First Porsche Electric car named as Taycan
Porsche AG named its first car to directly compete with electric leader Tesla Inc. the Taycan, as the German manufacturer gears up for its most ambitious and potentially risky vehicle project. The moniker roughly translates to “a lively, young horse,” CEO Oliver Blume said at the Porsche museum near the company’s headquarters in Stuttgart, where the brand celebrated the 70th anniversary of its first-ever sports car, the 356 model.