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Author Archives: Matt Pressman

Big Auto Has A Problem: Evolve Too Slowly Or Cannibalize Cash Cows

November 8th, 2018 | by Matt Pressman

Legacy automakers have a dilemma on their hands. Transitioning to electric cars is hard. A few German automakers have calmly voiced their concerns. Others have resorted to all-out whining. So what about Big Auto in America? To get some perspective, Seeking Alpha's Scott Morton takes a look at GM's vexing EV challenges as the company tries to face off with Elon Musk on Tesla's turf

Not A Fan Of Saudi Arabia’s Anti-Democratic Policies? Drive Electric!

November 7th, 2018 | by Matt Pressman

If there was ever a time to reconsider your gasmobile, it's now. According to Paul Rauber (via Sierra Club), "The grisly apparent murder of Washington Post columnist Jamal Khashoggi in the Saudi embassy in Istanbul by a hit squad linked to Saudi crown prince Mohammad bin Salman has led many to try to distance themselves from the autocratic kingdom. That will not be easy for U.S. drivers of fossil fuel vehicles, however, because Saudi Arabia is still a major supplier of oil to the United States."

Teslas That ♥ Halloween

November 4th, 2018 | by Matt Pressman

Happy Halloween! Following this year's Halloween, we'd like to bring you a fun gallery of Tesla owners who've shown off their love for the company (and the cars) during the devilish holiday. Check out how some Tesla owners celebrated Halloween

Will German Automakers Survive iPhone Moment For Cars (aka The Tesla Effect)?

November 4th, 2018 | by Matt Pressman

While excitement grows for electric cars, questions remain. Patrick McGee writes (via Financial Times), "Can Germany survive the ‘iPhone moment’ for cars? The country’s profitable carmakers are being hit quicker than expected by the adoption of electric vehicles ... some question whether Das Auto will survive such an industry transformation."

5 Points & 4 Charts To Check Andrew Left’s U-Turn From Tesla Bear To Tesla Bull

October 26th, 2018 | by Matt Pressman

One of Wall Street's most famous short sellers, Andrew Left of Citron Research, has been trying to make a mockery of Tesla for years. Five years ago Left crowed, "By the time this [Model 3] product is even approaching market, there will be multiple other 200-mile range plug-ins that have been out for years." In turn, Left bet heavily against Tesla — sure that the electric automaker was doomed. Then, it all changed

Hollywood Promoting Electric Cars, Sustainability

October 20th, 2018 | by Matt Pressman

Tesla's cars have become popular with many of Hollywood's biggest stars. But more recently, many of those who are behind the scenes on today's television and movie sets are embracing the electric car and clean energy.

10 Reviews Of Tesla Model 3 Performance

October 16th, 2018 | by Matt Pressman

Should you settle for a lower-priced Model 3 or splurge on the souped-up "Performance" version of Tesla's newest sedan? The reviews, thus far, have been enticing. Media outlets ranging from Top Gear to the Wall Street Journal have come away impressed. Check out this latest round-up of Model 3 Performance reviews to consider if this top-end model might be right for you

BMW Board Member In Denial About EV Revolution (Yikes)

October 15th, 2018 | by Matt Pressman

As we recently reported, Klaus Frölich, BMW's board member in charge of development, recently opened up about the company's "nightmare" related to electric vehicles — he contends EV costs will "never" get to a level commensurate with the internal combustion engine. Tim Nicholson (via Go Auto) delved a bit deeper with Frölich at this year's Paris Motor Show. In the interview, Frölich provides his thoughts surrounding the future of electric vehicles, diesel, and self-driving cars

Car & Driver: Tesla Model X 100D Is “Fresh, Digitized, & Futuristic”

October 15th, 2018 | by Matt Pressman

With all the attention focused on Tesla's Model 3 these days, it's hard to remember that Tesla's SUV, its Model X, is still considered an industry game changer. Steve Siler (via Car and Driver) recently got a chance to review the 2018 Tesla Model X 100D, noting that its many fun features "contribute to a character that can be described as fresh, digitized, and futuristic ... a car that offers plenty of novelty."

EV Exponential Growth Just Beginning

October 13th, 2018 | by Matt Pressman

Electric vehicle naysayers often seem to visualize technological change proceeding at a slow and stately pace, ignoring the accelerating trends that are driving EV adoption. But as any mathematician will tell you, exponential growth is a powerful thing, and there are several reasons to believe that electrification is nearing the upward curve in the proverbial hockey stick

Yikes, BMW Board Member Doesn’t Inspire Confidence In BMW

October 9th, 2018 | by Matt Pressman

Over half a century ago, the auto industry fought against seat belts. Then, in the 1970s, they fought against smog regulations because of expensive catalytic converters. They also opposed other safety standards, like airbags. Today, legacy automakers cling to diesel and fight against reducing emissions. The latest target of their displeasure and dismay? Well, it's obvious — they complain about a transition to electric vehicles

Big Auto Keeps Complaining About How Hard Going Electric Is For Them

October 6th, 2018 | by Matt Pressman

Legacy automakers have been hyping a future where they'll finally electrify their fleet. Now, however, it appears they're a bit reticent to do so. Volkswagen's CEO, Herbert Diess, recently said, "The burden for our company, such as the cost of bringing to market electric cars, will be higher than expected. ... This is particularly so since some of our competitors have been making more progress.”

