In the burgeoning field of electric vehicles (EVs), achieving advancements isn't merely about speed and range. The industry's frontrunner, Tesla, has demonstrated that attention to fundamental safety measures and the refinement of the user experience is equally significant. A recent video by Consumer Reports titled "Braking Without Brake Lights | Talking Cars Bonus" underscores this point.

The video illustrates a potential safety issue encountered with some EVs from legacy manufacturers, including Mercedes-Benz and Hyundai-Kia-Genesis. During the one-pedal driving mode, the brake lights switch off prematurely before the vehicle has come to a complete halt, which could potentially cause confusion and risk to following drivers.

In response to this issue, the manufacturers maintained that their systems comply with existing regulations. They argue that regulations do not stipulate the need for brake lights to remain illuminated while the vehicle is stationary and the brake pedal is not depressed. Nonetheless, it is apparent that this rule interpretation doesn't necessarily enhance safety on our roads.

It's worth mentioning that this issue was initially identified and highlighted by Alec Watson on the Technology Connections YouTube channel.

Contrary to these manufacturers, Tesla has proved itself attentive to such intricate details. Tesla's EVs, renowned for their innovative design and technological advancements, do not display this brake light issue in the one-pedal driving mode. The focus here isn't just about delivering impressive range or rapid acceleration but also about refining the driving experience and prioritizing practical, safety-centered needs.

Moreover, Tesla's edge over traditional automakers is its robust over-the-air update system. This unique capability allows Tesla to quickly and remotely rectify any software-related issues or enhance functionality without necessitating physical servicing of the vehicle. Should a similar concern arise, Tesla can address it promptly, further establishing their leadership position in the EV market.

As the EV market continues to evolve, the focus on getting the basics right becomes as crucial as future innovations. Tesla appears to be leading in both aspects, offering comprehensive safety and efficiency in its vehicles. In this regard, Tesla's pioneering approach to EVs serves as a benchmark for others in the industry. As more manufacturers venture into the EV space, the refinement of basic operational and safety measures will undoubtedly be critical to their success.

In recognizing the contributors to this dialogue, a special mention goes to Alec Watson, who first brought this topic to light. His insightful video on the Technology Connections YouTube channel has been instrumental in identifying the brake light issue in one-pedal driving mode. For a more in-depth look into Alec's exploration of the problem, you can watch his video here: Electric cars prove we need to rethink brake lights. His vigilant and tech-savvy perspective is an asset to the EV community, demonstrating the importance of critical analysis in the rapidly evolving field of electric vehicles.

Despite the promises from legacy automakers to boost their electric vehicle (EV) production and sales, Tesla's dominance in the US EV market remains unwavered. According to data from Motor Intelligence, Tesla is approximately 300,000 units ahead of its closest competitors, Hyundai and General Motors. This gap has increased since the first half of 2022 when it was around 225,000.

Tesla has been able to maintain its leadership position through significant sales growth, with an estimated 336,892 vehicles sold in the U.S. during the first half of the year, reflecting a 30% increase from the previous year. The growth has been driven by production at Tesla's new plant in Texas. Tesla's Model Y has become the world's best selling car in the first quarter of 2023.

Tesla's market share of U.S. EV sales dropped to 60% due to the entry of new competitors and overall market growth. Despite this, Tesla's global deliveries surpassed 889,000 EVs during the first half of the year. The company is aiming to produce at least 1.8 million electric vehicles in 2023, as indicated by CEO Elon Musk.

Meanwhile, Hyundai and General Motors have seen some gains but remain far behind Tesla. Hyundai, including its subsidiary Kia, managed to increase its EV sales by approximately 11% to 38,457 units. GM more than quadrupled its EV sales to 36,322 units in the first half of this year.

However, the vast majority of GM's EV sales were of its outgoing Chevrolet Bolt models, set to be discontinued later this year. The slow production ramp-up of its newer EV models has been a point of criticism. Despite these challenges, GM plans to roll out more mainstream EV launches in the coming year and aims to catch Tesla in sales by mid-decade.

Overall, Tesla's continued dominance illustrates the strength of its strategy and execution, even as more competitors enter the EV market. The company is set to continue leading the EV revolution, with strong growth projections for the coming years.

The electric vehicle (EV) industry in the United States is revving up, with sales hitting the 4 million mark at the end of June. Tesla continues to lead the charge, accounting for about 61% of the EV market.

