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Porsche CEO dismisses Tesla's flying car stunt, focusing on real tech with Mission S sports car.

Market News
11 Nov 2026, 18:34 WIB
New York Post
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Neutral
Porsche CEO dismisses Tesla's flying car stunt, focusing on real tech with Mission S sports car.

Porsche CEO Michael Leiters criticized Tesla's recent flying Roadster demo as a gimmick, emphasizing Porsche's focus on tangible technology innovations instead. Leiters highlighted Porsche's Mission S concept, a high-end sports car expected to cost more than the 911 and marking Porsche's return to sports cars since 2015. Meanwhile, Tesla is shifting towards autonomous vehicles and robotics amid declining EV sales, winding down Cybertruck production to focus on self-driving taxis. This underscores the differing strategies of the two automakers targeting distinct customer bases.

Tesla shares trade at USD 392.17 on Pluang as of Nov 11, 2026 23:41 WIB, up 3.26% in one day. The stock holds a market cap of $1.50 trillion with a typical hold time of 89 days. Pluang users show a slight selling bias, with 55% selling and 45% buying Tesla shares currently.

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