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Tesla has proven itself, but Ferrari & Lamborghini says EVs can’t be supercars
In a rather rare act of solidarity, rivals Ferrari and Lamborghini have agreed on one thing: neither one would be making an all-electric supercar in the near future. Both companies note that electric car technology is not there yet to warrant an initiative to create a born-and-bred supercar.
Citing a rather dated example for the limitations of electric cars, the supercar makers noted that true high-performance vehicles need to be capable of launching multiple times in full power, over and over again, in both straights and corners. This is a limitation that was true for vehicles like the Tesla Model S, which is a monster in straight line races but compromised in closed circuits. These issues have largely been solved in more recent vehicles like the Model 3 Performance, an all-electric car that is capable of besting other high-performance sedans on a track.
The supercar makers also noted that the lack of sound from a roaring V12 or a supercharged V8 is a great part of the supercar experience, and this is something that is mostly absent in electric vehicles. Commenting on faux engine noises pumped into the cabin similar to the ones employed in the BMW i8, Ferrari’s chief technology officer, Michael Hugo, noted at the Geneva Motor Show that “we have to have a certain credibility.”
Maurizio Reggiani, chief technical officer at Lamborghini also noted that the big battery packs required of electric cars could compromise some of the brand’s design elements. Lamborghinis are already very low on the ground, and the CTO noted that stuffing a battery pack on the floor would sacrifice the benefit of a low center of gravity that the company’s wedge-shaped supercars enjoy.
Quite interestingly, Porsche CEO Oliver Blume noted in the 2019 Annual Press Conference that emotion in cars is not just about the noise that an engine makes. It is also about design, quality, driving characteristics, and the holistic experience of driving the vehicle. Porsche is hardly a neophyte in terms of creating supercars either, with vehicles like the 919 Hybrid and the 918 Spyder under its belt, so Blume’s statement could be taken with a notable amount of legitimacy.
RELATED: Exclusive: Porsche’s electric heart beats in the Taycan’s Zuffenhausen factory
It is a bit disappointing to see Ferrari and Lamborghini dismiss electric propulsion at this stage in the game. Just last week, Germany’s big three, Volkswagen, BMW, and Daimler, all decided that electric cars are the way forward, signifying an upcoming industry shift. What is somewhat surprising from Ferrari and Lamborghini’s recent comments was the fact that the companies seemed to have completely ignored the existence of all-electric supercars that are present today.
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There’s the Rimac C_Two from Croatia, which matches and even exceeds any Lamborgini and Ferrari in terms of its explosive power. There’s the Nio EP9 that conquered the Nurburgring’s records. There’s even the Pininfarina Battista, an all-electric 1,900 bhp monster that can hit 186 mph in less than 12 seconds. All of these vehicles are fully electric.
Of course, there is also the next-generation Tesla Roadster, which goes from 0-60 mph in 1.9 seconds at its base form. Elon Musk dubbed the vehicle as a “hardcore smackdown” to gasoline cars, and in terms of specs, it’s downright frightening, from its 250+ mph top speed, and its higher trims, one of which is called the “SpaceX package,” which uses literal rocket technology from Musk’s private rocket company. The Rimac C_Two is expected to start deliveries in 2020, the same year as the next-gen Roadster. The NIO EP9 has been around since 2016, and the Pininfarina Battista is expected to arrive in 2020.
So much for electric car technology not being there yet.
Tesla CEO Elon Musk said that flying cars will be coming to the market, something that his own company has hinted at previously.
Musk said on X, in response to a post that read, “We were promised flying cars and all we got is infinite superintelligence for everyone,” “You will get flying cars.”
You will get flying cars
— Elon Musk (@elonmusk) August 12, 2026
The post rang back to when Musk teased flying and hovering capabilities for the Tesla Roadster, the company’s supercar that has been delayed more times than anyone cares to count. It was set for an unveiling earlier this year, but it was then pushed back to August. There is still no sign of it coming.
However, that does not mean it won’t. But one of the biggest features of the Roadster that was teased was a SpaceX package that featured cold gas thrusters on the rear end that would help with white-knuckle acceleration. Another set would face the ground and would help the Roadster gain small bits of altitude, potentially helpful to jump over obstacles.
Elon Musk hints at Tesla Roadster’s “hovering” abilities in SpaceX package
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But it is not a straightforward thing for Musk. As a serial entrepreneur, he tends to spend his time on major disruptors; currently, his largest projects are artificial intelligence and compute power, as well as SpaceX’s launches that will eventually make life multiplanetary.
In the past, he has been critical of flying cars and has been in favor of tunnels, one of the big reasons he started the Boring Company. In 2017 at a TED talk, he said:
“There is a challenge with flying cars in that they’ll be quite noisy. The wind force generated will be very high. Let’s just say that if something’s flying over your head, if there are a whole bunch of flying cars all over the place, that is not an anxiety-reducing situation…You’re thinking, ‘Did they service their hubcap? Or is it going to come off and guillotine me as they’re flying past?’”
However, he’s never been against them. He has also said he’s in favor of both tunnels and flying cars.
