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![At peak power, both models can deliver more than 1,100 PS. In combination with various lightweight construction and aerodynamics measures, these all-electric GT sports cars raise the bar in terms of driving dynamics. A more powerful and efficient pulse inverter that uses silicon carbide as the semiconductor material is used on the rear axle. The first Taycan Turbo GT models should be delivered to customers from this spring.<br/><br/>Not yet on the market, but already a record holder<br/>The Taycan Turbo GT with Weissach package earned the title of fastest electric series-production car at the Weathertech Raceway Laguna Seca, in California, on 23 February 2024. With a time of 1:27.87min., Porsche development driver Lars Kern put in a faster lap than any other driver has before with a road-approved electric car.<br/><br/>Not long before that, a pre-production version of this same new model set a new class record on the Nürburgring. Kern was also at the wheel on that occasion and posted a lap time of 7:07.55 min. on the Nordschleife. This official lap time is a whopping 26 seconds faster than Kern recorded for his last record lap in a Taycan Turbo S Sport sedan equipped with the performance package back in August 2022. This time also stands as the current record for series-production electric cars and also makes the Turbo GT the fastest four-door of any powertrain type on the Nürburgring. At peak power, both models can deliver more than 1,100 PS. In combination with various lightweight construction and aerodynamics measures, these all-electric GT sports cars raise the bar in terms of driving dynamics. A more powerful and efficient pulse inverter that uses silicon carbide as the semiconductor material is used on the rear axle. The first Taycan Turbo GT models should be delivered to customers from this spring.<br/><br/>Not yet on the market, but already a record holder<br/>The Taycan Turbo GT with Weissach package earned the title of fastest electric series-production car at the Weathertech Raceway Laguna Seca, in California, on 23 February 2024. With a time of 1:27.87min., Porsche development driver Lars Kern put in a faster lap than any other driver has before with a road-approved electric car.<br/><br/>Not long before that, a pre-production version of this same new model set a new class record on the Nürburgring. Kern was also at the wheel on that occasion and posted a lap time of 7:07.55 min. on the Nordschleife. This official lap time is a whopping 26 seconds faster than Kern recorded for his last record lap in a Taycan Turbo S Sport sedan equipped with the performance package back in August 2022. This time also stands as the current record for series-production electric cars and also makes the Turbo GT the fastest four-door of any powertrain type on the Nürburgring.](https://cdn6.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFJ1GDGSwFTARFwAkE0uIIv9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_porsche-taycan-turbo-gt-review-in-laguna-seca.jpg)
⏲ 1:49 👁 835K
![Tesla's plan to expand its Gigafactory near Berlin, Germany was approved by the local council, improving Tesla's chances of building more logistics space. Anti-Tesla protest groups oppose the expansion, claiming it threatens local water supplies. Protesters want to draw attention to the minerals needed for electric car batteries and their impacts on communities, as EVs require more minerals than gas cars. Some protesters have been living in treehouses near the factory for months to try to stop the expansion. A court rejected police attempts to remove them. Tesla's plan to expand its Gigafactory near Berlin, Germany was approved by the local council, improving Tesla's chances of building more logistics space. Anti-Tesla protest groups oppose the expansion, claiming it threatens local water supplies. Protesters want to draw attention to the minerals needed for electric car batteries and their impacts on communities, as EVs require more minerals than gas cars. Some protesters have been living in treehouses near the factory for months to try to stop the expansion. A court rejected police attempts to remove them.](https://cdn4.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFxgyHGSwFGIEA05JHzyUMv9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_tesla39s-gigafactory-expansion-in-berlin-gets-green-light-despite-anti-tesla-protests.jpg)
⏲ 0:36 👁 230K
![Website-building platform Squarespace announced it will go private in a $6.9 billion all-cash deal with private equity firm Permira. Permira will pay $44 per share, a 30% premium over Squarespace's unaffected stock price. Squarespace struggled as a public company, opening below its reference price and never trading above its IPO price. Major shareholders approved the deal and will remain investors after the acquisition. The deal marks a trend of smaller tech companies going private after difficulties in the public markets. Website-building platform Squarespace announced it will go private in a $6.9 billion all-cash deal with private equity firm Permira. Permira will pay $44 per share, a 30% premium over Squarespace's unaffected stock price. Squarespace struggled as a public company, opening below its reference price and never trading above its IPO price. Major shareholders approved the deal and will remain investors after the acquisition. The deal marks a trend of smaller tech companies going private after difficulties in the public markets.](https://cdn5.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFGWkHmSwE_-kqJMSMyAnFl9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_squarespace-agrees-to-366-9-billion-all-cash-deal-going-private-with-permira.jpg)