This surge is fueled by a mixture of factors such as Tesla's price cuts earlier this year, tax credits of up to $7,500 for consumers, and an overall increase in manufacturing capacity. It took nearly eight years to sell the first million EVs in the US, which was achieved in 2018. However, the pace has been quickening with the fourth million achieved after just 10 months.

All major players, including Tesla, General Motors, Rivian, and BYD, have reported strong US sales and deliveries for EVs during the second quarter. Tesla's strong performance, despite being an established player in the EV market, underscores the overall market strength.

Tesla's reach continues to extend as it plans to open its Supercharger network to other vehicles, including those from Ford, GM, and Rivian. This initiative addresses a significant concern for US drivers - the limited availability of fast public charging. With about 12,000 Superchargers, Tesla represents around 60% of the total fast chargers available to US EV drivers.

Furthermore, Tesla's consistent discounts have played a key role in driving sales up. Earlier this year, Tesla cut prices across its models, leading to a record delivery of 466,000 cars between April and June. It further reduced prices in March, making its high-end models more accessible.

The EV sales boom has also been supported by the Inflation Reduction Act, part of President Joe Biden's climate change policy, offering consumers up to $7,500 in tax credits. As Tesla has already sold more than 200,000 EVs, three of its models are eligible for the full tax credit, further fueling its market dominance.

As the electric vehicle market continues to grow, Tesla’s continuous innovations and strategic pricing are making it an undisputed leader in the sector.

The China Association of Auto Manufacturers (CAAM) has withdrawn a commitment to avoid "abnormal pricing" that was signed by 16 automakers, including Tesla, Nio, Li Auto, and Xpeng. The pledge, which had been viewed by some as a ceasefire in a price war threatening profitability across the industry, was retracted after CAAM recognized it violated China's antitrust law. The day before the retraction, Tesla unveiled a global program offering additional incentives to buyers through referrals from existing customers, a long-standing tactic used by traditional automakers to increase sales. CAAM plans to encourage its member companies, including the 16 signatories, to adhere to the antitrust law and engage in fair competition with independent pricing.

Community sentiment seems to reflect a mixture of skepticism and humor over the brief lifespan of the agreement, with some suggesting that it was a political move, or that Tesla would have disregarded it anyway. Other discussions highlight the challenge of price competition in China's EV market, where sub-$10,000 vehicles are common.

Tesla has requested the Biden administration to establish stricter vehicle emissions limits than those suggested by the Environmental Protection Agency (EPA) in April, in contradiction to the views of other automakers. The EPA's proposed regulations aim to reduce emissions by 56% and result in 60% of new vehicles being electric by 2030 and 67% by 2032. Tesla, however, argues that the EPA should enforce a more stringent plan that ensures over 69% of vehicles are electric by 2032 and phase out gasoline-powered vehicles as early as 2030.

The automaker also criticized the EPA's cost assumptions, claiming they overlook the decreasing costs of battery cells and packs as well as efficiency improvements in battery electric vehicles. A trade group representing many automakers, excluding Tesla, argued that the EPA's proposal is unreasonable and unachievable, suggesting instead a 40%-50% requirement for electric, plug-in electric, and fuel cell vehicles by 2030.

Tesla also advocates for the elimination of credits that internal combustion vehicles can obtain to meet pollution targets. It further argues that the EPA's models significantly underestimate Tesla's vehicle sales, predicting less than 100,000 per year, a figure that Tesla contests, stating its U.S. sales in 2022 were nearing 500,000 vehicles.

In a recent groundbreaking move, Mercedes-Benz has announced plans to adopt the North American Charging Standard (NACS), which will pave the way for its electric vehicle (EV) customers to leverage Tesla's expansive Supercharger network starting from 2024. This pivotal development, announced on July 7, 2023, underscores the importance of industry collaboration and the cross-utilization of resources in driving the growth of the EV market.

Tesla's Supercharger network, with over 12,000 locations across North America, has been a critical driver of Tesla's success by providing reliable, high-speed charging. This robust network has set a high standard for other automakers venturing into the EV market. Mercedes-Benz's decision to adopt NACS represents a significant endorsement of Tesla's infrastructure, as the German automaker seeks to augment the EV charging experience for its customers.

In 2025, Mercedes-Benz will become the first German Original Equipment Manufacturer (OEM) to incorporate NACS ports into its new electric vehicles. For existing Mercedes-Benz EVs that utilize the Combined Charging System (CCS), the company will introduce an adapter in 2024 to enable seamless charging on the NACS network, furthering its customer-focused approach to electrification.

