Porsche valuation usurps former parent VW Group as most valuable automaker in Europe
A week after a successful public listing, ringing the bell at the Frankfurt Stock Exchange as Europe’s largest IPO by market capitalization, Porsche Group can add another title to its trophy case. Despite an initial fall earlier this week, Porsche’s shares rose on Thursday to give it a market valuation of €84 billion, thus overtaking its former parent company Volkswagen Group as the most valuable in Europe.
Up until its recent public listing, Porsche has existed as part of the Volkswagen Group, which saw an executive shakeup this past July when then CEO Herbert Diess stepped down to be replaced by the CEO of Porsche Group, Oliver Blume.
Since then, the market has been keeping a close eye on VW Group to see if it would go through with the public listing of Porsche, a strategy the German automotive company has been teasing for quite some time now.
Before the IPO, Porsche’s valuation was fluctuating quite a bit during a period of uncertainty in Europe surrounding supply chain issues and inflation. Despite these poor market conditions, Volkswagen Group proceeded with the listing, helping Porsche group garner the top end valuation of its now former parent’s guidance, around $73 billion. As a result, the German automaker received about €9.6 billion ($9.37 billion) in proceeds.
Although the market dipped shortly after that, it has bounced back, skyrocketing Porsche up to an even higher valuation. As a result, Porsche has dethroned Volkswagen Group as the automotive leader in Europe.
Latest Porsche valuation sits at €84 billion
On Thursday, Porsche shares rose to €93 ($91.95), boosting the German automaker’s valuation up to a beefy €85 billion ($82.9 billion). Later in the day, shares leveled at €91.04, setting Porsche’s valuation comfortably just below €84 billion.
Part of the reason for Porsche’s tremendous bounce back was thanks to investment banks that purchased nearly 3.8 million shares totaling €312.8 million – part of the “greenshoe option” intended to specifically support the young listing.
The shares purchased between September 29 and October 4 represented roughly 11% of the total trading volume since the listing, which is around 34 million shares. Via the greenshoe option, as many as 14.85 million shares worth a total of €1.2 billion will be available in these four weeks following the listing as a stabilization measure. It appears to be working quite well so far.
Even with the dips, Porsche remains significantly more valuable than Volkswagen Group, which is currently valued at €77.7 billion ($75.9 billion). Porsche Group now leads a pack of automakers in Europe that are all household names, and a majority of them are rooted in Germany.
- Porsche Group – €84 billion
- VW Group – €77.7 billion
- Mercedes-Benz – €57.2 billion
- BMW – €47.5 billion
- Stellantis – €39.7 billion
In addition to becoming the most valuable automaker in Europe and 25th most valuable stock overall, Porsche’s current valuation slots it in as the fifth-most valuable company in all of Germany. Time will tell if the German automaker can keep this momentum in a rather volatile market and maintain its current crown. We think an all-electric 911 could certainly help please investors, but that’s just our opinion.
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Shares of USA Rare Earth jumped in extended trading Thursday, after CEO Barbara Humpton told CNBC that the rare earth miner is “in close communication” with the White House.
Humpton’s comment comes after the Trump administration took a 5% equity stake in Lithium Americas this week. The Defense Department took a 15% stake in rare earth miner MP Materials in July.
“We are in close communication with the administration,” Humpton told CNBC’s Morgan Brennan when asked whether USA Rare Earth was interested in a deal with the Trump administration.
USA Rare Earth stock year to date.
USA Rare Earth shares were last up about 8% after hours. Its stock gained 23% in regular trading Thursday and has nearly doubled this year.
“This is a field where it will not be a zero sum game,” Humpton said of the rare earth supply chain. “It’s going to take a lot of players to build out this marketplace.”
USA Rare Earth is developing a mine in Sierra Blanca, Texas, and a magnet production facility in Stillwater, Oklahoma. Humpton said she supports the Trump administration’s deals with MP and Lithium Americas.
“What we’re doing is keeping the administration informed of our own plans,” she said.
The adminstration has said it is making the investments to help support the industry and break U.S. dependence on China.
Environment
Tesla applies for patent to make Cybertruck look even more ridiculous but more efficient
Tesla has applied for a new patent that would make the Cybertruck look even more ridiculous than it already does, but it would also make towing more efficient.
The Cybertruck is one of, if not the most, polarizing vehicles of all time, and its design is primarily to blame.
Much of the design is due to the use of stainless steel panels and the attempt to make pickup trucks more aerodynamically efficient.
Tesla has managed to improve on the drag coefficient of the average pickup truck.
However, it doesn’t help much with towing a trailer, which is going to catch a lot of that drag.
Tesla has now applied for a new patent on a device that would help push wind over a trailer towed by the Cybertruck.
The American automaker wrote in the abstract of the patent application:
An inflatable aerodynamic deflector to reduce drag and enhance efficiency. Constructed from drop stitch material, it forms one or more air chambers between parallel skins. The component includes a pressure regulation mechanism and diverse attachment interfaces such as rail systems, magnetic fasteners, and quick disconnect clips, distributed along the vehicle for secure mounting. This component acts as an aerodynamic deflector, optimizing airflow around conveyances, especially combination vehicles like tow vehicles and trailers.
In short, Tesla is working on an inflatable device that could sit on the bed of the Cybertruck and rise to close the air gap between the truck, thereby extending the angle of the windshield over the trailer.
Here are some of the drawings from the patent application
Electrek’s Take
To be fair, companies often apply for patents on products that they don’t have concrete plans to bring to production, and this could easily be the case here.
That’s especially true for the Cybertruck.
The program is so much smaller than Tesla anticipated, and with smaller volumes, it makes less sense to launch accessories.
That said, I’m pro everything that makes driving more efficient, regardless of whether it makes a vehicle silly.
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The 2026 Hyundai Kona Electric lineup will be offered in a single trim, but at least it’s the most affordable one.
Here’s the new 2026 Hyundai Kona Electric lineup
With the IONIQ 5 stealing the spotlight, Hyundai is downsizing the 2026 Kona Electric to just one trim — the base SE model.
Hyundai didn’t provide prices, but the 2025 Hyundai Kona Electric SE was the brand’s most affordable EV, starting at just $32,975. The SEL, Limited, and N Line trims will not be offered for the 2026 model year.
In another blow, Hyundai is also dropping the Long Range battery, meaning the 2026 Kona Electric will only be available with the Standard Range battery.
The Long Range 64.8 kWh battery offers a driving range of up to 261 miles, while the Standard Range 48.6 kWh battery delivers a driving range of just 200 miles. The only other change is that the SE trim will now include a larger console tray.
With new models arriving, like the 2026 Nissan LEAF and the 2027 Chevy Bolt EV, the Kona Electric will no longer be one of the few EVs starting under $35,000.
Nissan claims the 2026 LEAF “has the lowest starting MSRP for any new EV currently on sale in the US” at just $29,990. The new LEAF also offers significantly more range, with over 300 miles, and features a NACS port for recharging at Tesla Superchargers.
While it’s cutting the Kona Electric lineup, Hyundai appears to be focused on its top-selling EV for 2026, the IONIQ 5.
Following the expiration of the federal EV tax credit, Hyundai reduced prices on the 2026 IONIQ 5 by up to nearly $10,000 on certain trims. The 2026 IONIQ 5 now starts at just $35,000. It’s also extending the $7,500 credit for 2025 models.
Is the Kona Electric on its way out with the IONIQ 5 now available for about the same price? Either that, or Hyundai will have to cut prices on the Kona EV to stay competitive.
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