Everrati Builds the Electric Porsche 911 of Your Dreams

As any Porsche lover knows, the automaker produces an electric sports car, the Taycan, which in GT Weissach form (US$231,995) develops 1,019 peak horsepower and takes just 2.1 seconds to reach 60 miles per hour. But what Porsche doesn’t do is produce an electric version of its absolutely iconic 911.

At the moment, that’s a job for the British company Everrati, which installs electric power into examples of the 911 built between 1988 and 1994 (code named 964). Everatti also transforms Land and Range Rovers, as well as classic Mercedes-Benz SLs, and an interpretation of the Ford GT40. The 911s have carbon-fiber body panels for lightness and are built in California through a partnership with Aria. That company creates concept and pre-production vehicles for global automakers.

Everrati’s latest creation is the Porsche 911 Signature Wide Body. With the hard-to-miss ducktail, it resembles a 1980s Porsche Turbo—but handles better. For a price that starts at £290,000 (US$360,467) customers get a car with 500 horsepower and 368.78 pound-feet of torque. The car has a 62-kilowatt-hour battery pack from LG Chem, yielding in this lightweight configuration approximately 200 miles of range. A single motor is connected to a limited-slip differential.

Also available is a Legacy model with 247 horsepower and 228.64 pound-feet. These cars look like earlier 911s (without the wide body and ducktail, for instance) and are built in a time-consuming restoration process. Given the work required, the price is the same as the Signature.

The Everrati Porsche 911 Signature Wide Body offers 500 horsepower and 368.78 pound-feet of torque from an electric drivetrain.
Everrati

Features on the Signature include electronically adjustable suspension, regenerative braking, a “Porsche inspired” five-gauge cluster, and DC fast-charging capability. Everrati is also offering a Signature Gulf Edition of the 911, painted in the iconic blue-and-orange livery of the Gulf racing team (as seen at Le Mans and other venues).

The first Everrati 911 to go to a U.S. customer this month is a Mexico Blue Signature model delivered to California resident Matt Rogers, who co-founded the smart thermostat company that eventually became Google Nest. Rogers said in a statement that his car “captures the zeitgeist perfectly, being sustainable and environmentally conscious while also keeping the character of [Porsche’s] air-cooled era.”

Justin Lunny, Everatti co-founder and CEO, tells Penta that the company “doesn’t ‘convert’ cars to electric; instead, we redefine them as electric vehicles, worrying about such factors as driving feel and weight distribution. We hire very-experienced EV engineers and use the highest level of electric components, such as batteries and motors you would see in EVs from OEM manufacturers such as Rimac or Lotus.”

The gauges look like Porsche items, but are altered to monitor battery performance
Everrati

Lunny says that Everrati puts motor and batteries in the back, where Porsche located the engine and transmission on its 911s, with more batteries and power electronics up front, where the original gas tank resided.

U.K. customer cars will still make the trek to California. Lunny explains that right-hand-drive 911s are sourced in Britain and shipped to the U.S., where they’re stripped to the chassis and slowly built up with the new carbon-fibre panels. They then go back to the U.K. for finishing.

“EV is not the only answer, but we do believe it will become the predominate powertrain,” Lunny says.

The company concentrates on a few models, but it’s willing to entertain bespoke one-off commissions, such as an electric Lamborghini for a customer in the Middle East. Such projects require a huge engineering commitment, and the resulting vehicle isn’t by any means inexpensive, costing US$500,000 or more. But it will be fully developed as an EV.

Porsche, too, is mostly going electric, with plans to have EVs make up more than 80% of new car sales by 2030. In 2021, more than 40% of the cars delivered in Europe were at least partly electric, either plug-in hybrids or full EVs. The 911 has no plans for full electrification, though a hybrid version appears likely. Lunny himself drives a battery-powered Porsche Taycan.

The Apple growth and profit machine is wavering, and the boost from price increases might not be enough to keep it going at historic rates. That dials up the pressure on Apple’s new chief executive, John Ternus.

The company saved the bad news for its earnings call, an hour after it posted its results for the September quarter, projecting that for the current quarter its high-margin services business will continue to slow and that its widely watched gross profit margin will continue to fall.

Apple AAPL -1.83%decrease; down pointing triangle shares had been flat in post-close trading but declined as much as 4% after the company made the projections, which fell short of Wall Street estimates.

The impact of high memory costs are weighing even more heavily on the company, Ternus and Apple Chief Financial Officer Kevan Parekh said on the company’s earnings call. Apple has stockpiled cheaper components purchased earlier, but those inventories are dwindling.

When Ternus took over as Apple’s third chief executive of the past 29 years on Sept. 1, he inherited sky-high expectations. The men he followed were among the most successful company leaders in American business history. Steve Jobs revolutionized consumer devices multiple times. Tim Cook expanded Jobs’s creation to spectacular heights.

The expectations are reflected in Apple’s huge valuation. Oppenheimer analyst Martin Yang noted that Apple stock trades at 36 times next year’s expected earnings, a premium to the overall market, even though its earnings are only expected to grow 1%, which is slower than its tech peers.

“We see insufficient upside to justify the premium,” Yang wrote in an investor note, adding that Apple needs to boost iPhone sales growth and turn around its slowing services business to make him more bullish.

Investors have bid up Apple shares because it has been a port in the AI storm—a reliable and capital-efficient business that stands apart from rivals which are spending hundreds of billions of dollars racing to the AI frontier.

While others invest in data centers, Apple has been pouring its own cash into buybacks and dividends. But that safety may be challenged if Ternus can’t speed up Apple’s innovation engine.

Apple’s lagging performance in AI was evident when its new “Siri AI” chatbot arrived this past quarter. Its long-maligned assistant was already stale the day it arrived, surpassed by agents such as Instinct and Muse that can complete multistep tasks for consumers, while Siri still sets kitchen timers.

Apple needs to give people reasons to buy its devices as they get more expensive. The company raised prices across the board last quarter to help offset higher costs. Without compelling new features, a big question is whether consumers will slow the frequency of iPhone upgrades.

The new iPhone Duo appears to be a bright spot. Consumers are scooping up the $1,999 foldable smartphone despite mixed reviews—so many that Apple can’t keep up with demand. Shipping dates jumped out to January soon after the device went on sale, a disappointment for the normally reliable Apple supply chain.

Apple said its revenue grew 12% in the September quarter, slightly ahead of Wall Street’s expectations. Its widely tracked gross profit margin, at 47.9%, also came in just ahead of analyst estimates.

Apple will need to find new growth avenues because a reliable engine during the Cook era—the services business—is slowing. Courts and regulators worldwide have limited Apple’s ability to charge developers big fees to distribute apps through its App Store, the biggest component of the company’s services segment.

One of its most lucrative App Store fee generators has been the ChatGPT app from OpenAI. Around the time Apple accused OpenAI of trade-secret theft this past summer, OpenAI began redirecting potential subscribers to pay via its website instead of the App Store, skirting Apple’s tollbooth.

Apple’s valuation has bumped up against a ceiling in recent weeks. Six times it traded above a $5 trillion market capitalization intraday before finally closing above the threshold, which it has already fallen back below.

News Corp, owner of The Wall Street Journal, has a commercial agreement to supply news through Apple services.

Everrati Builds the Electric Porsche 911 of Your Dreams

Apple’s growth engine is showing signs of slowing, as rising costs, weaker services growth and AI competition challenge its profitability. With John Ternus taking the helm, the pressure is on to reignite innovation and sustain investor confidence.