News
Porsche Taycan debut set for September 4, top facts about upcoming sports EV emerge
Porsche has confirmed that the formal debut of its first modern all-electric car, the Taycan, is set for September 4, 2019 at 9 a.m. EST. The vehicle will be launched at three locations: one in Canada, one in Germany, and another in China. With the Taycan’s launch, Porsche would be breaching a premium EV market that is so far dominated by Tesla and increasingly populated by veteran automakers such as Jaguar, Audi, and Mercedes-Benz.
The Taycan’s unveiling is only a few weeks away, and Porsche has been notably more open about giving access to its highly-secretive vehicle to the media. So far, the vehicle has been received extremely well. Fifth Gear presenter and Fully Charged host Jonny Smith, for one, was allowed to test the repeatability of the Taycan Turbo’s maximum performance during launches. The vehicle proved impressive for the host, as he was able to launch at max power 26 times with nary a drop in the car’s 0-60 mph performance.
Motoring publication Car and Driver was also able to experience the Porsche Taycan Turbo. Together with Porsche product line director for EVs Robert Meier, the publication was able to get some unique insights on the upcoming vehicle. The Taycan pre-production prototype, behind all its camouflage, was equipped with active anti-roll bars, carbon-ceramic brake rotors, rear-wheel steering, air springs, and a 21″ wheel and tire setup.
During Car and Driver‘s ride-along, Meier noted that the Taycan, thanks to its floor-mounted battery pack, actually has the lowest center of gravity in the company’s entire lineup. Comfort was a key portion of the Taycan’s development process as well, considering that the vehicle will be marketed as a four-door sedan that’s a step beneath the Panamera (and in turn, the Tesla Model S) in size. Highlighting the Taycan’s quickness, the Porsche executive noted that the vehicle will not see a drop in performance even when the battery is discharged past 50%.
Also notable is that the Taycan, unlike Tesla’s offerings like the Model 3 Performance, features a two-speed gearbox on its rear axle. This marks one of the first times that a production EV will be equipped with a two-speed gearbox, and it should provide a sizable benefit in both performance and efficiency. It would be interesting to see how Porsche manages the Taycan’s gearbox, considering Tesla’s experience with the original Roadster. During Tesla’s early days, the company equipped the original Roadster with a two-speed gearbox, but the components just kept breaking since the gearboxes could not handle the punishment from the vehicle’s electric motor.
Porsche states that the Taycan will have a range of 500 km (311 miles), though Car and Driver notes that this figure is based on the European NEDC cycle, which is far more generous than the more stringent and real-world accurate EPA cycle. During its ride-along with the vehicle, the publication noted that the Taycan showed a predicted 234 miles of range on a full charge, which reportedly seemed accurate considering that the trip’s route consisted of twisty mountain roads and 70-mph highway cruising. Meier’s comments to the publication’s team about being “conservative” with the Taycan’s range figure further adds to the idea of the vehicle having a US range rating that’s likely closer to 200 than 300 miles.
The Taycan has other notable quirks, including, but not limited to, two charging ports, its lack of one-pedal driving, and its sound, which could be heard especially at low speeds. This was particularly audible during Fully Charged host Jonny Smith’s first drive of the vehicle. With its low, bass-filled whine, the Taycan sounds not unlike those futuristic vehicles in sci-fi films.
Watch Fully Charged‘s experience with the Porsche Taycan Turbo in the video below.
Elon Musk
Musk bankers looking to trim xAI debt after SpaceX merger: report
xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. A new financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year.
Elon Musk’s bankers are looking to trim the debt that xAI has taken on over the past few years, following the company’s merger with SpaceX, a new report from Bloomberg says.
xAI has built up $18 billion in debt over the past few years, with some of this being attributed to the purchase of social media platform Twitter (now X) and the creation of the AI development company. Bankers are trying to create some kind of financing plan that would trim “some of the heavy interest costs” that come with the debt.
The financing deal would help trim some of the financial burden that is currently present ahead of the plan to take SpaceX public sometime this year. Musk has essentially confirmed that SpaceX would be heading toward an IPO last month.
The report indicates that Morgan Stanley is expected to take the leading role in any financing plan, citing people familiar with the matter. Morgan Stanley, along with Goldman Sachs, Bank of America, and JPMorgan Chase & Co., are all expected to be in the lineup of banks leading SpaceX’s potential IPO.
Since Musk acquired X, he has also had what Bloomberg says is a “mixed track record with debt markets.” Since purchasing X a few years ago with a $12.5 billion financing package, X pays “tens of millions in interest payments every month.”
That debt is held by Bank of America, Barclays, Mitsubishi, UFJ Financial, BNP Paribas SA, Mizuho, and Société Générale SA.
