News
Ford F-150 Lightning, Rivian R1T, Hyundai Ioniq 5 land on AutoTrader’s ‘Best New Cars for 2022’
Three of the electric automotive sector’s newest additions have landed on AutoTrader’s list of “Best New Cars for 2022.” The Ford F-150 Lightning and Rivian R1T, two of the EV sector’s freshest pickups, along with the Hyundai Ioniq 5 SUV, landed on the list, which featured the twelve best vehicles based on a team of experts “who collectively tested and ranked new models using a range of criteria.”
AutoTrader said in its release of the list that with so many great and competitive options on the market today, car buying is more confusing than ever. As the industry is beginning to shift toward a more pivotal role for electric cars, the list hand selects the twelve most competitive choices based on over 300 options.
“While electric vehicles, driver-assist technology, and fun, efficient, affordable gasoline-powered cars aren’t necessarily new things for car shoppers, the sheer amount of choices drivers now have really stands out as new for 2022,” Executive Editor for Autotrader Brian Moody said. “Automakers are building a wider variety of vehicle types with each passing year. A great example is electric vehicles – now there are many good all-electric cars in a variety of prices, shapes and sizes. In fact, one-third of our Best New Cars list this year is made up of electric vehicles, and two of those are trucks.”
Ford F-150 Lightning
(Credit: Ford Motor Company)
Perhaps the most anticipated EV release of this year will be the Ford F-150 Lightning. As the electric pickup sector begins to heat up with recent releases from GMC and Rivian, Ford, the undisputed leader of the American pickup truck sector, will have its say in what the best electric truck will be later this year. Deliveries are slotted for Spring 2022, and Ford opened the Order Bank for customers to finalize their trim packages in January. AutoTrader says:
“Combining the popularity of the F-150 pickup with the capability off an all-electric vehicle creates a real winner. With Ford’s Intelligent Backup Power, over-the-air software updates, and 11 power outlets available, this version of the F-150 is the perfect tool for both consumers and contractors. Bonus points for the large ‘Frunk.’”
Rivian R1T
(Credit: Rivian)
Rivian’s initial vehicle, the R1T pickup, technically started deliveries last year. However, 2022 is where the truck will really make its mark as the young and scrappy Rivian begins to ramp production of the R1T at its plant in Normal, Illinois. Rivian is backed by Amazon, which means their cash flow is basically limitless and they have backing from several other notable companies. The R1T is really the perfect outdoor truck as Rivian’s whole goal was to cater to those who love to adventure. AutoTrader says:
“Pickups and SUVs have been a sort of blind spot when it comes to electric vehicles, as their size and weight (and often the demands placed on trucks) make them poor candidates for all-electric power. But now, Rivian has opened that door. Like Tesla, Rivian isn’t a long-standing legacy automaker, yet it has created a very compelling electric vehicle that looks good and performs well. The Rivian R1T isn’t a concept or plan or a “someday” electric truck – it is here now making its way into consumers’ hands, and it is very good.”
Hyundai Ioniq 5
Credit: Hyundai
Hyundai is not necessarily too discussed in the EV sector, but the Ioniq 5 is certainly a vehicle worth talking about. The company has plenty of plans to expand its electrification footprint across the world. In 2028, Hyundai plans to have at least six new electric vehicles on the market in India. However, the company has discussed hydrogen technology as a possible route on several occasions, a move that many pure-EV enthusiasts will challenge on any occasion. AutoTrader says:
“Electric vehicles have matured beyond just traditional gasoline cars fitted for electric powertrains later in life. Now, cars like the Hyundai Ioniq 5 are purpose-built EVs designed to be electric from the very beginning. This matters because when you eliminate the need for a large gas tank and delete a huge chunk of metal from between the two front wheels, the designer is freer to make dramatically different choices in terms of the car’s overall look, interior space and technology. And our editors like the way the Ioniq 5 looks.”
The full list is available here.
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Elon Musk
Tesla stock gets latest synopsis from Jim Cramer: ‘It’s actually a robotics company’
“Turns out it’s actually a robotics and Cybercab company, and I want to buy, buy, buy. Yes, Tesla’s the paper that turned into scissors in one session,” Cramer said.
Tesla stock (NASDAQ: TSLA) got its latest synopsis from Wall Street analyst Jim Cramer, who finally realized something that many fans of the company have known all along: it’s not a car company. Instead, it’s a robotics company.
In a recent note that was released after Tesla reported Earnings in late January, Cramer seemed to recognize that the underwhelming financials and overall performance of the automotive division were not representative of the current state of affairs.
Instead, we’re seeing a company transition itself away from its early identity, essentially evolving like a caterpillar into a butterfly.
The narrative of the Earnings Call was simple: We’re not a car company, at least not from a birds-eye view. We’re an AI and Robotics company, and we are transitioning to this quicker than most people realize.
Tesla stock gets another analysis from Jim Cramer, and investors will like it
Tesla’s Q4 Earnings Call featured plenty of analysis from CEO Elon Musk and others, and some of the more minor details of the call were even indicative of a company that is moving toward AI instead of its cars. For example, the Model S and Model X will be no more after Q2, as Musk said that they serve relatively no purpose for the future.
