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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
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”
