it changes how fast charging expands.
Tesla’s Folding Unit Supercharger has officially landed in Europe, with the company teasing a new installation in its effort for a broader rollout targeting major motorway rest stops across the European continent in Q3 2026. The arrival marks a notable shift in how Tesla is thinking about network expansion, moving from hardware performance alone to engineering the logistics chain itself.
While Tesla did not reveal the exact location for the new folding Supercharger in Europe, the photo shared on X heavily suggests that this maybe somewhere in Norway. Historically, whenever Tesla rolls out an entirely new infrastructure architecture in Europe, whether it was the original Supercharger stalls years ago or these brand-new modular V4 “Folding Units”, Norway is almost always the designated launch pad because of its unmatched EV adoption rate and supportive infrastructure
The Folding Unit, introduced in March 2026, is a factory pre-assembled V4 charging station built on an industrial hinge system mounted to a heavy-duty concrete base. The entire assembly arrives on site ready to unfold and connect. Tesla confirmed the units feature telescopic light poles specifically designed for easy transportation and fast on-site deployment, a detail that signals how carefully the logistics chain has been engineered alongside the hardware itself. The design allows 33% more stalls per delivery truck, cuts installation time roughly in half, and reduces overall deployment costs by more than 20% compared to traditional installations.
Tesla’s newest “Folding V4 Superchargers” are key to its most aggressive expansion yet
Tesla also noted telescopic light poles which provide benefits over traditional Supercharger installations that require fixed-height poles that are awkward to ship, slow to position on site, and often require separate crews and equipment to erect before charging hardware can even be staged. By engineering poles that compress for transit and extend on arrival, Tesla has removed one of the quieter bottlenecks in the physical deployment process. Every hour saved on a light pole installation is an hour redirected toward getting stalls energized. At scale, across dozens of new sites per quarter, those hours add up to a meaningful acceleration in how quickly a location goes from approved permit to serving its first customer.
Each Folding Unit pairs a single V4 power cabinet with eight charging posts. The V4 cabinet delivers up to 500 kW per stall for passenger vehicles and up to 1.2 MW for the Tesla Semi, supporting twice the stalls per cabinet at three times the power density of its predecessor. Longer cables make every new station immediately usable by non-Tesla vehicles, a priority as Tesla continues opening its network to Ford, GM, Rivian, Hyundai, Stellantis, and others.
As Teslarati reported when the Folding Unit was first unveiled, Tesla’s Gigafactory New York produced its final V3 Supercharger cabinet in March 2026 after more than seven years and 15,000 units, completing a full pivot to V4 production. The European arrival of the folding design is the next chapter in that transition.
Faster and cheaper deployment means Tesla can justify building in markets and corridors that were previously too expensive to serve, filling the coverage gaps that have slowed EV adoption outside major urban centers.
First Folding Unit Superchargers in Europe 🇪🇺 https://t.co/KNfYWJukkL pic.twitter.com/YR1udIpH1i
— Tesla Charging (@TeslaCharging) June 10, 2026
Tesla has stunned by gaining yet another approval for its Full Self-Driving suite in Europe, its second in two days and its fifth overall.
Belgium will be the latest country to allow Tesla owners to utilize FSD on public roads in Europe, joining a quickly growing list that started with the Netherlands, Lithuania, and Estonia.
On Tuesday, Denmark announced its approval of the FSD suite, which has now been followed by Belgium just one day later.
The country’s Minister of Mobility, Annick De Ridder, announced the approval on her X account, stating that she had just signed the approval of Tesla FSD. It now goes to the country’s homologation department for the last step of the approval process.
De @Tesla community houdt hier al geruime tijd de vinger aan de pols over de toelating voor de FSD-technologie op onze Vlaamse en Belgische wegen.
Uit waardering voor jullie niet-aflatende interesse (en aanmoediging 😉), krijgen jullie hierbij de primeur: ik heb net de toelating… pic.twitter.com/Yrps4OHTj8— Annick De Ridder (@AnnickDeRidder) June 10, 2026
The Belgian approval is one of mighty importance because it truly shows how quickly countries in Europe could greenlight the FSD suite consecutively. Approvals are already coming in relatively quickly, which is a great sign.
Perhaps the next big development that could come from FSD approvals in Europe is an approval from a country like England, Italy, France, Spain, or Germany. It would be something to see how FSD would perform in a major European metro, such as London, Barcelona, Madrid, Paris, Rome, or Berlin.
Getting Full Self-Driving in Spain and England will be such huge milestones for Tesla. I am so excited to see how FSD performs in Madrid, Barcelona, and London, specifically.
The ultimate test will always be Mumbai or New Delhi. Excited for India’s eventual approval! https://t.co/paw9Ch1qmL pic.twitter.com/9RdDERVSSJ
— TESLARATI (@Teslarati) June 9, 2026
Full Self-Driving does an excellent job of roaming around major U.S. cities like New York and Los Angeles, but other high-profile international cities of significance would truly mark a line in the sand for Tesla, which can simply enable any vehicle in its customer-owned fleet to run FSD with the correct approvals.
SpaceX (SPCX) IPO is live today at $135: Here’s exactly what you need to know
Tesla unfolded its first European “folding Supercharger”