⏲ 0:36 👁 680K
![Walmart's stock price rose after it reported first-quarter earnings that beat analyst expectations, demonstrating consumer resilience in spending despite economic pressure. Walmart's market capitalization surpassed $500 billion for the first time following the strong earnings results. Walmart's CFO stated that consumers have remained consistent in spending from quarter to quarter, though budgets remain stretched. Upper-income consumers are increasingly shopping at Walmart. Analysts noted Walmart's increasing focus on higher-margin revenue streams like digital advertising, marketplace fees, and fulfillment services contributing to growth. Walmart's stock price rose after it reported first-quarter earnings that beat analyst expectations, demonstrating consumer resilience in spending despite economic pressure. Walmart's market capitalization surpassed $500 billion for the first time following the strong earnings results. Walmart's CFO stated that consumers have remained consistent in spending from quarter to quarter, though budgets remain stretched. Upper-income consumers are increasingly shopping at Walmart. Analysts noted Walmart's increasing focus on higher-margin revenue streams like digital advertising, marketplace fees, and fulfillment services contributing to growth.](https://cdn10.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KFxugpmSwFUumqxZmo_E5qP9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_walmart-surpasses-36500-billion-market-cap-after-strong-q1-results.jpg)
⏲ 0:38 👁 260K
![The popular cryptocurrency exchange Coinbase suffered a system-wide outage early Tuesday morning. Users could not access Coinbase and received a \ The popular cryptocurrency exchange Coinbase suffered a system-wide outage early Tuesday morning. Users could not access Coinbase and received a \](https://cdn6.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFHkAomSwE3yQAJgLGHWXZF9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_coinbase-faces-major-outage-as-users-locked-out-as-cryptocurrency-exchange-goes-offline.jpg)
⏲ 0:34 👁 225K
![Xbox Game Pass is reportedly set to see a price increase as Microsoft look to rework the subscription tiers. Xbox Game Pass is reportedly set to see a price increase as Microsoft look to rework the subscription tiers.](https://cdn9.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFUuGDmSwE_DjMwydIyqZrv9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_game-pass-is-reportedly-set-to-receive-a-price-increase.jpg)
⏲ 1:15 👁 7.1M
![Popular meme stocks GameStop and AMC saw their share prices plunge over 15% from the previous day's close as markets opened on Thursday. GME fell 18% from its prior close, and AMC opened down 8% and continued falling through the day. The declines came after the re-emergence of influential Reddit trader Roaring Kitty on social media. Kitty's cryptic social media posts featuring movie clips revived speculation around the meme stocks. The meme stock frenzy appears to be fading again on signs Kitty's impact may be temporary. Popular meme stocks GameStop and AMC saw their share prices plunge over 15% from the previous day's close as markets opened on Thursday. GME fell 18% from its prior close, and AMC opened down 8% and continued falling through the day. The declines came after the re-emergence of influential Reddit trader Roaring Kitty on social media. Kitty's cryptic social media posts featuring movie clips revived speculation around the meme stocks. The meme stock frenzy appears to be fading again on signs Kitty's impact may be temporary.](https://cdn6.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFxcTqmSwFUt-MIWaqISvGP9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_gamestop-and-amc-shares-plummet-over-15-amidst-return-of-influential-reddit-trader.jpg)
⏲ 0:35 👁 190K
![Anthony Edwards' Sneaker Success: Price Increase up 24% from kona electric car price in india Anthony Edwards' Sneaker Success: Price Increase up 24% from kona electric car price in india](https://cdn2.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KFxyeAQSwFHWwpHkfD_SFGv9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_anthony-edwards39-sneaker-success-price-increase-up-24.jpg)
⏲ 1:0 👁 180K
![Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.<br/>On the morning of May 15, both the S&P and the <br/>Nasdaq hit all-time highs after new data suggested <br/>inflation may be easing in line with expectations.<br/>Quartz reports that the Dow Jones Industrial Average <br/>is also inching toward the record-breaking <br/>40,000 mark, which it almost hit in March. .<br/>According to the latest Bureau of Labor <br/>Statistics data, April saw the Consumer Price <br/>Index, a key gauge of inflation, rise by 3.4%.<br/>At the same time, consumer prices <br/>increased by 0.3%, slowing slightly <br/>from March's 0.4% increase.<br/>The latest data also shows that core prices, <br/>which don't include food and energy, saw the lowest <br/>increase since April of 2021, rising just 3.6%. .<br/>As a result, investors have a sense of <br/>renewed hope that the Federal Reserve will <br/>begin to cut interest rates at some point in 2024.<br/>The latest inflation data was released one day <br/>after the Producer Price Index, which <br/>measures wholesale inflation, increased 0.5%. .<br/>Over the past year, the <br/>index has increased 2.2%.<br/>Shortly after markets opened, the Dow <br/>jumped up 147 points, hitting 39,705, while the <br/>S&P 500 and the Nasdaq saw 0.5% increases.<br/>Shares in GameStop were down 30% after <br/>experiencing a boost earlier this week by <br/>the online return of investor \ Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.<br/>On the morning of May 15, both the S&P and the <br/>Nasdaq hit all-time highs after new data suggested <br/>inflation may be easing in line with expectations.<br/>Quartz reports that the Dow Jones Industrial Average <br/>is also inching toward the record-breaking <br/>40,000 mark, which it almost hit in March. .<br/>According to the latest Bureau of Labor <br/>Statistics data, April saw the Consumer Price <br/>Index, a key gauge of inflation, rise by 3.4%.<br/>At the same time, consumer prices <br/>increased by 0.3%, slowing slightly <br/>from March's 0.4% increase.<br/>The latest data also shows that core prices, <br/>which don't include food and energy, saw the lowest <br/>increase since April of 2021, rising just 3.6%. .<br/>As a result, investors have a sense of <br/>renewed hope that the Federal Reserve will <br/>begin to cut interest rates at some point in 2024.<br/>The latest inflation data was released one day <br/>after the Producer Price Index, which <br/>measures wholesale inflation, increased 0.5%. .<br/>Over the past year, the <br/>index has increased 2.2%.<br/>Shortly after markets opened, the Dow <br/>jumped up 147 points, hitting 39,705, while the <br/>S&P 500 and the Nasdaq saw 0.5% increases.<br/>Shares in GameStop were down 30% after <br/>experiencing a boost earlier this week by <br/>the online return of investor \](https://cdn5.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFJDlnGSwFSILHKMhDKSDqv9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_stock-markets-rally-amid-investor-hopes-for-interest-rate-cuts-in-2024.jpg)
⏲ 1:30 👁 1.3M
![Brandon Robinson, CEO of New Horizon Aircraft Ltd, was recently a guest on Benzinga's All-Access.<br/><br/>New Horizon Aircraft is an advanced aerospace engineering company that is developing one of the world's first hybrid electric vertical take-off and landing (eVTOL) aircraft that is to be able to fly most of its mission exactly like a normal aircraft while offering industry-leading speed, range and operational utility. The company's unique designs put the mission first and prioritize safety, performance and utility.<br/><br/>The company recently provided updates on technical testing for its flagship product. Brandon Robinson, CEO of New Horizon Aircraft Ltd, was recently a guest on Benzinga's All-Access.<br/><br/>New Horizon Aircraft is an advanced aerospace engineering company that is developing one of the world's first hybrid electric vertical take-off and landing (eVTOL) aircraft that is to be able to fly most of its mission exactly like a normal aircraft while offering industry-leading speed, range and operational utility. The company's unique designs put the mission first and prioritize safety, performance and utility.<br/><br/>The company recently provided updates on technical testing for its flagship product.](https://cdn5.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KFJWVHmSwFRqaK0MDL1pmqv9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_data-released-from-key-technical-testing-for-this-new-kind-of-aircraft.jpg)
⏲ 13:17 👁 190K
![Comcast to Bundle , Peacock, Netflix and Apple TV+.<br/>On May 13, Comcast chief Brian Roberts announced the company's newest bundle, StreamSaver, NBC News reports. .<br/>Peacock, Netflix and Apple TV+ will be <br/>included in the bundle \ Comcast to Bundle , Peacock, Netflix and Apple TV+.<br/>On May 13, Comcast chief Brian Roberts announced the company's newest bundle, StreamSaver, NBC News reports. .<br/>Peacock, Netflix and Apple TV+ will be <br/>included in the bundle \](https://cdn7.hifimov.co/picture/preview/nUE0pUZ6Yl9mZv5xoJAxov5hMKDiqv9KFHkUIGSwE3u5EJIepHAKKl9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_comcast-to-bundle-peacock-netflix-and-apple-tv.jpg)
⏲ 1:31 👁 10.1M
![On Tuesday, President Biden announced new tariffs on Chinese imports, including a 100% duty on electric vehicles. Veuer’s Matt Hoffman has the story. On Tuesday, President Biden announced new tariffs on Chinese imports, including a 100% duty on electric vehicles. Veuer’s Matt Hoffman has the story.](https://cdn1.hifimov.co/picture/preview/nUE0pUZ6Yl9mZF5xoJAxov5hMKDiqv9KFIusqmSwFRWdrzSlD1tlEv9-ZwDjXFfbXRucEzyAo3LhL_8cK3tlAQN5v7P/(HiFiMov.co)_biden-announced-new-tariffs-on-chinese-imports.jpg)
⏲ 1:34 👁 2.7M
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