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Porsche Rules Out Fully Electric 911, Keeps Combustion Engines

Porsche will continue offering the 911 with combustion engines and hybrid options. The company said it overestimated electric-vehicle demand.

1 source·Jun 10, 7:32 AM(5 hrs ago)·1m read

Porsche Rules Out Fully Electric 911, Keeps Combustion Engines

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Porsche has ruled out a fully electric version of the 911. CEO Michael Leiters said the sports car will continue using combustion engines, with hybrid options available. Porsche remains committed to electric mobility.

The company also said it overestimated demand for electric vehicles and is shifting some focus back toward traditional gasoline-powered models. Michael Leiters is the CEO of Porsche.

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SpaceX Sets $135 Share Price for June 12 Nasdaq IPO, Allocates Up to 30% to Retail Investors

SpaceX will allocate up to 30 percent of its IPO to retail investors, far above the typical 5-10 percent range. The offering is scheduled for June 12 on the Nasdaq.

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U.S. Inflation Hits 4.2% in May, Highest Since 2023 Amid Iran Conflict

ABC News

finance1 hr ago

U.S. Inflation Hits 4.2% in May, Highest Since 2023 Amid Iran Conflict

Consumer prices rose 4.2% year-over-year in May, the third straight monthly increase and the first reading above 4% in three years. Energy costs drove the jump after the Strait of Hormuz closure cut oil supply.