Automotive
Elon Musk says you can now buy a Tesla with bitcoin
And it won’t be converted to fiat currency
Tesla chief and billionaire Elon Musk said on Twitter that the electric vehicle maker has started accepting Bitcoin. To buy a brand-new electric car from Tesla, now you can use cryptocurrency. And it won’t get converted to fiat currency.
“You can now buy a Tesla with bitcoin. Tesla is using only internal and open source software and operates bitcoin nodes directly,” the CEO said in a series of tweets.
The automaker last month revealed that it had bought $1.5 billion worth of bitcoin and that it would soon start accepting the world’s most popular cryptocurrency as a form of payment. Tesla’s vehicles range from US$ 40,000 to US$ 125,000 before tax. Based on the market rate, you can pay via the cryptocurrency and roll-out of the showroom with a brand new Tesla.
It’s available only to US customers right now, but Tesla did say that more countries shall follow later this year. It’s to be noted that bitcoin is the only cryptocurrency Tesla accepts.
Musk has always been an ardent supporter of cryptocurrencies and envisions a day when it’ll take over the world. While a tiny portion of the money is flowing in Bitcoin right now, many predict it to be the future of payments and human economics.
Tesla embracing bitcoins is a bid-deal because many other smaller companies shall be encouraged to make a move. Acceptability has always been a strong-point for cryptocurrency critics, and this one small act of confidence-building.
Some investors, however, are convinced that Tesla and bitcoin are both in bubble territory. The value of a Tesla share and bitcoin has soared in the last year, breaking all fundamental rules of value-based investing. Investors are concerned that cryptocurrency is still an unregulated industry and that many governments, like the Indian one, shall clamp down on it. Making it a very volatile investment.
Automotive
Porsche Cayenne Electric launches in the Philippines
Porsche’s electric SUV arrives locally.
Porsche has introduced the all-electric Cayenne in the Philippines, expanding its flagship SUV lineup with a fully electric powertrain. The new model joins the existing gasoline and plug-in hybrid variants, giving buyers more options as the brand expands its electric vehicle lineup.
The launch also coincides with Porsche’s 30th anniversary in the Philippines, marking another milestone for the German automaker in the local market.
Porsche Cayenne Electric delivers up to 642km of range
The Philippine-spec Cayenne Electric features a dual-motor, all-wheel-drive powertrain paired with a 113kWh battery. It produces up to 325kW (442PS) and 835Nm of torque with Launch Control activated.
Porsche claims the electric SUV can accelerate from zero to 100km/h in 4.8 seconds. It also offers a driving range of up to 642 kilometers based on the WLTP testing cycle.
The Cayenne Electric supports DC fast charging at up to 400kW. This allows for faster charging at compatible high-powered charging stations. For home charging, the SUV comes with an 11kW onboard AC charger.
Digital cockpit and adjustable rear seating
The Cayenne Electric features a 3,023mm wheelbase, providing additional room for passengers. Its rear seats offer 150mm of fore-and-aft adjustment and up to 18 degrees of backrest tilt, allowing occupants to prioritize legroom or cargo space.
Inside, the SUV introduces Porsche’s Flow Display, a curved OLED interface that serves as the centerpiece of its digital cockpit. An optional 14.9-inch passenger display is also available for entertainment and navigation-related functions.
The cabin combines these digital features with a configurable seating layout designed to balance passenger comfort and practicality.
Porsche Cayenne Electric features adaptive air suspension
The Cayenne Electric comes with adaptive air suspension and Porsche Active Suspension Management (PASM) as standard. Buyers can also opt for rear-axle steering and an active-hydraulic chassis leveling system.
Its driver-assistance and parking features include Adaptive Cruise Control, Lane Change Assist, ParkAssist with a 2D surround-view system, automated parking functions, and driver attention monitoring.
By offering the electric Cayenne alongside its combustion-engine and plug-in hybrid counterparts, Porsche continues to give customers a choice of powertrains while expanding its electric vehicle portfolio in the Philippines.
Porsche in the Philippines
Porsche Center Philippines has served as the official importer and distributor of Porsche sports cars in the country since 1996. Its offerings include the latest Porsche models, Porsche Lifestyle products, genuine parts, and after-sales services.
Automotive
Psst! You can test drive BYD and DENZA EVs for free this week, but not for long
Four days of EV displays, test drives, and a first look at the DENZA Z9 GT.
BYD Cars Philippines and DENZA Philippines are opening Super Experience Week to the public starting October 8, 2026.
The event runs until October 11 and gives visitors a hands-on look at the brands’ latest EVs and plug-in hybrids, along with test drives and a few previews. Admission is free.
BYD brings its plug-in hybrids and safety program
BYD’s showcase at the BGC Amphitheater will feature the Sealion 6 DM-i and the Tang DM-i. The brand’s full lineup will be on display at the BGC Garden, where visitors can also take the cars out for test drives.
