Porsche has unveiled the Mission X, a new electric hypercar concept, which the automaker says could be the fastest road-legal vehicle ever to do a lap around the famous Nürburgring racetrack… if it goes into series production.
Porsche says the Mission X has an “ultra high-performance, efficient electric powertrain,” but though it doesn’t give tech specs, it gives us an idea of what they might be. The design considerations for this car include these points, which we’ll break down one by one:
Be the fastest road-legal vehicle around the Nürburgring Nordschleife
Have a power-to-weight ratio of roughly one hp per 2.2 lbs
Achieve downforce values that are well in excess of those delivered by the current 911 GT3 RS
Offer significantly improved charging performance with its 900-volt system architecture and charge roughly twice as quickly as the current Porsche frontrunner, the Taycan Turbo S
The first point is Porsche’s most common benchmarking method for its vehicles. Nürburgring Nordschleife, also known as “The Green Hell,” is a famously long and difficult track that runs through the Eifel forest in Germany. Recently, Porsche has been in a battle with Tesla over whose electric car is fastest around the track, and Tesla just struck back at Porsche to take back the record this past week.
Porsche would like to get that record back, but it sounds like it’s not just throwing down the gauntlet at Tesla but at all other cars. Tesla’s new production EV record 7:25 time is respectable (slotting near the Lamborghini Aventador, Ferrari Enzo, Mercedes AMG Black, and KTM X-Bow R) and is ten seconds ahead of Porsche’s previous EV record (but well behind the NIO EP9’s “production” EV lap record). However, Tesla is still nearly a minute off the plug-in hybrid Mercedes AMG One’s record of 6:30.705 for a street-legal vehicle.
But the AMG One is 1,049 hp in a 1,695 kg (3,737 lb) package. That’s powerful but also heavy, and weight is a killer in racing, especially around the curves that make up about five minutes of that six-minute Nürburgring lap. So that’s where the Mission X’s power-to-weight ratio comes in, and if Porsche meets its intentions, it’ll be a doozy.
A power-to-weight ratio of 1 horsepower per 2.2 lbs – or 1 hp/kg – is almost unheard-of, especially in road-legal vehicles. Only a few low-production hypercars have managed to achieve this feat, though most rely on forced induction (turbocharging). The Lotus Evija is the only other electric car claiming a similar power-to-weight ratio (1,970 hp in a 1,680 kg package).
High downforce is also a key component of racing, allowing cars to stick to the road better around turns at high speeds. Porsche says the Mission X will have more downforce than the GT3 RS, which is the best in the business at 409 kg (900 lbs) of downforce at 200 km/h (124 mph).
The Mission X will use active aerodynamics, so you have downforce when you need it and not when you don’t. This helps boost speeds on long straights (like the very long straight at the end of each Nürburgring lap) but also helps improve aerodynamic efficiency, which means less energy wasted, less battery needed, and more weight saved for more performance.
And lastly, Porsche wants to improve on its fast-charging performance from the Taycan, the current fastest-charging car on the road, by upgrading to a 900-volt system (like that seen on its previous Mission R concept) and doubling the Taycan’s peak 350 kW charge rate.
While we haven’t seen road cars capable of more than 350 kW, there have been proposals for 600 kW and 700 kW charging in Formula E and Electric GT racing, respectively. So if Porsche is targeting the Mission X as a racing monster, these are the numbers it would need to aim for.
The Mission X’s entire body is made of a carbon fiber reinforced plastic (CFRP) “exoskeleton.” CFRP is an expensive but light material that helps to keep power-to-weight ratios high. Carbon fiber body panels have been used on other EVs, namely the Tesla Roadster and CFRP in the BMW i3 and i8, and the Mission X’s forebear, the Carrera GT, had carbon fiber body panels as well.
The interior is driver-focused, with an asymmetrical design and color touches indicating such. The “yoke” steering wheel is reminiscent of racing wheels, featuring an open top for visibility, mode switches, and shift paddles (though Porsche makes no other mention of transmission in its press release).
And the battery is placed in a part of the car that we don’t see often anymore – behind the driver, instead of underneath. Most EV makers put batteries at the bottom of the car to help reduce the center of gravity, which is important for performance. But Porsche chose to put it behind the driver in the Mission X.
