Matt Pressman is all about Tesla. He’s a TSLA investor, pre-ordered the Model 3, and loves driving the family's Model S and Model X company cars. As co-founder of EVANNEX, a family business specializing in aftermarket Tesla accessories, he’s served as a contributor/editor of Electric Vehicle University (EVU) and the Owning Model S and Getting Ready for Model 3 books. He writes daily about Tesla and you can follow his work on the EVANNEX blog.
May 20th, 2018 | by Matt Pressman
If you listen to Tesla's quarterly earnings conference calls, you've likely heard the voice of Deepak Ahuja, the company's CFO, answering questions. Deepak typically provides a calm, soft-spoken counterpoint to company CEO Elon Musk. He's also got a fascinating history at Tesla
May 18th, 2018 | by Matt Pressman
It's easy to get hoodwinked by recent reports surrounding Tesla. Is Elon Musk really in dire straits based on such an abundance of negative Tesla press? Motley Fool's Daniel Sparks argues that, while there "are items that might look like good reasons to be skeptical ... one facet of Tesla's business investors shouldn't be concerned about is Model 3 demand." To that end, Sparks lays out "seven reasons investors shouldn't worry about demand for Model 3."
May 16th, 2018 | by Matt Pressman
The success of Tesla (TSLA) is proof-positive that the investment community believes electric cars could be the future. Now there's another sign that EVs are gaining traction on Wall Street. Global X has dedicated an exchange-traded fund to lithium and battery tech (LIT). And the company just added another exchange-traded fund dedicated to autonomous and electric vehicles (DRIV)
May 14th, 2018 | by Matt Pressman
Tesla's board recently approved one of the largest (and most talked about) CEO compensation packages in history. While much has been written about Elon Musk's milestone-based, decade-long pay package, Harvard Business Review's George Serafeim argues, "Elon Musk’s unusual compensation plan isn’t really about compensation at all."
May 13th, 2018 | by Matt Pressman
Sure, the Tesla Model S can hold its own on the race track. But can it haul ... umm, the kids? Nedahl Stelio at Australia's Cars Guide "was interested to see how the Model S would stack up for a family. Can the quiet achiever live up to its smooth reputation, and justify it's not insubstantial price tag?" Stelio spent a full week in a Model S 75D with her family of four to find out
May 12th, 2018 | by Matt Pressman
Once seen as the domain of tech geeks and tree huggers, electric cars have transformed into the new, must-have accessory for the rich and famous. Hannah Elliott reports (via Bloomberg), "When marketing luxury vehicles, ‘electric’ is no longer a bad word... feeling good about your car is the new feeling cool about your car."
May 11th, 2018 | by Matt Pressman
After Tesla's latest quarterly earnings call in which Elon Musk turned his back on Wall Street analysts in favor of questions from a 25-year old YouTuber, analysts are turning their back on Tesla's CEO. Almost across the board, analysts disliked Musk's comments (or lack thereof) on Tesla's recent earnings call. There is one outlier, though — New Street Research's Pierre Ferragu
May 10th, 2018 | by Matt Pressman
Once considered an inconsequential niche in the automotive market, electric vehicles are becoming more widespread. And it's not just all the new plug-in options available today — EV batteries and charging stations are also proliferating around the globe. To that end, some tell-tale charts (recently published via Statista) demonstrate the trajectory of the electric vehicle movement and who might be best positioned to win the EV race in the coming years
May 10th, 2018 | by Matt Pressman
Top Gear has had a rocky past with Tesla. However, when given the chance to review the Model 3, Top Gear reports, "Everything Tesla has done up to this point has been building towards the Model 3 ... and it's been worth it." Why? It turns out, "There’s a refreshing simplicity to the proposition and a frisson of excitement inside and outside the car, wherever it goes."
May 6th, 2018 | by Matt Pressman
Looking at the recent roundup of press surrounding Tesla's Model 3, it's clear that the car is making waves. "The most exciting vehicle on the market isn’t a million-dollar supercar, a broad-shouldered truck, or a seven-passenger SUV," Miles Branman writes (via Digital Trends). "No, the car the world can’t wait to drive is an all-electric sedan from a startup automaker called Tesla."
May 1st, 2018 | by Matt Pressman
Looking at the roundup of recent press from the automotive media, it's clear that the Tesla Model 3 is making an impression. Recently, John Beltz Snyder at Autoblog got his chance to test drive the Model 3 and provide a critique of the much-anticipated car. In short, he calls the Model 3 "a super entertaining daily driver that offers quiet quickness in an efficient, stylish and practical package."
April 29th, 2018 | by Matt Pressman
In Australia, one company is celebrating an important electric vehicle milestone. "An Australian limousine service has become the first to clock up more than 1 million kilometers with a fleet of Tesla electric vehicles," Joshua Dowling reports (via news.com.au). "Starting with just one Tesla sedan in 2015 the limousine start-up now has a fleet of eight vehicles that have traveled the equivalent of more than 25 laps around the earth."
