When It Comes to Tech, Lucid Motors Seems to Have Tesla Beat

The Age of Electric Vehicles

While Tesla is the most recognized name in electric vehicles (EV), it isn’t the only one. Tesla’s pursuit of a cheaper, cleaner, and more sustainable form of transportation has a proven popularity. With this comes natural competition among electric automakers that leaves consumers and the Earth with a net positive.

Enter Lucid Motors, a California-based electric vehicle company that has developed a new electric car known as the Air. While the most affordable version of the Air is still more expensive than upcoming Model 3 at $52,500, Mashable’s Ray Wong says that the vehicle “has been billed by many as a Tesla “killer” that’s more high tech and luxurious than the Model S,” adding, “it felt more like being in a private jet or in a first-class plane cabin than in a road vehicle.” Even the former Chief Engineer on the Model S, Peter Rawlinson, agrees.

All Electric Cars: What’s My Range? [INFOGRAPHIC]
Click to View Full Infographic

Rawlinson, the current Chief Technology Officer at Lucid Motors, says that the sculpted battery on the Air provides passengers with far more space than what any Tesla vehicle is able to provide. Some features of the $100,000 fully-loaded Air include: a 1,000 horsepower all-wheel drive twin-motor, a battery that lasts 400 miles, reclining backseats, and front seats that provide a massage. The basic Air will have a 400-horsepower rear-wheel drive single motor and a battery that lasts 240 miles. All models will allow drivers to activate level 4 or 5 autonomous driving, have touchscreens instead of an instrument panel, voice assistant/AI, and facial recognition.

The Benefits of EVs

While luxury cars have led the EV charge (pun intended), more options are gradually becoming available from many other automakers so that everyone can be a part of the electric vehicle solution.

As more choices become available, consumers have the opportunity to find an EV that falls in their price range while meeting their own personal standards. All EVs today do come with certain benefits, such as home recharging, low-cost operation, reduced emissions, and a very quiet, smooth ride. The vehicles could also save the United States billions of dollars in healthcare costs. As more consumers jump on the EV bandwagon, we will see costs go down while a greener thumbprint across the globe emerges.

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Elon Musk: 100 Tesla Gigafactories Could Power the Entire World

The Gigafactory

The Tesla Gigafactory produces lithium ion batteries, supporting the Tesla vehicles and providing low-cost batteries using alternative energy sources. And, in a recent video, CEO and founder Elon Musk was actually quoted as saying:

“We actually did the calculations to figure out what it would take to transition the whole world to sustainable energy. You’d need 100 Gigafactories.”

Leonardo DiCaprio met with Musk at the Gigafactory this past year to discuss renewable resources and the future of energy as it relates to climate change. Leo is no stranger to discussions about alternative energy and climate change. In fact, he recently used his first Oscar acceptance speech as an opportunity to discuss the grave realities of our changing climate and warming planet.

One main goal of the Gigafactory is to reach and maintain net zero energy. A leader in advancement and innovation, they claim that “By 2018, the Gigafactory will reach full capacity and produce more lithium ion batteries annually than were produced worldwide in 2013.” The Gigafactory also aims to continue to drive down the price of these batteries, financially incentivizing the use of alternative energy sources.

As Leo enters the factory, he is struck by the sleek efficiency, exclaiming, “Holy crap, that’s a good robot.” He and Musk continue on, with Musk emphasizing that “the sooner we can take action, the less harm will result,” in regards to man-made climate change.

Battery Life

As put simply by Musk in the video, “the sun doesn’t shine all the time, so you’ve got to store it in a battery.” And, if we are able to shift more completely towards alternative and renewable energy sources, Musk claims that, “you could avoid building electricity plants at all.”

When some people think about alternative energy, they think of outdated, bulky solar panels that lack efficiency and are a massive financial drain. However, alternative energy technology is far beyond that. As the realities of climate change set in, it is becoming more and more obvious that we cannot wait. We cannot go another ten years using fossil fuels at the rate that we currently do and not experience the effects.

Renewable Energy Sources Of The Future [Infographic]
Click to View Full Infographic

Solar cells are more efficient than ever. In fact, inspired by photosynthesis, researchers recently combined the principles of quantum physics and biology to drastically improve current solar capabilities. Solar cells are no longer even necessary to capture solar energy, as scientists have created a synthetic leaf that does just that, while converting carbon dioxide into carbon monoxide.