X merged with xAI last March, which brought the valuation to $45 billion, including the debt.
SpaceX announced the merger with xAI earlier this month, a major move in Musk’s plan to alleviate Earth of necessary data centers and replace them with orbital options that will be lower cost:
“In the long term, space-based AI is obviously the only way to scale. To harness even a millionth of our Sun’s energy would require over a million times more energy than our civilization currently uses! The only logical solution, therefore, is to transport these resource-intensive efforts to a location with vast power and space. I mean, space is called “space” for a reason.”
The merger has many advantages, but one of the most crucial is that it positions the now-merged companies to fund broader goals, fueled by revenue from the Starlink expansion, potential IPO, and AI-driven applications that could accelerate the development of lunar bases.
News
Tesla pushes Full Self-Driving outright purchasing option back in one market
Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.
Tesla has pushed the opportunity to purchase the Full Self-Driving suite outright in one market: Australia.
The date remains February 14 in North America, but Tesla has pushed the date back to March 31, 2026, in Australia.
NEWS: Tesla is ending the option to buy FSD as a one-time outright purchase in Australia on March 31, 2026.
It still ends on Feb 14th in North America. https://t.co/qZBOztExVT pic.twitter.com/wmKRZPTf3r
— Sawyer Merritt (@SawyerMerritt) February 13, 2026
Tesla announced last month that it would eliminate the ability to purchase the Full Self-Driving software outright, instead opting for a subscription-only program, which will require users to pay monthly.
If you have already purchased the suite outright, you will not be required to subscribe once again, but once the outright purchase option is gone, drivers will be required to pay the monthly fee.
The reason for the adjustment is likely due to the short period of time the Full Self-Driving suite has been available in the country. In North America, it has been available for years.
Tesla hits major milestone with Full Self-Driving subscriptions
However, Tesla just launched it just last year in Australia.
Full Self-Driving is currently available in seven countries: the United States, Canada, China, Mexico, Australia, New Zealand, and South Korea.
The company has worked extensively for the past few years to launch the suite in Europe. It has not made it quite yet, but Tesla hopes to get it launched by the end of this year.
In North America, Tesla is only giving customers one more day to buy the suite outright before they will be committed to the subscription-based option for good.
The price is expected to go up as the capabilities improve, but there are no indications as to when Tesla will be doing that, nor what type of offering it plans to roll out for owners.
Elon Musk
Starlink terminals smuggled into Iran amid protest crackdown: report
Roughly 6,000 units were delivered following January’s unrest.
The United States quietly moved thousands of Starlink terminals into Iran after authorities imposed internet shutdowns as part of its crackdown on protests, as per information shared by U.S. officials to The Wall Street Journal.
Roughly 6,000 units were delivered following January’s unrest, marking the first known instance of Washington directly supplying the satellite systems inside the country.
Iran’s government significantly restricted online access as demonstrations spread across the country earlier this year. In response, the U.S. purchased nearly 7,000 Starlink terminals in recent months, with most acquisitions occurring in January. Officials stated that funding was reallocated from other internet access initiatives to support the satellite deployment.
President Donald Trump was aware of the effort, though it remains unclear whether he personally authorized it. The White House has not issued a comment about the matter publicly.
Possession of a Starlink terminal is illegal under Iranian law and can result in significant prison time. Despite this, the WSJ estimated that tens of thousands of residents still rely on the satellite service to bypass state controls. Authorities have reportedly conducted inspections of private homes and rooftops to locate unauthorized equipment.
Earlier this year, Trump and Elon Musk discussed maintaining Starlink access for Iranians during the unrest. Tehran has repeatedly accused Washington of encouraging dissent, though U.S. officials have mostly denied the allegations.
The decision to prioritize Starlink sparked internal debate within U.S. agencies. Some officials argued that shifting resources away from Virtual Private Networks (VPNs) could weaken broader internet access efforts. VPNs had previously played a major role in keeping Iranians connected during earlier protest waves, though VPNs are not effective when the actual internet gets cut.
According to State Department figures, about 30 million Iranians used U.S.-funded VPN services during demonstrations in 2022. During a near-total blackout in June 2025, roughly one-fifth of users were still able to access limited connectivity through VPN tools.
Critics have argued that satellite access without VPN protection may expose users to geolocation risks. After funds were redirected to acquire Starlink equipment, support reportedly lapsed for two of five VPN providers operating in Iran.
A State Department official has stated that the U.S. continues to back multiple technologies, including VPNs alongside Starlink, to sustain people’s internet access amidst the government’s shutdowns.
Musk bankers looking to trim xAI debt after SpaceX merger: report
SpaceX launches Crew-12 on Falcon 9, lands first booster at new LZ-40 pad
