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About Matt Pressman

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.

Author Archives: Matt Pressman

Eventually, Joe Schmo Will Have His Electric Car “Lightbulb Moment”

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

Hundreds Come Out For Tesla Model 3 Event In South Florida (Video)

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

Tesla Model 3 Carbon Fiber Spoiler Design & Production (Part 1)

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

Tesla Model X Wandering Wyoming Wilderness (Video)

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

Nearly 500,000 Resumes & Applications For 2,500 Tesla Job Openings In 2017

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

Gene Munster & Loup Ventures Expect Tesla Market Share To Triple To 1.5% Soon, Rise To 17% In 10 Years (USA)

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%."

Tesla Model 3 Profit Target = 5x Higher Than Average Ford Vehicle

March 12th, 2018 | by Matt Pressman

It's remarkable that Tesla rocketed from its IPO to surpassing Ford in value in just 7 years. Tesla's prowess on Wall Street has left many investors miffed. After all, Ford recently announced 2017 sales of over 6.6 million cars worldwide. Meanwhile, Tesla barely cracked sales of 100,000 cars. How could an industry behemoth like Ford be overtaken by this younger, smaller Silicon Valley startup

Will Tesla Model 3 Lead Market Segment Like Tesla Model S Does?

March 11th, 2018 | by Matt Pressman

Recently famed Apple analyst Gene Munster predicted market share gains ahead for Tesla based on a survey executed by his firm Loup Ventures. It turns out there are other indicators that point to market share gains down the line for Tesla. With so much riding on the success of Model 3, Seeking Alpha's Victor Dergunov remains convinced that a stock "breakout appears imminent ... and new all-time highs [are] very likely" for Tesla.

Electrifying Transport Is Green Here, Greener There, & Green As Kermit The Frog In Norway Or With A Solar Roof

March 10th, 2018 | by Matt Pressman

There's an important caveat with electric cars. Although electric vehicles have zero tailpipe emissions, they draw their power from a wide variety of energy sources. Bloomberg reports, "Trading in your gasoline-guzzling car for an electric vehicle is a lot like shifting the emissions ... [as] EVs run off electricity, and that electricity" can come from both clean and dirty energy sources

Tesla Model 3 Impressions From The Mainstream Media

March 10th, 2018 | by Matt Pressman

The Model 3 has been a difficult car to get your hands on — and Tesla hasn't been actively releasing its cars (for review) to the media until recently. However, the first media outlets, mostly automotive press, seemed to be quite taken with the Model 3. Now, mainstream media outlets are beginning to review Tesla's lower-cost option. So, what's the consensus? Let's take a look

Watch “Dirty Money” On Netflix — VW’s Dieselgate Worse Than You Think

March 9th, 2018 | by Matt Pressman

Netflix has a new series, Dirty Money, and its first episode, "Hard NOx" from Director Alex Gibney, is disturbing. Why should this be of interest to Tesla fans? Because it shows the lengths to which legacy automakers will work to maintain a fossil fuel future. You might've read something about Volkswagen, the world's biggest automaker, embroiled in an ever-expanding Dieselgate crisis. But, as bad as it is, it's actually far worse than many suspected

Elon Musk’s Obsessive Investment In The Future (Infographic)

February 18th, 2018 | by Matt Pressman

If there is any one entrepreneur today that embodies the future, it's Elon Musk. According to Valuewalk, this "self-made billionaire Elon Musk can seemingly do it all. At just 46, the entrepreneur has launched a number of successful companies, including Tesla, SpaceX, PayPal, and the Boring Company and is now worth over an astonishing $20 billion."

“Dream Car” For Millennials & Men = Tesla Model S (Infographic)

February 11th, 2018 | by Matt Pressman

The Tesla Model S has won its share of awards and accolades since its launch in 2012. Sure, critics seem to love Tesla's flagship sedan but what about Joe Public? According to a new survey of 2,000 of American-based car owners, both millennials and men chose the Tesla Model S as their top "dream car" pick. But that's not all — the Tesla Model S was also chosen as "dream car" in a variety of other segments as well

Marie Claire Gives Tesla Model X Glowing Review (+ Video)

February 11th, 2018 | by Matt Pressman

The Tesla Model X has been winning some impressive awards and accolades lately. But is the all-electric SUV really the ultimate unicorn — a futuristic family car for the fashionista? Nedahl Stelio attempted to answer this question when she recently reviewed the Tesla Model X for fashion magazine Marie Claire

8 Industries Mr. Elon Musk Is Trying To Transform (Infographic)

February 10th, 2018 | by Matt Pressman

In this modern-day David and Goliath battle (multiplied by eight), one man is trying to take down a bevy of behemoth industries. CB Insights reports, "Elon Musk thinks and acts on a larger, more cosmic scale than we’re accustomed to... His main projects take on almost every major industry and global problem conceivable, and imagine a disruptive fundamental rewiring of that space or sector."

