News
Daimler CEO steps down weeks after unveiling Mercedes-Benz’s first Tesla Model X competitor
Just weeks after taking the wraps off the Mercedes-Benz EQC, the German automaker’s first all-electric vehicle that’s expected to compete in the same segment as the Tesla Model X, Daimler has confirmed that CEO Dieter Zetsche would be stepping down from his post. Zetsche, who has been with Daimler for 42 years, will return to the company and chair the supervisory board in 2021.
The Daimler CEO will be succeeded by Ola Källenius, a 49-year-old Swede who also has a long tenure in the legacy automaker. Prior to becoming CEO, Källenius served as the company’s head of R&D. He is expected to take over as CEO and head of Mercedes-Benz this May 2019, provided that his appointment is approved by shareholders. Zetsche, for his part, was originally signed on until December 2019, but he has opted to depart earlier amidst the company’s preparations for “fundamental changes taking place in the automotive industry.”
Daimler’s appointment of Källenius is considered as part of the company’s push to appoint a younger set of leaders that can effectively carry the company forward in a changing automotive landscape. Among these changes is the emerging wave of electrification, which is pushed by upstart electric car companies like Tesla and embraced by veteran carmakers like Porsche, which recently announced the cancellation of its diesel-powered line.
In this light, selecting Ola Källenius to succeed Dieter Zetsche seems to be the right direction for Daimler. Källenius, after all, is noted for being one of the company’s executives who pushed for the development of 10 electric vehicles that are planned for release. The Mercedes-Benz EQC, unveiled earlier this month, is the first of these vehicles.
The younger executive’s background is unlike Daimler’s other CEOs,’ considering that Källenius’ experience is not on engineering, but on finance. His experience is vast nonetheless, with stints in both McLaren Automotive and AMG, Mercedes-Benz’s performance-oriented sub-brand that grew and evolved under Dieter Zetsche’s leadership.
Daimler’s first foray into electric vehicles, the Mercedes-Benz EQC, is a premium SUV that would compete directly with vehicles like the Tesla Model X. In the EQC’s unveiling, Daimler CEO Dieter Zetsche announced that the vehicle kicks off the company’s $12 billion push towards the development of electric vehicles under the EQ brand. Zetsche also noted that Daimler would be investing another $1.2 billion in global battery production to support the growth of the company’s electrified offerings.

The Mercedes-Benz EQC features several compelling features that make it a contender in the premium electric SUV segment. It is equipped with dual electric drivetrains at each axle, which generate a combined 402 hp and 562 lb-ft of torque. Thanks to its electric motors, the EQC can sprint from 0-60 mph in 4.9 seconds and hit a top speed of 112 mph. The SUV is also equipped with an 80 kWh battery, which is expected to give the vehicle a range of over 200 miles per charge.
That said, Mercedes-Benz noted in a later update that it would adopt a gradual rollout for the EQC, to ensure that warranty costs for the vehicle don’t spike when customers start taking deliveries. Mercedes-Benz head of production and supply chain management Markus Schaefer described the company’s rationale in a statement.
“We want to be sure we deliver Mercedes quality from day one in all aspects, and we have to watch the warranty side for customers as well. We don’t want customers ending up at the mechanic later. Slowing down the ramp-up is a tool to make sure we do it right, to address all the unknowns that an electric car brings,” he said.
News
Tesla is ramping its hiring for Cybercab vehicle manufacturing roles
A check of the company’s Careers website shows 30 open positions tied to the Cybercab project, with 25 focused directly on vehicle manufacturing.
Tesla is accelerating preparations for its upcoming Cybercab by rapidly expanding its hiring efforts in Austin, Texas.
A check of the company’s Careers website shows 30 open positions tied to the Cybercab project, with 25 focused directly on vehicle manufacturing. The spike in listings suggests that Tesla may be gearing up for a production ramp of its fully autonomous two-seater at Giga Texas.
New Cybercab job listings
Tesla’s Careers page now features several new roles that appear crucial to the Cybercab’s buildout. Among the most recent additions are openings for Engineering Technicians for the Cybercab’s drive units, battery pack, and general assembly, as well as positions for Equipment Technicians for the vehicle’s production lines.
Earlier this month, Tesla only had three openings related to the autonomous two-seater’s manufacturing. Even then, it was already exciting as the Cybercab would be produced using Tesla’s “Unboxed” manufacturing process. This process is designed to make the Cybercab easier and quicker to produce.
Similar to previous Cybercab-related job listings, all of the openings are currently based in Austin, Texas. This suggests that for now, at least, the production of the Cybercab will really be focused on Giga Texas to start.
Ultra-fast Cybercab production targets
Tesla CEO Elon Musk has described the Cybercab as the company’s highest-volume vehicle yet, targeting an annual production rate of around 2 million units. He added that the Cybercab line will operate more like a “high-speed consumer electronics” assembly process than a conventional car factory.
“If you’ve seen the design of the Cybercab line, it doesn’t look like a normal car manufacturing line,” Musk said earlier this year. “It looks like a really high-speed consumer electronics line. In fact, the line will move so fast that actually people can’t even get close to it.”
