News
Tesla Model S beats Porsche Taycan’s Nurburgring lap by ~20 secs: German auto mag
A German motoring publication recently reported that Tesla’s “Plaid Powertrain” Model S prototype on the Nurburgring has effectively destroyed the lap record of the Porsche Taycan around the iconic track. What’s particularly remarkable was that the Model S reportedly beat the Taycan’s time by a wide margin.
German media outlet Auto Motor und Sport, which has been covering the region’s auto industry since 1946, stated in a recent report that the Model S beat the Porsche Taycan’s Nurburgring lap time by almost 20 seconds. An observer from the publication recorded a hand-stopped lap time of 7 minutes 23 seconds for the Model S, far quicker than the pre-production Taycan’s time of 7 minutes 42 seconds.
Granted, the motoring magazine’s hand-stopped Model S lap time is bound to have corresponding inaccuracies, but this does not take away from the fact that Tesla’s largest sedan not only completed a lap around the Nurburgring without throttling its power; it did so in commanding fashion. This feat, if any, provides an encouraging indication of Tesla’s constant development of its vehicles, particularly with regards to its flagship sedan.
It would be easy to criticize or dismiss Tesla’s accomplishment for running a lap in a vehicle that is not yet available for purchase. Elon Musk, after all, announced that the Plaid Powertrain equipped in the Model S units at the Nurburgring is still about a year before it enters production. That being said, it should be noted that the Taycan unit that ran the 7-minute-42-second lap around the nearly 13-mile track is also a pre-production vehicle, complete with a roll cage.
Just like Tesla, Porsche did not disclose the specs and equipment set of the Taycan in its record-setting run either, only stating that it was a prototype unit with over 600 hp. From this angle, at least, the Taycan’s run and the Tesla’s Plaid Model S’ lap could be compared, considering that both vehicles had equipment that was installed for the Nurburgring run.
If Auto Motor und Sport‘s hand-stopped time is anywhere close to the official lap times of Tesla’s Plaid Model S prototype, the electric car maker will not only be able to beat the high bar set by the Taycan with its 7:42 run; it will be able to join the likes of vehicles such as the Enzo Ferrari and the Pagani Zonda F Clubsport, both of which lapped the Nurburgring in 7 minutes and 24-25 seconds. These vehicles are a class far above that of performance production four-door cars, save for monsters such as the Mercedes-AMG GT 4-Door Coupé 63 S 4MATIC+, which completed the Nurburgring in 7 minutes 25 seconds.
With the introduction of its Plaid Powertrain and three-motor setup for the Model S sedan and Model X SUV, Tesla appears to be setting the stage for the release of a line of vehicles that are excellent both in a straight line and on the track. Together with the next-generation Roadster, Tesla’s Plaid Model S and X will likely establish once more that electric cars are simply superior to their gasoline and diesel-powered counterparts in every metric.
Elon Musk
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
The estimates were shared by the official Polymarket Money account on social media platform X.
Recent projections have outlined how a potential $1.75 trillion SpaceX IPO could generate historic returns for early investors. The projections suggest the offering would not only become the largest IPO in history but could also result in unprecedented windfalls for some of the company’s key investors.
The estimates were shared by the official Polymarket Money account on social media platform X.
As noted in a Polymarket Money analysis, Elon Musk invested $100 million into SpaceX in 2002 and currently owns approximately 42% of the company. At a $1.75 trillion valuation following SpaceX’s potential $1.75 trillion IPO, that stake would be worth roughly $735 billion.
Such a figure would dramatically expand Musk’s net worth. When combined with his holdings in Tesla Inc. and other ventures, a public debut at that level could position him as the world’s first trillionaire, depending on market conditions at the time of listing.
The Bloomberg Billionaires Index currently lists Elon Musk with a net worth of $666 billion, though a notable portion of this is tied to his TSLA stock. Tesla currently holds a market cap of $1.51 trillion, and Elon Musk’s currently holds about 13% to 15% of the company’s outstanding common stock.
Founders Fund, co-founded by Peter Thiel, invested $20 million in SpaceX in 2008. Polymarket Money estimates the firm owns between 1.5% and 3% of the private space company. At a $1.75 trillion valuation, that range would translate to approximately $26.25 billion to $52.5 billion in value.
That return would represent one of the most significant venture capital outcomes in modern Silicon Valley history, with a growth of 131,150% to 262,400%.