This initiative highlights the growing acceptance of Tesla's NACS in the automobile industry, with other leading manufacturers like General Motors, Ford, Rivian, and Volvo having already endorsed the standard. As Mercedes-Benz aligns with this trend, it further validates Tesla's charging standard and extends its influence in shaping the industry's future.

Moreover, Mercedes-Benz plans to roll out its High-Power Charging Network, consisting of more than 400 charging hubs and over 2,500 high-power chargers across North America by the end of the decade. These hubs, open to all EV brands, will be equipped with both CCS1 and NACS plugs, ensuring that a wide range of EV owners can access these facilities.

The company's decision to both tap into Tesla's Supercharger network and develop its proprietary charging infrastructure signifies a commitment to facilitate the adoption of electric mobility by providing their customers with increased charging options. Ola Källenius, Chairman of the Board of Management at Mercedes-Benz Group AG, emphasized, "To accelerate the shift to electric vehicles, we are dedicated to elevating the entire EV-experience for our customers - including fast, convenient, and reliable charging solutions."

This embrace of NACS is a testament to the growing influence of Tesla in the EV sector, as Mercedes-Benz leverages the established Supercharger network to benefit its customers. Simultaneously, the creation of a new high-power charging network further emphasizes the automaker's commitment to shaping the future of electric mobility, embodying the renowned quality, reputation, and customer focus for which Mercedes-Benz is known.

By providing access to Tesla's Supercharger network and investing in its charging infrastructure, Mercedes-Benz is ensuring that the future of transportation is electric, accessible, and powered by sustainable energy. The integration of NACS is a crucial step in this journey, facilitating an exciting chapter in the evolution of the EV landscape.

As the electric vehicle (EV) market continues to grow, two key players, Tesla and Hyundai, vie for the top spot. One of Tesla’s most popular offerings, the Model 3, competes head-to-head with Hyundai's newest arrival, the Ioniq 6. Despite both cars having their unique strengths, the data shows a clear victor.

Tesla and Hyundai both have dedicated followings and unique selling points. However, when it comes to their all-electric offerings, Tesla's Model 3 pulls ahead. Priced at just over $40,000, the Tesla Model 3 not only sits at a lower price point compared to the Ioniq 6 but also offers an impressive suite of amenities.

While both vehicles compete in terms of price and amenities, Tesla edges out the competition with a base price of $40,240, compared to the Ioniq's $41,600. Furthermore, the Tesla Model 3 offers features such as heated front and rear seats, a 15-inch touch screen, and blind-spot monitoring, enhancing its value proposition.

The Model 3 also secures its spot in terms of seat comfort, offering more rear legroom than the Ioniq 6. The added bonus of heated rear seats as standard equipment in the Model 3 gives it the upper hand in this category.

When it comes to cargo space, the Model 3 further solidifies its lead with 19.8 cubic feet of rear cargo room, coupled with an additional 3.1 cubic feet of space in its front trunk, dwarfing the Ioniq 6's 11.6 cubic feet trunk.

However, the Ioniq 6 did have its wins, notably in the interior features category. With a straightforward infotainment system and standard Apple CarPlay and Android Auto, Hyundai’s EV takes the lead.

In terms of performance, the Tesla Model 3 still holds the throne. While the Ioniq 6 offers impressive acceleration, the Tesla Model 3's 455 horsepower powertrain outpaces the Ioniq 6, reaching 60 mph in a stunning 3.1 seconds.

Tesla’s Model 3 also proves to be a more thrilling ride. Its taut suspension coupled with comfort and smooth driving dynamics make it a class leader in fun-to-drive electric cars.

When considering battery range, the Ioniq 6 surprisingly outperforms the Model 3, with a range of 361 miles compared to the Model 3's 358 miles. However, these figures are so close that most drivers are unlikely to notice the difference in daily usage.

On the safety front, the Model 3 impresses with a perfect U.S. News safety score and a Top Safety Pick+ rating from the Insurance Institute for Highway Safety.

In conclusion, while the Hyundai Ioniq 6 does impress in some areas, the Tesla Model 3 emerges as the winner in this head-to-head. Despite the minor advantages of the Ioniq 6, the overall performance, comfort, and value proposition of the Tesla Model 3 help it retain its crown in the compact electric car segment.

As the electric vehicle (EV) market expands at an impressive pace, one car that has consistently come out on top in Europe is the Tesla Model Y. The midsize crossover has been leading the European EV sales charts for seven consecutive months, maintaining its dominance over a growing range of competitors. This steady growth illustrates not only Tesla's success but also the increasing consumer preference for electric vehicles.