There is no question: alternative energy is the future. We will not progress without it, and, as recent advancements have shown, it is becoming a more possible and powerful option with each passing day. If Musk is right, and these low-cost, green batteries could help to support a future where alternative energy is the majority, then his Gigafactory could be one of many steps in the right direction.

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Elon Musk Finally Announced a Release Date for the Model 3

Word just came straight from Elon Musk himself: Tesla will unveil the production version of the Model 3 in July.

It will be the third and final part of the unveiling for the highly anticipated mass market Tesla vehicle, and this is the first time the Tesla CEO has announced a definitive month for its arrival. His announcement came as a reply to an inquiry made on Twitter.

Demand for Tesla’s mass market model has been unprecedented. The Model 3 is priced at $35,000 before tax incentives and will have a range of at least 346 kilometers (215 miles) per charge. Right now, around 400,000 people have signed up for pre-order, prompting Tesla to set ambitious production targets.

All Electric Cars: What’s My Range? [INFOGRAPHIC]
Click to View Full Infographic

According to the company, they are planning to produce 500,000 cars annually by 2018 and reach one million by 2020. To date, Tesla has only been able to produce 76,000 vehicles since 2016. But given that the Model 3 is actually easier to produce than any of their higher-end models, it shouldn’t be too difficult for Tesla to achieve this objective.

The Model 3’s arrival in the market will also be a milestone in the mass adoption of autonomous electric vehicles. Once they’re fully integrated into our society, electric self-driving cars will not only help Musk in his pursuit of a fully sustainable world, but also significantly improve road safety.

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Elon Musk Just Said That Tesla’s Making An Electric 18-Wheeler and Pickup Truck

Keep On Trucking

Today, Elon Musk officially confirmed that a “seriously next level” Tesla semi-truck is coming this September. He also praised the Tesla team for doing an “amazing job,” and he mentioned a convertible roadster and a pickup truck that should be to market in just 18 to 24 months.

This development is really no surprise to many, as rumors and speculations have long suggested that Tesla trucks were on the way. Still, the confirmation reveals that Musk is serious about disrupting the transportation industry.

It’s easy to see why he’d be feeling pretty proud of the Tesla team at this point. They company is now the most valuable automaker in the U.S.. But keep in mind, the comparison only goes so far, as Tesla is not just an automaker. Rather, it’s a one-stop shop for sustainable energy and innovation.

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A New Energy Age

The work they do at the “gigafactory” goes beyond designing cars. The company is working on energy storage with the Tesla Powerwall. They are working on solar roofs with Panasonic. And this is just the beginning. As explained in their mission statement:

The gigafactory will also produce battery packs intended for use in stationary storage, helping to improve robustness of the electrical grid, reduce energy costs for businesses and residences, and provide a backup supply of power.

In short,  Musk’s vision is to accelerate the world’s transition to sustainable energy. As a result, all of Tesla’s efforts are focused on developing the company to innovate new ways to produce and use renewable energy.

To that end, Musk has identified semi trucks as a critical focal point for safety and energy, and rightly so. Heavy-duty semi trucks that are electric will reduce environmental costs while increasing safety—especially with new AI technologies on board.

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Tesla Surged Past GM to Become the Most Valued Automaker in America

Billionaire Elon Musk has invested much of his time in companies that progress humanity towards a sustainable energy future. His work in SpaceX, SolarCity, and chiefly Tesla, has proven how well-intentioned initiatives can thrive in the economy, especially in light of an upcoming launch.

The excitement surrounding Tesla’s upcoming Model 3 isn’t just shaking up social media, it’s also dramatically hitting the U.S. Stock Markets. The environmentally friendly automaker has been gearing up for its next launch strategically, by offering risk-reduced public stock in the company.

All that effort looks as though it is paying off. Tesla skyrocketed towards the top of the auto industry as determined by market cap, making numbers comparable to General Motors (GM). On Monday morning, Tesla briefly surpassed GM’s market with $51 billion, $2 billion more than GM’s at the time. However, Tesla quickly lost its edge, and as of Tuesday morning the two companies were essentially neck-and-neck at around $51 billion, with GM slightly ahead.