Alphabet Inc., Google’s parent company, invested $900 million into SpaceX in 2015 and is estimated to hold between 6% and 7% of the private space firm. At the projected IPO valuation, that stake could be worth between $105 billion and $122.5 billion. That’s a growth of 11,566% to 14,455%.
Other major backers highlighted in the post include Fidelity Investments, Baillie Gifford, Valor Equity Partners, Bank of America, and Andreessen Horowitz, each potentially sitting on multibillion-dollar gains.
News
Tesla expands global FSD (Supervised) testing with Abu Dhabi trials
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
Tesla has started its first Full Self-Driving (Supervised) road trials in Abu Dhabi under the oversight of the Integrated Transport Centre, also known as Abu Dhabi Mobility.
The program marks the emirate’s first formal testing framework for Tesla’s supervised autonomous driving technology.
FSD (Supervised) road trials are being conducted with the support of the Smart and Autonomous Systems Council and in coordination with the Legislation Lab at the General Secretariat of the UAE Cabinet.
Dr. Abdulla Hamad AlGhfeli, Acting Director General of the Integrated Transport Centre (Abu Dhabi Mobility), highlighted the agency’s regulatory role in overseeing the FSD (Supervised) tests in a press release.
“The supervision of the Integrated Transport Centre (Abu Dhabi Mobility) over the commencement of Tesla’s advanced autonomous driving technology tests reflects its regulatory and legislative role. These tests represent a qualitative step to evaluate the technology’s performance in a real-world operating environment and to collect the necessary data to verify its readiness before any future expansion in usage.
“Through this organized framework, and in cooperation with strategic partners, we seek to achieve a balance between supporting innovation and encouraging the adoption of smart solutions on one hand and ensuring the safety of road users on the other, in line with the emirate’s direction to develop an advanced, safe, and sustainable transport system,” he said.
Tesla is putting a lot of effort into expanding the rollout of FSD (Supervised) to territories outside in the United States. During a recent interview with Giga Berlin plant manager Andre Thierig, Musk stated that Tesla is looking to secure approval for FSD (Supervised) in the Netherlands this coming March.
“Tesla has the most advanced real-world AI, and hopefully, it will be approved soon in Europe. We’re told by the authorities that March 20th, it’ll be approved in the Netherlands,’ what I was told. Hopefully, that date remains the same. But I think people in Europe are going to be pretty blown away by how good the Tesla car AI is in being able to drive,” Musk stated.
Elon Musk
SpaceX considering confidential IPO filing this March: report
The filing could pave the way for a June listing at a valuation that may exceed $1.75 trillion.
SpaceX is reportedly preparing to confidentially file for an initial public offering (IPO) as soon as March. The filing could pave the way for a June listing at a valuation that may exceed $1.75 trillion, potentially making it the largest IPO in history.
The update was initially reported by Bloomberg News, which cited information shared by people reportedly familiar with the matter.
As per the publication, a confidential filing allows a company to receive regulatory feedback before publicly releasing its financials. Bloomberg’s source, however, noted that the timing of SpaceX’s IPO is still under discussion and plans could change.
SpaceX did not immediately respond to requests for comment.
A March submission would mark the clearest step yet toward bringing Elon Musk’s private space company into public markets. People familiar with the preparations said the offering could raise as much as $50 billion. That would surpass the $29 billion debut of Saudi Aramco in 2019, currently the largest IPO on record.
Major banks including Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley, and Bank of America Corp. are reportedly positioned for senior roles in the transaction. SpaceX is also said to be considering a dual-class structure that would allow insiders, including Musk, to retain enhanced voting control.
Satellite communications provider EchoStar Corp., which holds a stake in SpaceX, reportedly saw its shares rise following news of the potential filing.
At a valuation exceeding $1.75 trillion, SpaceX would immediately have a larger market cap than all but five of the companies traded in the S&P 500 index. That figure would place it ahead of Meta Platforms Inc. and Tesla Inc. by market capitalization, trailing only a small group of mega-cap firms such as Apple Inc. and Microsoft Corp.
The scale of the proposed valuation reflects SpaceX’s dominance in orbital launch services and its Starlink satellite network, which serves millions of users globally. The company has also outlined long-term expansion plans tied to higher Starship launch cadence, orbital infrastructure, and lunar development initiatives.
SpaceX IPO could push Elon Musk’s net worth past $1 trillion: Polymarket
Tesla expands global FSD (Supervised) testing with Abu Dhabi trials
