• Loading stock data...
Saturday, July 12, 2025

Porsche Flexes Its Electric Power With Racing

  • Porsche is toying with the idea of an IPO to help fund its electric transition.
  • The luxury brand has showcased its move to clean power in racing events.
Porsche/Design: Alex Brooks

For Porsche, one big transition may inspire another. The carmaker is flirting with the idea of an IPO to fund a push into electric vehicles.

Porsche AG CEO Oliver Blume seemed to debate the idea in public with the CEO of its parent company, Volkswagen AG, with Blume saying on March 19 that an IPO is an “interesting” idea. VW CEO Herbert Diess later said “there was no immediate need” for an IPO to fund the electric transition. 

Volkswagen AG is undertaking its own $87 billion push into electric vehicle manufacturing and software. Porsche, like other automotive powerhouses, has shown its embrace of cleaner power through high-profile racing.

  • Porsche returned to the all-electric Formula E race in the 2019-2020 season with its 99X model. The series, which takes place across diverse locations that are directly impacted by climate change, resumes in April.
  • Nissan recently committed to Formula E electric vehicle race series through 2026.
  • BMW has also simultaneously gone into EV racing and consumer production.

Porsche also recently sought to juice sales of its electric Taycan model by adding it to the models available in its subscription service, in which customers pay a monthly fee and can swap their vehicle for other models.

Electric vehicles emit more tons of carbon dioxide in production, but they break even with gas-powered cars at around 20,000 miles and trounce other cars in efficiency over the life of the vehicle, per the Wall Street Journal.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jun 8, 2025; Brooklyn, Michigan, USA; NASCAR Cup Series driver Denny Hamlin (11) celebrates with his team, holding up three fingers, one for each of his victories at Michigan International Speedway, after winning the FireKeepers Casino 400.

Judge Urges Michael Jordan, Co-Plaintiffs to Settle With NASCAR

Jordan’s racing team filed a co-suit in October alleging antitrust practices.

Kentucky Derby Arrives With $920M Churchill Downs Expansion Stalled

The iconic venue had planned a $920 million renovation project.

London’s Big Sports Play: From NFL Games to Olympic Dreams

The English capital says it has already generated sizable returns from sports.
July 9, 2009; Auburn Hills, MI, USA; Detroit Pistons president Joe Dumars during the press conference to introduce their new head coach John Kuester at their practice facility.

Joe Dumars Leaving NBA League Office to Run Pelicans

Joe Dumars was the architect of the 2004 champion Pistons.

Featured Today

Bobbleheads are seen at Vintage Indy Sports, Tuesday, April 29, 2025 in Speedway. The local sports memorabilia store opened recently.

Baseball’s Bobbleheads Are the Center of the Collectibles Universe

Baseball’s most important keepsake drives long lines—and big business.
Rimouski, QC - JUNE 1: Final Game of the 2025 Memorial Cup between the Medicine Hats Tigers and the London Knights on June 1, 2025, at the Colisée Financière Sun Life in Rimouski, Qc.
July 11, 2025

CHL Is Facing a ‘Pandora’s Box’ of Questions Amid NCAA Talent Departure

As players defect to college, the Canadian Hockey League won’t cede ground.
Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.
July 9, 2025

The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’

Demand for the oddly shaped bats has stayed strong across the sport.
July 6, 2025

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
Jun 13, 2018; Moscow, Russia; A general view of a beer stand inside of Luschniki Stadium one day prior to the start of the FIFA World Cup 2018.

Saudi Arabia Says No Alcohol at 2034 World Cup

Saudi Arabia won’t allow alcohol anywhere during the 2034 World Cup.
August 30, 2024

Premier League Transfer Spending Has Already Topped $2 Billion As Deadline Looms

Saudi Pro League teams haven’t yet matched their English counterparts.
January 13, 2025

Gavin Newsom Reveals Status of 2028 Olympics As Los Angeles Wildfires Roar

Gavin Newsom says there’s a “Marshall Plan” to rebuild Los Angeles.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
Paralympics Tiktok
August 25, 2024

The Wildly Successful Paralympics TikTok Account Isn’t What You Think

A cheeky TikTok account is opening the world of Paralympic sports.
August 11, 2024

Passing of the Torch: Los Angeles Set for Olympic Firsts in 2028

The city last hosted the Summer Olympics in 1984.
August 1, 2024

Saudi Arabia Submits Bold World Cup Bid That Includes a Cliffside Arena

The Saudis are proposing a new stadium in a futuristic city called Neom.
John John Florence (USA) surfs in men’s round two competition during the Tokyo 2020 Olympic Summer Games at Tsurigasaki Surfing Beach.
July 29, 2024

Olympic Surfers Won’t Get Their Full Paris Moment

‘We’re kind of separate off on our own little thing over here.’