The media swirl around Tesla is laden with histrionics and conjecture. No doubt Elon's style brings some of this on, as does the need for media to generate clicks and page views. Digital Trends recently did a piece on Tesla, which they summarized as "Tesla Is Dying", and we might summarize using the same facts as:
Tesla is set up for mega success. Every startup has to explain to investors what their exit strategy is. And not just as an aside, but as a fundamental aspect of the plan, because investors in new businesses basically say 'exit strategy isn't everything, it is the only thing'. To fulfill its exit strategy promises, Tesla will raise another round or two to scale up to 1M cars per year. Then, in a world where Chinese and EU and US regulations mean everyone has to transition almost completely to EVs, and having positioned themselves as the brand that means 'EV', and the brand that means 'cool', and the 'brand that makes better cars than Audi and Jaguar and BMW and Honda and Toyota and all of GM and Ford', Tesla will be acquired. There probably will be a fight between OEMs, jacking up the price. Success on a massive scale is in store for Tesla because it is setting up for a huge exit (remember: the only thing). Oh, and by the way, the Tesla culture may simply eat the acquiring company for breakfast.
The world’s largest EV battery maker CATL recently announced a novel Kirin battery technology that allows for higher energy density than Tesla’s 4680 battery cells in the same footprint.
We’re digging the just-unveiled 2023 Ford Bronco Heritage Limited Editions! Due out next year, Ford is only building 1,966 units of each Heritage Limited Editions
Ahead of its premiere in mid-August, the yet-to-be-revealed new Urus model set a new record in the production SUV category on the track used for the Pikes Peak International Hill Climb: the famous uphill race that recently celebrated its 100th Running.
They said it would never happen. They said Porsche would always dumb down the 718 (Cayman) so that it didn’t cannibalize the 911. Well, in a way, “never” just happened. Porsche has announced that the GT3 motor is now available in the 718. It isn’t called the 718 GT3; instead, they’ve dubbed it the 718 GT4 RS. Okay, whatever.