This means a slightly higher center-of-gravity but allows for a vehicle that is otherwise shorter – a height of 47.2 inches, just an inch and change taller than Porsche’s previous 918 and Carrera GT (and three inches taller than the original Tesla Roadster, which also carried the battery behind the driver).
It also makes for more traditional vehicle handling. Racing-focused cars are traditionally built with a mid-engine layout, where the heaviest part of the vehicle is behind the driver and in front of the rear axle. This enhances traction but reduces rotational inertia, which helps cornering ability. Housing the battery in that position will give a more traditional handling feel compared to the flat and low batteries of most road EVs these days.
Porsche has not yet committed to production officially. However, one line in its press release suggests this vehicle is likely to make its way into production in some form. Usually, concept cars make no mention of series production, but Porsche explicitly says, “If the Mission X goes into series production, then it should…” before listing the car’s capabilities. This explicit callout to series production suggests that this is more of a possibility than in the case of most concepts.
Further, the name is similar to Porsche’s Mission E, which was the concept name for what eventually became the Taycan. That concept attracted plenty of excitement and eventually made it to production, and this feels like an intentional callback.
If it were to make it to production, it would do so as the latest entry in a storied list of low-production Porsche hypercars. It started with the Porsche 959, which was designed as a Group B rally car and ended up selling about 300 units to the public. Then came the Carrera GT, a 1,500-unit line that is thought of as one of the ultimate drivers’ vehicles of all time.
And more recently, the Porsche 918 plug-in hybrid brought electrification to the world of hypercars, with only 918 units made (carrying a base price of $845k). This was the first road vehicle to break the seven-minute barrier at Nürburgring. But its power-to-weight ratio was about 0.5 hp/kg, so the Mission X offers twice the relative power as its immediate predecessor.
All of these cars commanded high prices, and given the specs of the Mission X, we can imagine it would fit more into this market than into any of Porsche’s more common mass-production vehicles.
What do you think of the Mission X concept? Will Porsche make it? Can it deliver on its promises? Do you have seven figures of cash burning a hole in your pocket and are ready to order one? Let us know in the comments below.
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Twitter CEO Jack Dorsey testifies during a remote video hearing held by subcommittees of the U.S. House of Representatives Energy and Commerce Committee on “Social Media’s Role in Promoting Extremism and Misinformation” in Washington, U.S., March 25, 2021.
Handout | Via Reuters
Block jumped more than 5% on Monday, leading a rally in shares of fintech companies as analysts downplayed the threat of JPMorgan Chase’s reported plan to charge data aggregators for access to customer financial information.
The recovery followed steep declines on Friday, after Bloomberg reported that JPMorgan had circulated pricing sheets outlining potential fees for aggregators like Plaid and Yodlee, which connect fintech platforms to users’ bank data.
In a note to clients on Monday, Evercore ISI analysts said the potential new expenses were “far from a ‘business model-breaking’ cost increase.”
In addition to Block’s rise, PayPal climbed 3.5% on Monday after sliding Friday. Robinhood and Shift4 recorded modest gains.
Broader market momentum helped fuel some of the rebound. The Nasdaq closed at a record, and crypto rallied, with bitcoin climbing past $123,000. Ether, solana, and other altcoins also gained.
Evercore ISI’s analysts said that even if JPMorgan’s changes were implemented, the most immediate effect would be a slight bump in the cost of one-time account setups — perhaps 50 to 60 cents.
Morgan Stanley echoed that view, writing that any impact would be “negligible,” especially for large fintechs that rely more on debit, credit, or stored balances than bank account pulls for transactions.
PayPal doesn’t anticipate much short-term impact, according to a person with knowledge of the issue. The person, who asked not to be named in order to speak about private financial matters, noted that PayPal relies on aggregators primarily for account verification and already has long-term pricing contracts in place.
While smaller fintechs that depend heavily on automated clearing house (ACH) rails or Open Banking frameworks for onboarding and compliance may face real pressure if the fees take effect, analysts said the larger platforms are largely insulated.
The global EV market is still charging ahead. According to new numbers from global research firm Rho Motion, 9.1 million EVs were sold worldwide in the first half of 2025, up 28% compared to the same period last year. But not every region is accelerating at the same pace.
China and Europe are doing the heavy lifting
More than half of the world’s EVs this year have been bought in China. That market hit 5.5 million sales in the first six months of 2025 – a 32% jump year-over-year. Around half of new cars bought in China are now electric.