As of May 2023, Europe registered some 253,000 plugin vehicles, marking a 38% year-over-year increase. Despite the overall auto market growing by 18%, the EV market share stands at a respectable 23% of total auto sales, demonstrating the market's healthy recovery following some challenging years.

In the race towards electrification, battery electric vehicles (BEVs) have been outpacing their plugin hybrid electric vehicle (PHEV) counterparts. BEVs saw a surge of 67% YoY in May, accounting for 68% of plugin registrations that month.

Against this backdrop, the Model Y continues to captivate the European market. With 21,967 registrations in May, the Model Y more than doubled the sales of its nearest competitor, the VW ID.4, a testament to its popularity among consumers. This surge in sales can be attributed to Tesla's recent price cuts and its effective supply-and-demand management, ensuring quick deliveries to eager customers. The Model Y has already reached what could be termed its "natural market limit," echoing a phenomenon previously referred to as the "Toyota Camry effect."

In Europe, Germany led the pack in Model Y registrations (4,240 units), closely followed by France (2,709), Norway (2,691), the UK (2,502 units), Sweden (1,903 units), Denmark (1,164), and the Netherlands (1,048 units).

But it isn't just the Model Y making waves in the European market. The VW ID.4 secured the runner-up spot with 8,600 registrations, and the Volvo XC40 captured third place with 8,233 registrations. Rounding up the top five were the MG4 with 6,535 registrations and the Fiat 500e with 6,347 sales.

Despite the Model Y's undeniable dominance, it's worth noting the strong performances from other models. The BMW i4 secured the #10 spot, the recently introduced BMW iX1 hit #13 with a record 4,046 registrations, and the Polestar 2 and Opel Corsa EV also had strong showings.

In the midsize segment, the Model Y led with 21,967 registrations, trailed by the BMW 3 Series (8,463 registrations) and the Mercedes C-Class (8,324 registrations). Meanwhile, the Fiat 500 is transitioning smoothly to the electric era, with 48% of its sales now coming from its EV version.

Looking at the 2023 ranking so far, the Model Y sits comfortably in first place, with three times as many deliveries as the runner-up, the Volvo XC40. The focus now turns to the remaining podium positions, where the VW ID.4, the Tesla Model 3, and the VW ID.3 are competing fiercely.

It remains to be seen how the rest of 2023 will unfold, but one thing is clear: Tesla's Model Y continues to hold the European EV crown. As the market matures and more options become available, this dominance might be tested, but for now, Tesla shows no signs of slowing down.

Tesla Inc. continues to shatter expectations, delivering approximately 18,000 more vehicles than analysts predicted in the latest quarter - a surplus of over 43,000 compared to any previous period. Having already produced over 920,500 cars in H1 2023, Tesla is confidently on track to meet its annual production target of approximately 1.8 million vehicles.

The focus now shifts to the impact of Tesla's growth-focused approach on Q2 margins and the company's plans to leverage its two workhorses, the Model Y SUV and Model 3 sedan, responsible for 97% of its total deliveries this year.

Despite being on the market for three and six years, respectively, the Model Y and Model 3 remain crowd-pleasers, topping the luxury vehicle charts globally last year. Efforts to maintain this high demand included substantial price cuts, potential access to up to $7,500 federal tax credits in the US, and attractive perks like free fast-charging.

Nevertheless, Tesla's production still outpaced sales by about 13,300 vehicles in the last quarter and by roughly 74,300 over the past year. According to Bernstein analyst Toni Sacconaghi, this could pressure Tesla to further reduce pricing and/or increase promotional activity, leading to a squeeze on margins.

Future model launches are not expected to significantly ease this pressure anytime soon. Tesla's anticipated Cybertruck, set to start production later this year, will initially have a slow production rate. Elon Musk has noted that keeping the pickup affordable will be challenging due to the new manufacturing methods it requires.

Until Tesla can ramp up production of lower-cost next-generation models – which Bernstein predicts won't occur until at least 2025 – the company will have to maximize the potential of its current star performers, the Model Y and Model 3. Work is already underway on refreshed versions of these models, dubbed Project Highland and Project Juniper, though the timelines for their readiness remain unclear.

Throughout the pandemic, Tesla's minimalist approach to its model lineup proved advantageous, helping the company navigate the supply chain disruptions. However, the limits of this strategy are being tested as Tesla continues its pursuit of growth. It's anticipated that a blend of price reductions and product revamps will be necessary to meet market expectations.