Tesla’s shares have risen considerably since last December, with shares increasing by over 40 percent to today’s value of $306.69 per share.  However, holding Tesla up against other car manufacturers is not really a one-to-one comparison, as Tesla does much more than just manufacture and sell cars. Tesla’s numbers also look especially good because some of the largest automakers in the industry, such as GM, Ford, and Fiat Chrysler, have felt stagnated sales in their first quarter.

While Tesla has its fingers in a number of pots, it likely owes much of its current success to the model 3.

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Why Apple Should Buy Tesla and Make Elon Musk CEO

Apple: A Bit Lost

Elon Musk is the unstoppable innovation juggernaut of our time. He has taken us to space, and is single-handedly leading us into a new age in energy. However his company, Tesla, is plagued by issues related to capital. Conversely, Apple is a powerhouse of stability. Their sales are steady, probably because they continually pour out the same tired products that (they know) people are willing to buy. They also don’t take risks. Ever.

This is why Apple should buy Tesla and make Elon Musk the CEO—Apple lacks innovation and growth, and Tesla lacks cash and financial stability. To understand this rationale you only need to turn to Apple’s stock.

Apple has tremendously priced stock, thanks to the success of the iPhone, iPad, and to a lesser extent, the Apple Watch. This gives the company an amazingly high budget to work with. The choice that they now face is how to best invest that budget. To this end, what Apple needs is to produce something new and inventive, which it hasn’t done in a very long time.

Who says Apple doesn’t innovate anymore? Well, almost everyone. Just Google search, “Apple is no longer innovative.” On the first page alone you get this:

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The Observer: “Last week, Apple unveiled iPhone 7 — or, rather, the company’s Twitter account accidentally leaked the release video before CEO Tim Cook could make the announcement. It’s no big deal because iPhone 7’s most noteworthy upgrades are that it comes in black, is water resistant and no longer has a headphone jack. Nothing earth-shaking.”

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The Conversation (John Rice, Professor of Management, University of New England and Nigel Martin, College of Business and Economics, Australian National University): “Not only is Apple suffering from a major lack of hardware innovation but it’s also being outdone in software and online, where apps reign supreme. It quite possibly signals the company’s eventual demise.”

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Dezeen: “Has Apple lost its touch? Dezeen readers are unconvinced by the tech giant’s latest product announcements and feel the company has lost its way. This special edition of our regular comments update looks at reactions to its controversial new wireless headphones (pictured), updated Apple Watch and the iPhone 7.”

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Forbes: “[Like] previous years we have grown to accept that the polish and style of delivery masks a growing problem at Cupertino: Apple has run out of juice.”

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CNBC: “’There’s no real world shocking innovation happening anymore from Apple,’ the fellow at Arthur & Toni Rembe Rock Center for Corporate Governance at Stanford University, told ‘Closing Bell.’ ‘It was nine years ago that the iPhone came out … since then it’s been giving us bigger screens and smaller screens … and we go along,’ he noted, before adding that Apple’s series imitates Netflix.”

Ouch.

Even friendlies will agree that Apple is much stronger when it comes to customer experience and selling its own ecosystem than it is at generating new products. But just keeping your existing customers happy isn’t enough. Perhaps most telling is the fact that Apple is losing out to other companies in contests that it started. For example, according to the J.D. Power 2017 U.S. Tablet Satisfaction Survey, customers like Microsoft’s Surface tablets more than iPads.

Tesla: Dynamism is Costly

Meanwhile, Tesla is amazingly innovative, transforming our society in a number of sectors, all united by a future-facing commitment to clean energy and better design. The company makes cars, energy storage systems, solar roofs—and they likely won’t stop there. It seems like every few months, they come out with a new major R&D announcement. This is because Tesla places an enormous emphasis on new ideas, and although not all of them work, enough of them do that investors are inspired to buy Tesla.

Musk’s company is also growing at a staggering rate, but it is also unstable – vacillating between stocks that surge and plummet (and all the while, they are hemorrhaging cash). When you search “Tesla losing money,” you get a slightly more mixed result:

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Forbes wants you to know that, although Tesla is, in fact, losing money, people like its CEO.

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CNBC: “Wall Street sees Tesla, not classic companies like Ford, as the future of cars. Tesla is aiming to be the Apple of the car business.”

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MarketWatch: “But even the average investor can tell the difference between a profitable and unprofitable company, and Tesla is definitely the latter.”