Chris Collins & James Francis Put Perspective Into Elon Musk & Tesla Story

September 30th, 2018 | by Matt Pressman

The media appears to enjoy bashing Tesla and Elon Musk right now. It's like someone invited the press to a "troll-a-thon" gone wild — journalists just can't stop themselves. James Francis (via Tech Central) gives some examples: "Elon Musk is out of control! We need to take him away from Tesla! He needs to be reined in! Please, will someone think of the shareholders?"

Forbes: Electric Cars = The Future, Gasmobile Killers

September 28th, 2018 | by Matt Pressman

Are the days of the gas guzzler numbered? Tom Raftery (via Forbes) says there are "seven reasons why the internal combustion engine is a dead man walking." He explains, "Electric cars are the future. The transition has just begun, but the move from ICE vehicles to electric will happen sooner and more quickly than most people suspect." Here's why... 

Tesla Dominating AAA Ratings

September 28th, 2018 | by Matt Pressman

If you're looking for a green car, look no further than a Tesla. Dawn White (via Penn Live) spoke with Rashmi Shah at a Tesla Supercharger station about his new Model 3. "I love it," Shah said. "I bought it mainly because I want to be good to the environment. I also save on gas, and it's a really smooth ride."

“The Fixer” — Tesla’s New President

September 22nd, 2018 | by Matt Pressman

Both Tesla fanboys and TSLA shorts seem to agree on one thing — Elon Musk could use some rest. He, however, disagrees. Nevertheless, many were relieved when Musk recently announced that "Jerome Guillen has been promoted to President, Automotive ... [in order to] oversee all automotive operations and program management, as well as coordinate our extensive automotive supply chain."

In Germany, E-Mobility Startups Are Filling The Gaps

September 22nd, 2018 | by Matt Pressman

Last month, another remarkable milestone came to fruition for the Silicon Valley Automaker. Eric Loveday reports (via InsideEVs), "It’s hard to believe it, but indeed it’s true. In the month of August, the Tesla Model 3 alone outsold all passenger cars from BMW." Meanwhile, in Germany, legacy automakers are struggling to develop a cohesive strategy for their fledgling electric vehicle programs

Kimbal Musk Chats Elon Musk, Tesla, & Building A Mission-Driven Business

September 16th, 2018 | by Matt Pressman

Elon Musk's brother, Kimbal Musk, provides a unique outlook on the family ethos. Make no mistake, the Musk brothers are quite close. It turns out that Kimbal began "working with Elon to create Zip2 and PayPal. He also sits on the boards of Tesla, SpaceX and Chipotle." Most recently, Kimbal has tried his own hand in building businesses including, "The Kitchen Restaurant Group and the non-profit Big Green."

National Drive Electric Week — Teeming With Teslas (Gallery)

September 15th, 2018 | by Matt Pressman

National Drive Electric Week (NDEW) runs from September 8th—16th this year and serves as a nationwide celebration to heighten awareness around electric cars. There were over 300 events scheduled all across the US, Canada, and New Zealand this year. After speaking with EV owners all across the US — it's official, NDEW events are teeming with Teslas!

Betting On Elon Musk Means Betting On Rapid Trial & Error — Volkswagen Wanted In

September 6th, 2018 | by Matt Pressman

With unparalleled fame and attention for a CEO, the spotlight is getting brighter for Tesla's Elon Musk. His decision (and subsequent reversal) to take Tesla private, has only heightened the glare. One pivotal reason Musk backed off his bid to go private was reported by the Wall Street Journal, "It might mean allowing competitors inside his tent—one of the investors his bankers had lined up was Volkswagen AG, people familiar with the matter said."

In Which US City Is It Least Expensive To Drive An Electric Car?

September 1st, 2018 | by Matt Pressman

Sure, charging a Tesla is cheaper than filling the gas tank of a BMW. However, that savings can vary depending on where you live. Jim Gorzelany (via Forbes) reports, "Just as the price of gasoline varies from one part of the country to another, so too does the cost of running an electric vehicle."

Tesla “Leaves The ‘Experts’ Confused And Struggling”

August 17th, 2018 | by Matt Pressman

As the saga to take Tesla private continues to play out, Elon Musk continues to befuddle so-called 'experts' on Wall Street. Both Musk and his electric car company, Tesla, don't fit neatly into their narratives. Inc.'s Geoffrey James says, "I've been working in business journalism for over 20 years and I've never seen any high tech leader who creates such a polarized reaction as Elon Musk." 

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