Despite these challenges, the electric vehicle titan continues to push the boundaries of innovation and growth, further solidifying its dominance in the global EV market. Tesla's performance not only signals its resilience but also underscores the vast potential that lies within its minimalist model strategy.

Tesla's Model Y is making considerable waves in Australia, as recent sales statistics show a decisive tilt in the automobile market's preferences. For the first time ever, the Tesla Model Y, an all-electric SUV, outranked the Ford Ranger, solidifying its position as Australia's top-selling passenger car, excluding utility vehicles.

In a significant shift, the Tesla Model Y's sales surged in June 2023, with 5,560 vehicles reported sold, landing it as the second most popular new car in Australia, behind only the Toyota HiLux ute. This milestone marks the first time an electric vehicle has ranked second in Australia's new-car sales charts, a clear indication of the changing tides in Australia's automobile market.

Indeed, Tesla's Model Y's sales growth seems to have surpassed expectations. In year-to-date sales, the Model Y dethroned the Toyota RAV4, registering a total of 14,002 vehicles sold compared to RAV4's 13,523 from January to June 2023. With this, the Tesla Model Y became Australia's top-selling passenger vehicle for the first time.

Tesla's growth, especially that of Model Y, contributes to a larger trend of electric vehicle (EV) adoption in Australia. The Federal Chamber of Automotive Industries reported that 11,042 electric cars were sold last month, boosted significantly by the influx of Tesla vehicles. This performance outstripped hybrid vehicle sales, which stood at 9,020, showing that EVs are increasingly preferred by Australian consumers.

Electric vehicles accounted for 8.8% of all new motor vehicle deliveries in June 2023, an increase that industry analysts believe will continue to be the norm as more electric vehicles enter the market.

Despite general industry challenges, with automotive sales in the country facing a slowdown due to rising interest rates and cost-of-living pressures, Tesla seems to be defying the odds. The EV manufacturer's impressive growth may be a signal that consumers are ready to embrace more sustainable, electric-powered transportation options.

It's clear that the future of transportation in Australia is increasingly electric. Tesla, with the Model Y at the forefront, is riding the crest of this wave. Its record-breaking sales numbers are testament to the growing acceptance and demand for electric vehicles in the country. This also underlines the need for continued investments in EV infrastructure and sustainable transport solutions.

To conclude, the rise of the Tesla Model Y in Australia is a significant development for the EV industry. The vehicle's success could pave the way for increased adoption of electric vehicles across the country, setting the stage for a greener, more sustainable future.

Lucid Motors CEO, Peter Rawlinson, who previously served as an engineer at Tesla, shared insights into the company's forthcoming plans during an interview. He specifically targeted Tesla's stronghold on the EV market, revealing plans to introduce rivals for the Tesla Model 3 and Model Y.

Rawlinson has a deep connection to Tesla, having been instrumental in the development of Tesla's first fully in-house production car, the Model S. Leveraging his extensive experience, he aims to guide Lucid in releasing models to compete directly with Tesla's successful lineup.

Lucid, which recently secured a lucrative supply deal with Aston Martin and witnessed the success of its first car, the Lucid Air, is planning to expand its own product range. The first vehicle in this expansion plan is the Gravity SUV, due for release next year, and will be followed by new models designed to compete with the Tesla Model 3 and Model Y, priced at around $48,000 to $50,000.

Beyond vehicle production, Rawlinson discussed Lucid's vision to become an 'intel inside' for the automotive industry, by licensing their EV tech to other manufacturers. This strategy could also indirectly challenge Tesla's market position, as it could accelerate the global adoption of EVs by providing advanced tech to a wider range of manufacturers.

Lucid's technology, recognized for its compact design, efficient battery usage, and power, is already in use in the Lucid Air and in all Formula E cars. Such efficiency could provide a significant edge in their planned face-off with Tesla.

In terms of mass-market EVs, Rawlinson shared a bold vision of improving efficiency to achieve 6 miles per kilowatt-hour, enabling the creation of smaller battery packs, reducing EV costs, and potentially enabling the production of a $25,000 EV. While Lucid does not intend to manufacture such a vehicle, they could provide the enabling technology, potentially opening a new front in their competition with Tesla.

In summary, Lucid Motors, under the leadership of the ex-Tesla engineer Rawlinson, is preparing to mount a significant challenge to Tesla with its forthcoming models and innovative EV technology.

The article discusses Tesla's current financial situation and its impacts on the company's future. Despite experiencing an increase in both production and sales volume, the gains were achieved through substantial price cuts, which are impacting the company's profitability.