Instead, Tesla is shifting its focus to the vehicles catered for autonomy and its Robotaxi and self-driving efforts.
Cramer recognizes this:
“…we got results from Tesla, which actually beat numbers, but nobody cares about the numbers here, as electric vehicles are the past. And according to CEO Elon Musk, the future of this company comes down to Cybercabs and humanoid robots. Stock fell more than 3% the next day. That may be because their capital expenditures budget was higher than expected, or maybe people wanted more details from the new businesses. At this point, I think Musk acolytes might be more excited about SpaceX, which is planning to come public later this year.”
He continued, highlighting the company’s true transition away from vehicles to its Cybercab, Optimus, and AI ambitions:
“I know it’s hard to believe how quickly this market can change its attitude. Last night, I heard a disastrous car company speak. Turns out it’s actually a robotics and Cybercab company, and I want to buy, buy, buy. Yes, Tesla’s the paper that turned into scissors in one session. I didn’t like it as a car company. Boy, I love it as a Cybercab and humanoid robot juggernaut. Call me a buyer and give me five robots while I’m at it.”
Cramer’s narrative seems to fit that of the most bullish Tesla investors. Anyone who is labeled a “permabull” has been echoing a similar sentiment over the past several years: Tesla is not a car company any longer.
Instead, the true focus is on the future and the potential that AI and Robotics bring to the company. It is truly difficult to put Tesla shares in the same group as companies like Ford, General Motors, and others.
Tesla shares are down less than half a percent at the time of publishing, trading at $423.69.
Elon Musk
SpaceX secures win as US labor board drops oversight case
The NLRB confirmed that it no longer has jurisdiction over SpaceX.
SpaceX scored a legal victory after the National Labor Relations Board (NLRB) decided to dismiss a case which accused the company of terminating engineers who were involved in an open letter against founder Elon Musk.
The NLRB confirmed that it no longer has jurisdiction over SpaceX. The update was initially shared by Bloomberg News, which cited a letter about the matter it reportedly reviewed.
In a letter to the former employees’ lawyers, the labor board stated that the affected employees were under the jurisdiction of the National Mediation Board (NMB), not the NLRB. As a result, the labor board stated that it was dismissing the case.
As per Danielle Pierce, a regional director of the agency, “the National Labor Relations Board lacks jurisdiction over the Employer and, therefore, I am dismissing your charge.”
The NMB typically oversees airlines and railroads. The NLRB, on the other hand, covers most private-sector employers, as well as manufacturers such as Boeing.
The former SpaceX engineers have argued that the private space company did not belong under the NMB’s jurisdiction because SpaceX only offers services to “hand-picked customers.”
In an opinion, however, the NMB stated that SpaceX was under its jurisdiction because “space transport includes air travel” to get to outer space. The mediation board also noted that anyone can contact SpaceX to secure its services.
SpaceX had previously challenged the NLRB’s authority in court, arguing that the agency’s structure was unconstitutional. Jennifer Abruzzo, the NLRB general counsel under former United States President Joe Biden, rejected SpaceX’s claims. Following Abruzzo’s termination under the Trump administration, however, SpaceX asked the labor board to reconsider its arguments.
SpaceX is not the only company that has challenged the constitutionality of the NLRB. Since SpaceX filed its legal challenge against the agency in 2024, other high-profile companies have followed suit. These include Amazon, which has filed similar cases that are now pending.
News
Tesla accuses IG Metall member of secretly recording Giga Berlin meeting
The union has denied the electric vehicle maker’s allegations.
Police seized the computer of an IG Metall member at Tesla Giga Berlin on Tuesday amid allegations that a works council meeting was secretly recorded.
The union has denied the electric vehicle maker’s allegations.
In a post on X, Gigafactory Berlin plant manager André Thierig stated that an external union representative from IG Metall attended a works council meeting and allegedly recorded the session. Thierig described the event as “truly beyond words.”
“What has happened today at Giga Berlin is truly beyond words! An external union representative from IG Metall attended a works council meeting. For unknown reasons he recorded the internal meeting and was caught in action! We obviously called police and filed a criminal complaint!” Thierig wrote in his post on X.
Police later confirmed to local news outlet rbb24 that officers did seize a computer belonging to an IG Metall member at the Giga Berlin site on Tuesday afternoon. Tesla stated that employees had contacted authorities after discovering the alleged recording.
IG Metall denied Tesla’s accusations, arguing that its representative did not record the meeting. The union alleged that Tesla’s claim was simply a tactic ahead of upcoming works council elections.
The next works council election at Giga Berlin is scheduled for March 2 to 4, 2026. The facility’s management had confirmed the dates to local news outlets. The official announcement marks the start of the election process and campaign period.
Approximately 11,000 employees are eligible to participate in the vote.
The previous works council election at the plant took place in 2024, and it was triggered by a notable increase in workforce size. Under German labor law, regular works council elections must be held every four years between March 1 and May 31.
Tesla stock gets latest synopsis from Jim Cramer: ‘It’s actually a robotics company’
SpaceX secures win as US labor board drops oversight case