Several outlets reveal just how much Tesla has fluctuated over the years in relation to its sales and figures. Particularly telling is the conversation regarding how much money the company loses on every car it sells.

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Reuters: “It’s crunch time for Tesla Motors. The Silicon Valley automaker is losing more than $4,000 on every Model S electric sedan it sells, using its reckoning of operating losses, and it burned $359 million in cash last quarter in a bull market for luxury vehicles.”

And a few other notable examples from Seeking Alpha and Investopedia showcase that the debate is still raging:

Why Apple Should Buy Tesla and Make Elon Musk CEO

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Of course, saying that Tesla has money problems raises some (rather fair) questions. Case in point, if Tesla is losing so much money, why is their stock still worth so much? Just this past week, Elon Musk responded to critics that called Tesla “overvalued,” pointing out that its value is based not only on cash flow, but also on the innovation consumers see in its products.

In other words, investors see the work that Tesla does as being highly relevant in the future. They feel confident that it will hold its value and grow. But that’s betting on the future, and it doesn’t help Tesla achieve stability today.

The Blend

Apple will find itself in an increasingly precarious position unless it chooses another course. The company has benefitted from Samsung’s woes (what with all the phones exploding and catching fire), but that isn’t going to last. Samsung may, and very likely will, recover. The company unveiled a new smartphone at the end of March, for example, and similar ventures indicate that it is working hard to rectify its current, troubled reputation. Thus, Apple will soon (once again) find itself going head-to-head with competitors that are just as capable of turning out devices with the most notable “new” feature being that they come in a new color.

Imagine you’re one of the best and brightest new minds, and you’re graduating from the best engineering and science programs in existence. You can write your own ticket. Would you rather work on never-before-seen breakthroughs in technology or endless iterations of the same products?

No one is called to create the latest version of the same passable earbuds; that’s not a calling. It’s just a job. Transforming the way people think about storing solar power? Creating entirely new ways to produce enough power to get off-grid? Disrupting the automobile industry? Those are callings.

If Apple buys Tesla, Apple will be able to attract the kind of talent they want (and need) to regain their place at the forefront of new technologies.

Tesla and Elon Musk have already seen that the future demands diversified product lines. This seems rather obvious, as we can’t predict what will happen in the world of tomorrow: what we will want and need, or how new generations of people will think, live, work, and play. The longer Apple stays within its narrow computer/tablet/smartphone lanes, the tougher it will be to break free and diversify.

Alright, so one final question: why does Musk have to be the one who runs this mega technology machine? Because Tim Cook is a careful, strategic, incremental manager of assets focused on protecting what’s there and coaxing slow growth. That’s what he does, and he’s extremely skilled at that. However, that’s not what’s called for in this pairing. And while that kind of strategic management might provide a very useful counterpoint to Musk’s style of leadership, it seems unlikely that both would stick around.

Of course, it is very unlikely that Cook will step down (very unlikely). Yet, in all probability, the only way Elon Musk would even dream about accepting this offer is if he is offered the CEO position. As a result, the only way that this proposition is truly feasible is if Apple’s Board goes after this option and, essentially, pushes Tim Cook out. It’s an interesting idea—one that could be very beneficial for both companies—but don’t hold your breath.

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Tesla Just Unveiled Its Newest Solar Panels

Tesla Dominates Energy

Last weekend, Tesla updated their website’s “Energy” section to release images of their new low-profile solar panels made by Panasonic. Tesla has been making news with their increased focus on green-energy innovations, and this fresh take on solar panels for preexisting homes and other buildings gives more people the option to go off-grid.

These panels use invisible mounting hardware and integrated front skirts to blend into your roof seamlessly for a cleaner, more streamlined look. This understated system was originally created by Zep Solar, which was acquired by SolarCity before Tesla acquired the whole package. Zep co-founder Daniel Flanigan now leads an engineering team at Tesla as Senior Director of Solar Systems Product Design.

Via Tesla
Credit: Tesla

The panels are also designed to integrate with the Tesla battery unit, the Powerwall, to create a sustainable energy ecosystem, which means that power from the panels can be stored for nighttime use. The Powerwall system also allows homes with these panels — as well as other Tesla solar tiles — to potentially be the only homes with power during grid outages. Production of these Panasonic modules, which “exceed industry standards for durability and lifespan,” is scheduled for this summer.