The growth in production is noteworthy, and Tesla has succeeded in reducing inventory, an encouraging achievement from a manufacturing standpoint. However, the decline in Model S/X sales (the company's highest-margin vehicles) poses a concern.

Furthermore, these price cuts seem to be necessary for Tesla to maintain sales volume. Interestingly, these price cuts are also reflected in the used vehicle market, which has seen a decrease in Tesla used vehicle prices.

The competition is heating up in the EV market as companies like Rivian are increasing their production capabilities. Traditional car manufacturers like Ford, BMW, Honda, Hyundai, Toyota, and Stellantis are rapidly advancing their EV productions, which will put additional pressure on Tesla's margins and potentially its market share.

Despite its sales growth, Tesla's revenue and profits are expected to struggle. The company's Q1 revenue dropped by more than 5% quarter over quarter, while gross profit dropped by 17% year over year. The net income also decreased by 24% YoY, which indicates a potential decline in Tesla's profitability.

While this article paints a challenging picture for Tesla's future, it is essential to consider a few points in a pro-Tesla context:

Tesla's production and delivery growth demonstrates its efficient manufacturing and supply chain capabilities. Despite the challenges posed by price cuts, it can still increase production volume and reduce idle inventory.

Price cuts may not be solely a reflection of weak demand but could be a strategic move to gain more market share by making EVs more accessible.

The rise of competition in the EV market is a clear sign of the industry's overall growth, which Tesla pioneered. As the industry's frontrunner, Tesla's innovation, brand recognition, and extensive supercharger network set it apart.

The potential for self-driving technology is also a significant aspect of Tesla's future value. If Tesla can solve autonomous driving before its competitors, this could provide a significant competitive edge and revenue stream.

Tesla's investments in battery technology could lead to lower manufacturing costs over time and potentially reinstate some of the profitability lost due to price cuts.

Tesla Electric customers in Texas have reported earnings of as much as $150 a day by selling electricity back to the grid, taking advantage of the recent heatwaves. The program, which operates as a virtual power plant (VPP), now harnesses over 6 MW of power. Tesla Electric, launched late last year, automatically buys and sells electricity for Tesla Powerwall owners, providing a buffer against peak prices. This move is effectively transitioning Tesla into an energy retailer.

The service is currently limited to Powerwall owners in Texas but the company plans to expand its reach. It is being tested through the Aggregate Distributed Energy Resource (ADER) Pilot Project and has demonstrated substantial success during the summer heatwaves. Even though 6 MW of power capacity doesn't sound significant, it can potentially prevent brownouts in the Texas electricity market.

The Tesla Electric interface provides real-time data on earnings from the system to homeowners, thereby giving them the feel of running their own micro-electric utility. The prerequisite for this service is owning some solar power and Tesla Powerwalls.

This article is paywalled, but here is a detailed summary:

In addition to the highly-anticipated Cybertruck, Tesla appears to be planning the release of two additional vehicles, as per an official company slide presented during their Investor Day in March. This information comes at an opportune time, with Tesla’s global deliveries seeing a record-breaking 83% surge in Q2 of this year, totalling over 466,000 vehicles.

The slide teased two under-wraps vehicles accompanied by large numerical figures: 300M for a boxy-looking model and 700M for a Model 3-resembling vehicle. The speculation around these mysterious vehicles has led many to theorize the potential identities of these two models.

The boxy vehicle is speculated to be a Tesla van, an idea that has circulated since 2016 when Elon Musk suggested in a Twitter post that it would make sense to build a van off the pickup truck chassis.

As for the vehicle associated with the 700M figure, analysts and Tesla enthusiasts on Reddit believe this to be the "Model 2." The term "Model 2" is commonly used to refer to a future $25,000 vehicle that Musk hinted at in September 2020.

During Tesla's 2023 Annual Shareholder Meeting in May, Musk discussed these two upcoming vehicles. He stated that both their designs and manufacturing techniques were superior to anything currently in the industry. Musk predicted that these two new models could potentially contribute to a production output of over five million units annually. For context, Tesla delivered 1.247 million Model 3/Y in 2022.

Further into the meeting, Musk touched upon cost reductions in material and components. This includes the development of a next-generation, low-cost drive unit (which avoids the use of rare earth materials) and lower battery cell costs.

Additionally, there are rumors about a refresh of the Model 3, tentatively named 'Highland.' Reports from China’s 36kr suggest that this rear-wheel-drive Model 3 may receive a battery upgrade, utilizing CATL’s new M3P lithium iron phosphate (LFP) cells. Musk has previously advocated for LFP battery technology, stating that it will form the backbone of electrification efforts.