Elon Musk
Memphis to use xAI taxes for neighborhood improvements: “Truly a blessing”
City officials confirmed that the funds will be reinvested in local neighborhoods near xAI’s Colossus supercomputer.
The City of Memphis has collected all taxes owed by Elon Musk’s xAI before the payment deadline, creating a $3.2 million special revenue fund to support communities affected by the company’s operations.
City officials confirmed that the funds will be reinvested in local neighborhoods near xAI’s Colossus supercomputer.
Directing xAI funds toward community projects
Mayor Paul Young’s administration recently outlined how the funds will be allocated. The initiative was focused on improving infrastructure and quality of life in neighborhoods impacted by xAI’s construction and operations.
Councilwoman Yolanda Cooper-Sutton emphasized that the process will include public input, with surveys already distributed to residents to guide spending priorities, according to ABC24.
“With that ordinance, we are in the near future getting ready to set up the committee because this is the people’s money,” Cooper-Sutton said. “We wanna make sure that it is used for the people.”
Officials noted that they are planning to present a final proposal to the entire council after reviewing community feedback. Cooper-Sutton added that the program represents a step toward ensuring businesses operating in Memphis treat residents “fairly and with equality.”
“It is truly, truly a blessing. What we are doing here at this body and this council, we wanna make sure that whatever business that comes here, that the people are treated fairly and with equality,” she stated.
xAI partnership fuels local job opportunities
Beyond tax revenue, xAI’s growing presence is expected to bolster Memphis’ workforce development goals. Earlier this month, the artificial intelligence startup co-hosted a job fair at Crosstown Concourse with the American Job Center to connect residents with new employment pathways.
“We know that jobs are coming. We know that talent is here,” Melody Freemon, executive director of the Greater Memphis Workforce Development Board, stated. “We wanna make sure we’re not just putting people in any ole jobs. We wanna put people on a pathway to self-sustainability. We wanna put people on a pathway to self-sustainability and something they can rely on in the future.”
Freemon also noted that the Greater Memphis Workforce Development Board was able to make a favorable offer to xAI. “We promised that we can provide a pipeline. This is the central hub for connection. This is where job seekers are, so let us take the headache off of your hiring needs. Come here, let us source the people and make sure that we meet the demand,” Freeman stated.
News
The Boring Company’s self-driving Teslas impress riders with smooth, hands-free rides
The electric vehicles, which currently shuttle visitors between key destinations on the Strip, could soon extend service all the way to the airport.
Tesla’s Full Self-Driving (FSD) system is making waves underground. Passengers who recently rode in The Boring Company’s Las Vegas Loop described the experience as “way smoother than a human driving,” with no manual input from a driver at all.
The electric vehicles, which currently shuttle visitors between key destinations on the Strip, could soon extend service all the way to the airport.
Controlled FSD testing
In late August, Las Vegas Convention and Visitors Authority CEO Steve Hill stated that Tesla’s FSD-equipped vehicles have been undergoing testing in the Boring Company tunnels for several months. These tests are conducted under strict supervision and have not involved regular passengers until recently.
Recent comments about the Boring Company’s driverless Teslas were shared on X by @alifarhat6_ali, who was able to try out the service for himself. As per the Tesla enthusiast, FSD drives much smoother than human drivers inside the Boring Company Las Vegas tunnels. The safety monitor also reportedly noted that the service should soon expand to the airport.
“I rode in the new self driving Tesla in the Las Vegas Loop! It was WAY smoother than a human driving in the Loop. Zero human input. It wasn’t busy so he let us ride back as well. Driver said they soon will be giving rides all the way to the airport. We are in the future,” the X user wrote in a post.
Elon Musk hints at fully driverless Teslas
Earlier this month, Elon Musk posted on X that “The Tesla cars operating in The Boring Company tunnels under Las Vegas will be driverless in a month or two.” This suggests that the Boring Company tunnels in Las Vegas may end up being one of the first locations where actual driverless Teslas will be serving regular customers.
In a way, the deployment of fully driverless Teslas could be perfect for the Las Vegas tunnels. The underground environment should be ideal for Tesla’s autonomous software as it offers predictable routes and traffic, minimal external hazards, and stable lighting conditions that benefit sensor performance.
-
Elon Musk1 week agoSpaceX posts Starship booster feat that’s so nutty, it doesn’t even look real
-
Elon Musk1 week agoTesla Full Self-Driving gets an offer to be insured for ‘almost free’
-
News1 week agoElon Musk confirms Tesla FSD V14.2 will see widespread rollout
-
News1 week agoTesla is adding an interesting feature to its centerscreen in a coming update
-
News2 weeks agoTesla launches new interior option for Model Y
-
News2 weeks agoTesla widens rollout of new Full Self-Driving suite to more owners
-
Elon Musk1 week agoTesla CEO Elon Musk’s $1 trillion pay package hits first adversity from proxy firm
-
News1 week agoTesla might be doing away with a long-included feature with its vehicles