April 28th, 2018 | by Matt Pressman
For those interested in Tesla, there are valuable lessons to be learned from Toyota's history. Whitelaw Reid (via UVA Today) turns his attention to the Toyota Prius case study. Why? The history of Toyota's Prius may uncover tell-tale clues about the electric vehicle future and, in particular, Tesla. He notes, "Two decades ago, Toyota's Prius sedan rolled out of factories and into Japanese showrooms, becoming the first mass-produced gasoline/electric hybrid in an automotive landscape dominated by internal-combustion fuel engines."
April 1st, 2018 | by Matt Pressman
The special "Armor Glass" on Tesla's Semi truck is a breakthrough that you can't ... ummm, break through. During Elon Musk's Tesla Semi announcement, he noted that the Semi's glass will be completely impact resistant. This is critical as semi trucks suffer from broken windshields about once every year. This, in turn, forces the truck out of service for valuable periods of time
March 31st, 2018 | by Matt Pressman
Whether it's reinventing windshield glass or engineering superhero robots, Tesla factory workers do things differently. Business Insider sat down with staff at Tesla's factory in Fremont to learn more about what's really happening inside the game-changing company
March 25th, 2018 | by Matt Pressman
As self-driving cars move closer and closer to reality, one particular market stands to benefit — autonomous taxis (aka robotaxis). Tasha Keeny from Ark Invest recently evaluated the players who'd likely benefit from this massive market opportunity. Keeney writes, "Autonomous vehicles will transform personal mobility ... reap[ing] the benefits of a new market which promises to ramp from essentially $0 now to $10 trillion in global gross annual revenues by 2030."
March 24th, 2018 | by Matt Pressman
Automobile magazine recently awarded the Tesla Model 3 "2018 Design of the Year," calling the car "simple and straightforward, perfectly proportioned with minimal extraneous detailing." The magazine goes on, "It has all been done with unmistakably good taste. ... We have the impression that the studied simplicity of both interior and exterior will let this car age extremely well, that in 10 years it will still look contemporary and beautifully understated."
March 24th, 2018 | by Matt Pressman
The way we think about gas stations is about to change. As the world transitions to electric vehicles, the sneakerheads at Reebok have completely reimagined the gas pump experience altogether. Reebok announces that, "more cars are relying on electricity instead of gasoline for energy. ... So what do you do with all of those perfectly-placed fuel stations in every community? Turn them into fuel for our bodies instead."
March 24th, 2018 | by Matt Pressman
After last month's jaw-dropping spectacle from SpaceX, many are asking: what's the real reason Elon Musk chose to send a Tesla Roadster into outer space on his almighty Falcon Heavy rocket
March 21st, 2018 | by Matt Pressman
When will that "lightbulb moment" happen with the car-buying public? When will they pivot en masse from fossil fuel powered cars to electric vehicles? Australia's chief scientist, Alan Finkel, owns two electric cars and says, "You just touch the accelerator and the car responds, whereas in a petrol car there is a lag of two-tenths of a second. ... There is something magical about the responsiveness of it." And it's not just EV performance that's so compelling
March 20th, 2018 | by Matt Pressman
Having taken delivery of his Tesla Model 3, our founder (and Dad) Roger Pressman decided it was worthwhile to show off the car locally here at the EVANNEX offices in South Florida. Even with the Model 3 currently on display at a local Miami store, RSVPs came flooding in via Tesla Owners Florida (special thanks to Club President Larry Chanin). But it wasn't just the Model 3 that would be at this marquee event
March 18th, 2018 | by Matt Pressman
At EVANNEX, we specialize in designing and developing unique accessories for Tesla owners, and there’s no accessory that is more unique than a custom-designed carbon fiber spoiler. In this blog post and the accompanying video, we’re going to walk you through the design, development, and prototyping process that is required to produce an American-made, high-quality spoiler for Model 3. If you’ve ever wondered how spoilers are created, I think you’ll find our journey interesting
March 18th, 2018 | by Matt Pressman
There have been some impressive stories of off-road adventures in the Tesla Model X. But this off-road challenge was especially daunting. A Model X owner planned to cover (as a photographer) the Adventure Racing World Championships through 500 miles of wilderness in Wyoming. However, he was cautioned against it
March 17th, 2018 | by Matt Pressman
Getting a coveted job at Tesla isn't easy. Elon Musk once said, "if you're at Tesla, you're choosing to be at the equivalent of Special Forces. There's the regular Army, and that's fine, but if you are working at Tesla, you're choosing to step up your game." You'd think statements like this would keep job applicants away. Not so much
March 16th, 2018 | by Matt Pressman
One of the most famed Apple analysts, Gene Munster, has recently turned his attention to Tesla. Munster's firm, Loup Ventures, "surveyed 519 people in the U.S. regarding interest in buying a Tesla Model 3 ... [and] found a surprisingly high number (17%) of people would buy a Model 3 at $40,000. Even if this survey is off by 3x, the results still imply significant market share gains are in store for Tesla given their current U.S. unit market share is below 0.5%."