The refresh is also expected to incorporate several other upgrades. However, details remain under wraps for the time being.

Given the increasing momentum in Tesla's deliveries and the excitement around these future vehicles, it's an exciting time for Tesla investors and EV enthusiasts.

Harvard Business School professor Ranjay Gulati praises Tesla's revolutionary management approach in his book "Deep Purpose". Unlike many companies who tack on a purpose as an afterthought, Tesla successfully integrates its mission, goals, and workplace into a unified vision.

Here are the key points:

Purpose Integration: Tesla's mission to promote the mass adoption of electric cars for a greener planet is at the core of its operations. By integrating its mission, goals, and workplace, Tesla transcends traditional management practices and creates a strong customer following, attracts top talent, and sparks exponential innovation.

Boldness and Courage: Tesla, under the leadership of CEO Elon Musk, has set audacious goals to challenge established auto-industry giants, develop new technologies, and grow into a global corporation in less than two decades. It's worth noting that in 2020, Tesla's success caused short sellers to collectively lose $38 billion.

Exponential Innovation Through Management: At Tesla, every team member is expected to act as an entrepreneur, with the freedom to allocate budget and solve problems collaboratively. Elon Musk himself sets an example by working 100-hour weeks and solving issues on the production floor.

Promise of AI in Workplace: Tesla uses AI to empower its staff to make intelligent decisions, leading to a flatter and more agile organization. Managers focus on refining information flows and AI algorithms rather than micromanaging.

Agile Management Transformation: Tesla uses AI and algorithms to form impromptu teams, fostering a highly adaptive and agile workforce.

Sense of Urgency: Musk encourages solution-oriented thinking, creating a culture that sees problems as opportunities for improvement.

Modularity Accelerates Innovation: Tesla's modular design approach enables rapid innovation, as individual parts or software modules can be replaced without disrupting the entire system.

Power of 'Less': Musk's obsession with radical simplification leads to faster cycle times and more efficient systems. The focus is always on the necessary, removing anything that doesn't contribute to the overall mission.

Central Role of Design: Tesla's commitment to exceptional design is as crucial to its success as its technological innovations. Their visually stunning vehicles, such as the upcoming CyberTruck with 1.5 million orders already, have created a passionate customer base.

In conclusion, Tesla's purpose-driven management, relentless pursuit of innovation, empowerment of employees, and focus on design make it a unique case study not only in the auto industry but in management practices as a whole. The question remains, will other companies be able to replicate Tesla's successful approach?

Tesla's strong resurgence in China underscores the company's adaptability and the robust demand for electric vehicles (EVs). Amidst easing supply chain concerns and the fading impact of COVID-19, Tesla's deliveries from its Shanghai plant, its first manufacturing hub outside the US, shot up by nearly 20% in June to 93,680 vehicles. This surge testifies to Tesla's growing success in the world's largest EV market, despite earlier disruptions caused by a price war.

Further reflecting this positive shift, China’s Passenger Car Association (PCA) is forecasting a 30% increase for new-energy vehicles in June, even as overall car sales are expected to decline. Tesla is playing a significant role in driving this growth, along with other Chinese EV manufacturers like BYD Co., Li Auto Inc., and Guangzhou Automobile Group Co.’s Aion, who are also seeing record sales numbers.

Deutsche Bank AG analyst, Edison Yu, suggests this impressive growth in June's EV sales is likely due to some normalization in consumer behavior and a release of pent-up demand following periods of low prices. An increased delivery forecast from the PCA also seems to echo this narrative.

Tesla's commitment to the Chinese market is seen through its continuous efforts to incentivize sales, offering initiatives such as cash subsidies and preferential low interest rates on car loans to customers who choose certain insurance coverages or quick delivery.

Furthermore, Chinese consumers' sentiment towards Tesla seems to be improving, as evidenced by the warm reception of Elon Musk during his visit in May. The company's willingness to expand its business in China, despite past hurdles and criticisms, aligns with China's goal to create a better business environment for multinational companies.

Tesla's Shanghai plant, which produced more than half of the company's global output in 2022, is slated to continue playing a crucial role in the automaker's growth. This resilience, coupled with the extension of consumer tax breaks for clean cars and a campaign to promote EV adoption in rural areas, suggests a promising future for Tesla in China. The company is readying itself to produce a revamped Model 3 sedan, underlining its continuous commitment to innovation and market competition.

Overall, Tesla's rising momentum in China reflects its strategic approach and the rapidly expanding appetite for EVs in the region.

