Elon Musk, already the world’s richest man, is now on the path to becoming its first trillionaire. Tesla’s shareholders recently approved a massive pay package for the CEO, including some $1 trillion in stock options. But the payout will happen only if certain targets are met—including Musk’s successful deployment of 1 million Optimus robots.
Elon Musk still makes some of America’s best electric cars. Earlier this summer, I rented a brand-new, updated Tesla Model Y, the first refresh to the electric SUV since it debuted, in 2020. Compared with even just two years ago, when the Model Y became the world’s best-selling car, many companies make great EVs now. Some of them have the Model Y beat in certain areas, but for the price, the Tesla is still the total package.
Last year, Ford CEO Jim Farley commuted in a car that wasn’t made by his own company. In an effort to scope out the competition, Farley spent six months driving around in a Xiaomi SU7. The Chinese-made electric sedan is one of the world’s most impressive cars: It can accelerate faster than many Porsches, has a giant touch screen that lets you turn off the lights at your house, and comes with a built-in AI assistant—all for roughly $30,000 in China.
Hyundai has a lot riding on a patch of rural Georgia. In October, the South Korean auto giant opened a new electric-vehicle factory west of Savannah at the eye-watering cost of $7.6 billion. It’s the largest economic-development project in the state’s history (one that prompted the Georgia statehouse to pass a resolution recognizing “Hyundai Day”).
Representative Elissa Slotkin, a Michigan Democrat in a tight race for a Senate seat, has been on the defensive about a manufacturing renaissance happening in her own backyard.
Thanks to incentives that President Joe Biden’s administration has championed in the Inflation Reduction Act and other legislation, Michigan alone could see 50,000 or more new jobs by 2030 brought on by the boom in electric vehicles.
When a group of German hackers breached a Tesla, they weren’t out to remotely seize control of the car. They weren’t trying to access the owner’s WiFi passwords, nor did they want a way to steal credit-card numbers from a local electric-vehicle charging network.Their target was its heated seats.The Tesla in question was equipped with heated rear seats, but the feature is hidden behind a paywall and activated only after the driver forks over $300. To get around that, three Ph.D.
When you first drive a Tesla, there’s a moment when you just get it. For me, it was cruising around Detroit in a Model S about seven years ago and feeling that instant, supercar-crushing speed without the engine roar that usually accompanies it. Instead of an array of dials and buttons, I worked its controls through a giant touch screen, and used its Autopilot system to help with the monotony of long highway drives.