BYD is also running its “Drive Electric, EV Safety Program” at the event. It’s aimed at helping new and prospective owners learn more about EV use as the community in the Philippines continues to grow. BYD says visitors can also get exclusive offers on all of its models, but only during Super Experience Week.
DENZA shows its premium lineup and a first look at the Z9 GT
DENZA is the centerpiece of the event. The brand is displaying its D9, B5, and B8, positioned as premium smart mobility with an emphasis on design, in-car tech, electrified performance, and comfort.
The main draw is an exclusive preview of the DENZA Z9 GT. The Philippine launch is targeted for the first quarter of 2027, and reservations are already open for customers who want to register their interest before it arrives.
The weekend moves to 5th Avenue
On October 10 and 11, the event expands to 5th Avenue, which will host a dedicated performance and advanced mobility showcase. A special exhibition will feature YANGWANG models, BYD’s ultra-luxury new energy vehicles.
The DENZA B5, DENZA B8, and BYD Shark 6 DMO will also be on show in a street exhibition throughout the weekend.
Test drives across both the BYD and DENZA lineups will be available for the duration of the event, so visitors can check out the tech, performance, and comfort of each model firsthand.
Automotive
Electric luxury reimagined: XPENG launches next-gen EV lineup
XPENG’s PH lineup spans the X9 MPV and the L03, with prices starting at PhP 1,548,000
XPENG has officially entered the Philippine EV market. Over 3,000 guests attended the brand’s grand local debut. During the launch event, the automaker introduced a six-variant lineup.
The lineup features the flagship X9 MPV and the sleek L03 SUV Coupé. Prices start at an accessible PhP 1,548,000.
Brand ambassador Anne Curtis joined the celebration on stage, while XPENG showcased its X2 Flying Car and IRON Humanoid Robot. These futuristic displays highlighted the company’s “Physical AI” vision.
XPENG X9: First-class travel for seven
The XPENG X9 serves as the brand’s flagship seven-seater MPV.
It turns luxury mobility into a private lounge experience. Buyers can choose between two Long Range variants. The base X9 Long Range costs PhP 3,858,000. It features zero-gravity second-row seats with a central aisle. This layout ensures quick access to the third row. The Premium Seat Package costs PhP 4,058,000.
It upgrades the middle row to individual captain’s chairs. These chairs feature four-way powered headrests and 16-point massage.
Both variants share identical mechanical hardware. A front-wheel-drive motor produces 235 kW and 450 Nm of torque. A massive 110 kWh battery provides up to 615 km of range.
A compatible DC fast charger boosts power from 10 to 80 percent in 12 minutes. Active rear-wheel steering delivers a tight 5.4-meter turning radius. Dual-chamber air suspension ensures maximum ride comfort.
A powered third row folds completely flat beneath the floor. Color options include Midnight Black, Arctic White, Matte Gray, and Silver Frost. Inside, buyers can select Meteorite Black or Coffee.
XPENG L03: Sleek versatility meets electric freedom
The L03 SUV Coupé blends striking aesthetics with daily utility. XPENG offers four distinct variants. Three models use pure battery-electric powertrains. One model features a range-extended electric setup (REEV).
The L03 EV Standard Range costs PhP 1,548,000. Its 58.3 kWh battery delivers up to 445 km of range. The L03 EV Long Range costs PhP 1,698,000 and offers up to 520 km.
The top-tier Long Range Ultra costs PhP 2,058,000 with 480 km of range. This Ultra trim adds front-seat massage, upgraded audio, and intelligent driving tech.
The L03 REEV costs PhP 1,598,000. It uses an onboard gas engine as an electric generator. Its 37.2 kWh battery delivers 215 km of pure electric driving. Total WLTP combined range reaches up to 1,017 km.
All L03 models feature rear-wheel drive. Fast charging takes roughly 20 minutes to reach 80 percent. Every model includes a 15.6-inch touchscreen and 539 liters of cargo space.
Available colors include Arctic White, Midnight Black, Rock Gray, Silver Frost, and Phantom Purple.
Ownership packages, reservation details
XPENG pairs each model with generous ownership perks. X9 buyers receive five years of free preventive maintenance. The package includes five years of roadside assistance.
XPENG adds a five-year bumper-to-bumper warranty. An eight-year warranty covers the battery and motor. X9 buyers also receive a complimentary 7kW wall charger.
L03 buyers receive two years of free preventive maintenance. The L03 includes identical roadside, bumper-to-bumper, and battery warranties. L03 EV buyers get a 7kW wall charger. The REEV variant comes with a 3.5 kW portable charger.
Reservations cost PhP 25,000 for the X9 and PhP 10,000 for the L03. Buyers can reserve through @xpengphilippines on social media.
XPENG showrooms in Greenhills, Makati, North EDSA, and Cebu are accepting reservations now. Local customer deliveries will begin in the fourth quarter.
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