Contrary to press reports, I’m not against flying cars. Just said it was important to consider both pros and cons.
— Elon Musk (@elonmusk) March 24, 2015
Most recently, Musk said that anyone who wants a flying car should be able to get one. This was stated last October on the Joe Rogan Experience:
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“My friend Peter Thiel once reflected that the future was supposed to have flying cars, but we don’t have flying cars… I think if Peter wants a flying car, we should be able to buy one.”
Whether the Roadster will be Tesla’s flying car or potentially another one remains in the mind of Musk. Of course, the Roadster will have to make its way to production lines before we find out.
Elon Musk
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
Elon Musk told SpaceX staff AI revenue will soon dwarf rockets and Starlink combined entirely.
Elon Musk told SpaceX employees this week that artificial intelligence, not rockets, will soon carry the company’s revenue. In a roughly 29 minute internal address posted on SpaceX’s X account on Tuesday, Musk said AI revenue will pass every other line of business at SpaceX “probably in September” and pull further ahead by the fourth quarter.
The numbers he gave are specific. SpaceX currently runs 1.4 gigawatts of AI compute capacity. Musk wants that at 10 gigawatts by the end of 2027, a jump he tied directly to revenue: “if we bring 10GW of AI online by the end of next year, it will be $300 billion to $500 billion a year in revenue.” He called those “big numbers,” which undersells a projection larger than what most countries produce in a year.
We made rockets reusable and are rebuilding the internet in space. The next challenge: making life multiplanetary and understanding the true nature of the universe
Watch @ElonMusk deliver a company update to @SpaceX employees pic.twitter.com/5c8rxoCQfu
— SpaceX (@SpaceX) August 11, 2026
Musk went further on where AI fits into SpaceX’s future. “Probably in four or five years, AI will be 99% of the value of SpaceX,” he told staff, adding that digital intelligence would eventually run “a trillion times” ahead of biological intelligence as computing scales. He tied that growth to the company’s founding mission, telling employees “we must win on AI, because the future is overwhelmingly AI and robots,” with the payoff meant to help fund Starship and a Mars program that increasingly runs through Terafab, the joint Tesla, SpaceX and xAI chip plant.
Elon Musk launches TERAFAB: The $25B Tesla-SpaceXAI chip factory that will rewire the AI industry
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None of this is entirely new territory. SpaceX told investors much the same story during its first earnings call as a public company on August 4, where Musk moved the company’s $1 trillion revenue target up a year to 2030 and said Starlink could someday carry a majority of the world’s internet. What the all hands video adds is a hard deadline and a specific power figure Musk had not given publicly before, along with a franker pitch to his own workforce that AI, not launch cadence, is now the thing SpaceX is betting its future on.
The AI revenue itself is not coming from SpaceX training its own models. It is largely Starlink acting as the network layer for xAI’s workloads, plus SpaceX renting out compute capacity directly, the same approach behind the roughly $16 billion the company spent on AI infrastructure in a single quarter.
Musk closed the video with a pitch aimed at recruiting and retention rather than investors, telling employees that anyone who helps SpaceX win the AI race will eventually get the chance to go to the moon or Mars themselves. Whether SpaceX can turn 1.4 gigawatts into 10 in seventeen months is the more immediate question, and one that will show up in quarterly numbers well before anyone leaves Earth.
In a new note to investors on Tuesday, Morgan Stanley analyst Andrew Percoco said that Tesla has one big financial question to answer for investors regarding its Robotaxi rollout, Full Self-Driving software, and Optimus.
Percoco said in the note that, for the most part, investors are still very positive about the direction the company is headed. However, there are some things the firm would like to see, and they have to do with financials.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla bulls are more than convinced that the company’s Full Self-Driving software is proof it can develop physical AI. Financially, however, there are still some questions, especially on elevated spending, which CEO Elon Musk said would occur as the company works to roll out Robotaxi faster and continue developing its Optimus robot.
The latter two are where Tesla will have to prove progress to investors, as Percoco writes that both projects “will require clearer evidence that Robotaxi is scaling and more tangible Optimus proof points to support the ROI on elevated capex.”
Percoco said the second quarter earnings call did not change his long-term thesis of where Tesla is positioned in the AI race, which is out in front. However, there are concerns that weaker gross margins and higher R&D spend will stress financials, and that has “sharpened our (and investors’) focus on measurable progress across Robotaxi and Optimus.”
Additionally, Robotaxi still needs to be proven with more operation in existing cities while maintaining safety but improving how many rides it gives in any given time, he said. For Optimus, Percoco wrote that he is “still looking for evidence beyond commentary around SOP.”
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Morgan Stanley put Percoco in charge of covering Tesla after long-time analyst Adam Jonas transitioned to the automotive side.
Currently, Morgan Stanley has a $415 price target on Tesla and a ‘Hold’ rating on the stock. It is trading at around $330 at the time of publication, which was 2:30 P.M. on the East Coast.
Tesla CEO Elon Musk says flying cars are coming
SpaceX’s next trillion dollar bet has nothing to do with rockets, Musk tells staff