In the video, Sandy and Cory from Munro Live discuss the impact of General Motors (GM) and Ford adopting Tesla’s NACS charging ports. They believe this change will greatly boost electric vehicle (EV) adoption, as it creates a unified charging system and eliminates complications with different chargers.

Sandy and Cory liken Tesla’s charging system to owning the gas stations; all future charging session revenue would go to Tesla, putting other charging infrastructure companies at a disadvantage. They urge other automakers, like Rivian, to also adopt NACS to stay competitive.

They also highlight the practical benefits of this shift. Sandy notes that he’d be willing to buy a GM electric vehicle if it used the Tesla charging system because of the convenience it offers. They argue that adopting a unified charging system will solve problems with EVs, such as the ability to travel long distances without worrying about where to charge.

The duo criticizes other charging systems as unwieldy and impractical, praising the elegance and reliability of Tesla’s system. They suggest that companies like ABB should negotiate licensing agreements with Tesla to produce these chargers, stressing the need for a unified approach to EV charging in the United States.

Finally, they appeal to the public, stating that this shift could help unite the country and promote the wider adoption of electric vehicles.

In an effort to demonstrate the potential of electric vehicle (EV) travel, Californian couple Rick Hall and his wife are travelling across North America with a trailer hitched to their 2018 Tesla Model 3. Having logged nearly 200,000 kilometres already, they plan to continue their journey west across Canada this summer. Hall retired from a career that involved global travel and decided to embark on a North American journey in the most environmentally friendly way possible.

Hall emphasizes that EVs come with many benefits, including less maintenance than a traditional gas vehicle. He notes that costs such as engine tune-ups, timing belts, transmission oil, and engine oil are non-existent for electric cars, which makes them extremely reliable and cost-efficient in the long run.

On his travels, Hall has been particularly impressed with Newfoundland's EV infrastructure, stating that fast-charging stations are readily available about every 100 kilometres on the Trans-Canada Highway. Although Teslas require a special adapter, Hall said this has not been a problem. He's been sharing his journey on Facebook and encourages people to ask questions about his experiences, hoping to promote the use of EVs as a step toward preserving the Earth and slowing down climate change.

A report by the NHTSA claims that instances of sudden unintended acceleration (SUA) in Tesla vehicles are real and not solely driver error, but this should be taken with a healthy amount of skepticism. The document suggests that fluctuations in Tesla's low-voltage system can be misinterpreted as full acceleration commands due to a suspected fault in the vehicle's inverter design. A high current demand from the steering assist system, powered by the 12-volt system, could cause a drop in voltage, which, if coinciding with a recalibration, may result in a faulty calibration equivalent to maximum acceleration. However, this theory has only been substantiated by open-source research on Tesla Model 3's inverter design and deliberate experimentation. Additionally, the researchers' proposed solutions to the issue - adding a second 12-volt supply line or adjusting the calibration routine software - seem overly simplistic and warrant further scrutiny. The report claims this issue affects all Tesla models, yet provides little direct evidence to substantiate this broad claim.

This video explores the condition and longevity of a Tesla Model 3 that has covered 200,000 miles. The owner is an Uber driver, who drives the car extensively, but the vehicle is found to be in very good shape despite its high mileage.

The video examines various aspects of the car's condition. The Tesla's interior is in excellent condition, including the original seats, which show no signs of wear. The software and systems all function as they should, including the automatic seat sensor, which had to be replaced once due to a fault. There are minor exterior damages, including paint peel on the wheel arches and a damaged side mirror, which are not covered under the warranty. The host also notes some usual wear and tear, including a clicking noise in the door hinge.

The car's battery health is at 88.1%, even after almost 200,000 miles. The host calculates that if the battery continues to degrade at its current rate, it would still have around 76% capacity at 400,000 miles.

In terms of maintenance, the car has required replacement of some parts like anti-roll bar drop links and top control arms, but the total cost, excluding tires, has been £808. The host also changed an amplifier for the subwoofer, which cost £120.

Despite the high mileage, the car drives as expected of a Tesla Model 3. It is a performance model and maintains its quick acceleration and speed. Additionally, the owner has saved on fuel costs, reducing CO2 emissions by six tons compared to a conventional internal combustion car.

The host concludes by stating that he would not hesitate to buy this car at the estimated cost of £15,000, given its condition, performance, and savings in fuel and maintenance. He highlights how owning such a car can save costs and minimize the need for frequent replacements associated with conventional vehicles, particularly at higher mileages.