GM Not Trying To Woo Tesla Model 3 Reservation Holders With Chevy Bolt

February 10th, 2018 | by Matt Pressman

Although Tesla finished the year with record sales, it's gotten off to a slow start with the Model 3. With a 455,000-person wait list, a lengthy wait lies ahead for plenty of Model 3 reservation holders. Automotive News reports, "That leaves an opening for other EV makers, such as Chevy, to woo away Tesla customers. But it's not an opening Chevy plans on openly exploiting, the company said."

For Elon Musk, Dreams > Risk. Should We All Dream & Risk More?

February 9th, 2018 | by Matt Pressman

Much has been written about Elon Musk's use of the scientific method and first principles thinking. Oftentimes, Musk is pigeon-holed as a hyper-logical, robotic decision maker. Not true. It's a misperception that doesn't align with Musk's real-world experience at his companies, SpaceX and Tesla. In contrast, Elon Musk displays a boldly wild imagination and high tolerance for risk

Automotive Media Is Loving The Tesla Model 3

February 6th, 2018 | by Matt Pressman

With Model 3 deliveries becoming a bit more common, media outlets are finally getting their hands on Tesla's most-anticipated car. Back in July, Motor Trend called it "the most important car of the century" in Model 3's one-and-only published review. Since then, Tesla hasn't been releasing test cars to the press. Automotive journalists (like reservation holders) have been anxiously awaiting an opportunity to step on the gas... uh, I mean accelerator

Cost of Driving Electric Cars <50% Cost of Driving Gas Cars (US Average)

February 5th, 2018 | by Matt Pressman

A common misconception is that electric cars are more expensive than their internal combustion engine equivalents. When looking at the total cost of ownership, this just isn't the case. Furthermore, Forbes reports: "Electric vehicles cost less than half as much to operate as their gasoline-powered counterparts, according to a study of fuel costs released Thursday by the University of Michigan."

Tesla [TSLA] Short Sellers Have Lost $1 Billion In 2018

February 1st, 2018 | by Matt Pressman

Tesla [NASDAQ: TSLA] has been confounding Wall Street's naysayers for years, and 2018 has not departed from that trend. According to Schaeffer's Investment Research, "Tesla stock was trading near its highest levels since late October earlier — topping out at $349 — after JPM reported on the company's private investor meeting at the Detroit Auto Show. The brokerage firm said TSLA's head of investment relations indicated Model 3 production will reach 1,000 cars per week this month — an increase from fourth-quarter numbers, with the recent bottleneck issues resolved." [Update: Tesla stock is currently at $

Tesla Model 3 vs Tesla Model S (Video)

November 16th, 2017 | by Matt Pressman

We've seen a handful of Tesla Model 3 review videos floating around — including an excellent hour-long, deep dive into the car's features by our friends at Model 3 Owners Club. That said, we just got a chance to conduct an in-depth evaluation of Model 3 for ourselves. It's a fascinating car, and in our view, will come to dominate the mid-sized sedan segment over the next few years. 

Foo Fighters’ Dave Grohl Loves Ludicrous Mode In His Tesla Model S P100D

October 8th, 2017 | by Matt Pressman

The latest issue of iconic music magazine Rolling Stone features Foo Fighters' Dave Grohl on its cover. Rolling Stone's exclusive interview with Grohl starts off in the following setting: "We hop into Grohl's Tesla, a $140,000 spaceship with Sonic Youth on the stereo, and he heads down the hill, drumming on the steering wheel the entire way."

3 Reasons To Expect Healthy Margins For The Tesla Model 3

October 8th, 2017 | by Matt Pressman

Three unique factors are at play for Tesla: low battery costs, high option uptake, and production efficiencies. Let's take a look at these three determining factors that could impact gross margin for Tesla's Model

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