While some Chinese cities’ subsidies have dried up, Rho Motion expects momentum to pick back up later in the year as more funding is released.
In Europe, 2 million EVs were sold in the first half of the year, up 26%. Battery electric vehicle (BEV) sales also rose 26%, thanks in part to affordable models like the Renault 4 (pictured) and 5 entering the market. Plug-in hybrids (PHEVs) weren’t far behind, growing 27% year-to-date. Chinese automakers are leaning into PHEVs as a way to work around the EU’s new tariffs on BEVs.
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Spain is leading the pack with EV sales soaring 85% so far this year. Its generous MOVES III incentive program was extended in April and has kept sales strong. The UK and Germany are also seeing solid growth – 32% and 40%, respectively. France, however, is slumping. With subsidies cut, EV sales there have dropped 13%.
North America is stuck in the slow lane
Things aren’t looking quite as bright in North America. EV sales in the US, Canada, and Mexico are up just 3% so far this year.
Mexico is the one bright spot, with a 20% boost. The US is up 6%. But Canada is down a whopping 23%.
And things could get bumpier. On July 4, Trump signed Congress’s big bill into law, which axes all the Inflation Reduction Act EV tax credits. Those consumer credits for EVs now officially end on September 30.
Just over half of the EVs sold in the US this year qualified for those credits. Rho Motion predicts a rush in Q3 before the subsidies disappear – and a decline in sales after that.
Rho Motion data manager Charles Lester said, “With Trump’s latest cuts in his ‘Big Beautiful Bill,’ the US could struggle to see any growth in the EV market overall in 2025.”
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Lucid’s electric sedan can drive further, charge faster, and packs more advanced tech than most of the competition. That might explain why it’s leading the segment. The Lucid Air remained the best-selling luxury EV sedan in the US after widening its lead in the Q2.
The Lucid Air is America’s best-selling luxury EV sedan
The 2025 Lucid Air Pure arrived as the “World’s most efficient car” with an EPA-estimated range of 420 miles and a record 146 MPGe.
It just set a new Guinness World Record last week for the longest journey by an electric car after travelling 749 miles (1,205 km) on a single charge.
That record was set in the range-topping Lucid Air Grand Touring model, which is rated for up to 512 miles of EPA-estimated range. On the WLTP scale, it’s rated at 597 miles (960 km). Either way, it still crushed the estimates.
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According to second-quarter sales data, released by Kelley Blue Book on Monday, the Lucid Air is still America’s best-selling luxury EV.
Lucid sold 2,630 Air models in Q2, up 10% from the previous year. Through the first half of 2025, Lucid Air sales are up 17% with 5,094 units sold.
Lucid Air (Source: Lucid)
Tesla, on the other hand, only sold 1,435 Model Ss during the quarter, 71% fewer than it did in Q2 2024. Tesla Model S sales in the US are down 70% through the first half of the year at 2,715.
Although Porsche Taycan sales were up 32% with 1,064 models sold, the significantly upgraded 2025 model year was expected to see even more demand. Porsche has 2,083 Taycans in the US this year, up just 1% from 2024.
Lucid Air Pure interior (Source: Lucid)
Other luxury EV sedans, such as the BMW i5 (1,434), i7 (820), and the Mercedes EQS (498), experienced steep double-digit sales declines year-over-year.
And it’s not just electric luxury sedans. The Lucid Air is currently outselling many gas-powered vehicles in its segment.
Lucid Air (left) and Gravity (right) Source: Lucid
Lucid’s first electric SUV, the Gravity, is also rolling out. Although only five were sold in the second quarter, Lucid is quickly scaling production. Lucid aims to produce 20,000 vehicles this year, more than double the roughly 9,000 it built in 2024.
Earlier today, Lucid’s interim CEO, Marc Winterhoff, confirmed during an interview with Bloomberg that the company expects higher Gravity output in the second half of the year.
The interview was at the grand opening of Panasonic’s new battery cell plant in De Soto, Kansas. Winterhoff said Lucid will start using new cells from the facility, but not until next year.
Lucid’s CEO stressed the importance of establishing a local supply chain, as policy changes under the Trump Administration are taking effect. Lucid and Panasonic are collaborating to localize EV materials, such as graphite. Last month, Lucid secured a multi-year supply agreement with Graphite One for US-sourced Graphite.
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