Leadership

As Porsche's first electric model, the Taycan is key for the German brand, which expects 80% of its sales to be electric by 2030.

Despite high production and delivery numbers, executives are still holding firm to their 57,000-unit guidance as the company focuses on reducing cash burn.

The company still continues to miss on revenue estimates as its cash burn continues.

With growth investments focused on the company’s best-known brands, other parts of the business may be in line for “a little pruning,” Don Allan told analysts.