The electric 718 survived the chopping block, and Porsche's CEO left the door open on a flagship sitting above the 911Porsche’s CEO says the electric 718 models will be built. Michael Leiters described the electric 718 as a “fantastic car.” “With the electric 718, we have come to the conclusion that we will build the model – because it is the best economic solution and will become a fantastic car,” he said. Tech Shared With AudiBaldaufThe publication claims Porsche is sticking with the electric 718 because Audi needs to borrow components for its own next-generation sports car, expected to be an all-electric successor to the TT. Flagship Plans And Taycan’s FuturePorsche Mission X concept.