One Stop Power Shop

The Tesla Revolution [INFOGRAPHIC]
Click to View Full Infographic

This is just the latest piece of the Tesla’s one-stop-shop plan for all sustainable energy needs. Tesla CEO Elon Musk has also been making international news by offering to solve energy outages for entire countries, and several world leaders are taking that offer seriously. The company leads the world in electronic cars — and has even been named the most valuable car manufacturer in the U.S.

Tesla’s car, the Model 3, will also incorporate solar tech. It will likely come with a solar roof option coupled with its Panasonic batteries.

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Tesla Orders a Staggering 3,000 Kilometers Worth of Cable in $5.4 Million Deal

Preparations for Tesla’s Model 3 electric vehicle production are well under way, and one of the most recent development comes from an Austrian cable company. The company — which has not been named publicly as of yet — will be supplying aluminum cabling for the Model 3, according to a report from the Austrian Broadcasting Corporation.

As part of a business deal worth as much as $5.4 million (5 million Euros), Tesla ordered 3,000 kilometers (1,864 miles) of “shielded aluminum cables” which will be used to connect the Model 3’s electric motor to an onboard battery pack. The cables are expected to be delivered to Tesla’s Gigafactory 1 in Sparks, Nevada, where the Model 3’s electric motors and gear boxes will be manufactured.

The deal was a result of “intensive development and sales activities,” according to the Austrian company’s Facebook page. This is the company’s first dealing with Tesla, though they are no stranger to working with car manufacturers: they’ve struck previous deals with Ford and Chrysler.

Smaller and Lighter

The Model 3 will be the latest addition to Tesla’s line up of EVs. It’s expected to be smaller and lighter than previous models, assets that the aluminum cabling supports. Supposedly, these Austrian-made cables are lighter than traditional cabling materials, and not to mention cheaper — so their addition isn’t expected to upset the vehicle’s $35,000 starting price.

All of the existing features of Tesla vehicles — including autonomous driving and supercharging — are expected to be incorporated to the Model 3. It will also have Tesla’s solar roof technology, produced by sister-company SolarCity. Although the base model will have a battery pack of under 60 kWh tops, higher-end models are expected to have battery power for a 482-kilometer (300-mile) range.

Production for the Model 3 is slated to begin this July. With the Model 3, Tesla wants to make EVs more affordable, and therefore available to a larger market, which is all part of their mission to usher in a sustainable age of clean energy by removing fossil fuels on the road.

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Tesla Orders a Staggering 3,000 Kilometers Worth of Cable in $5.4 Million Deal

Preparations for Tesla’s Model 3 electric vehicle production are well under way, and one of the most recent development comes from an Austrian cable company. The company — which has not been named publicly as of yet — will be supplying aluminum cabling for the Model 3, according to a report from the Austrian Broadcasting Corporation.

As part of a business deal worth as much as $5.4 million (5 million Euros), Tesla ordered 3,000 kilometers (1,864 miles) of “shielded aluminum cables” which will be used to connect the Model 3’s electric motor to an onboard battery pack. The cables are expected to be delivered to Tesla’s Gigafactory 1 in Sparks, Nevada, where the Model 3’s electric motors and gear boxes will be manufactured.

The deal was a result of “intensive development and sales activities,” according to the Austrian company’s Facebook page. This is the company’s first dealing with Tesla, though they are no stranger to working with car manufacturers: they’ve struck previous deals with Ford and Chrysler.

Smaller and Lighter

The Model 3 will be the latest addition to Tesla’s line up of EVs. It’s expected to be smaller and lighter than previous models, assets that the aluminum cabling supports. Supposedly, these Austrian-made cables are lighter than traditional cabling materials, and not to mention cheaper — so their addition isn’t expected to upset the vehicle’s $35,000 starting price.

All of the existing features of Tesla vehicles — including autonomous driving and supercharging — are expected to be incorporated to the Model 3. It will also have Tesla’s solar roof technology, produced by sister-company SolarCity. Although the base model will have a battery pack of under 60 kWh tops, higher-end models are expected to have battery power for a 482-kilometer (300-mile) range.

Production for the Model 3 is slated to begin this July. With the Model 3, Tesla wants to make EVs more affordable, and therefore available to a larger market, which is all part of their mission to usher in a sustainable age of clean energy by removing fossil fuels on the road.

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