The Ford Mustang Mach-E recently achieved a noteworthy milestone. Following an 840-mile trip in Great Britain that required only two short charging stops, the all-electric performance crossover was able to set the Guinness World Record for EV efficiency with an impressive average of 6.54 miles per kWh.
The Mustang Mach-E was driven by BBC transport correspondent Clifton, Fergal McGrath, and Kevin Brooker, all of whom are well-versed in efficiency-focused driving. The team started their trip on July 3, and they completed the 840-mile journey after 27 hours on the road. Two short charging sessions totaling just 45 minutes were done over the trip: one in BP Pulse station in Wigan, Lancashire, and another in Cullompton, Devon.
It should be noted that the team averaged a speed of only 31 mph during their journey, making the trip very similar to a hypermiling attempt. The team also utilized one of the Mustang Mach-E’s Extended Range variants, which features a single motor powering the rear wheels and an 88 kWh battery. The vehicle in question has a WLTP rating of 379 miles.
Following the journey, the team stated that the EV efficiency record was all about demonstrating that electric vehicles are now viable for everyone, and not just for short trips around the city either.
“This record is about demonstrating that electric cars are now viable for everyone. Not just for short urban trips to work or the shops or as a second car, but for real-world use on long cross-country journeys. We’ve proved that, with this car, the tipping point has been reached. The Ford Mustang Mach-E’s range and efficiency make it an everyday car for tackling unpredictable journey patterns. We did a full day’s testing totaling 250 miles and still had 45% battery charge on our return,” the team noted.
Tim Nicklin, Ford’s UK electrification manager, was proud of the Mach-E’s achievement, stating that the vehicle’s feat has proven that the all-electric performance crossover was a game-changer. “The Mustang Mach-E’s efficiency minimized charging along Britain’s longest route and proved itself as a game-changer,” Nicklin said.
“Ford’s own Go Electric report on consumer perceptions reveals that the average range which the public thinks a fully charged electric car can travel is under 150 miles. If the Mach-E can achieve well over three times that distance in the hands of professionals, it can easily deliver its official’ miles per tank’ to owners – and dispense with any previous range anxiety,” he added.
Considering that the Mach-E’s EV efficiency record was achieved in a hypermile-style trip, it would not be surprising if other EV groups end up challenging this record soon. Back in 2018, for example, Tesla owners Sean Mitchell and Erik Strait set a Tesla hypermiling record by driving a Tesla Model 3 for 606.2 miles on a single charge. The trip lasted 32 hours, with the duo averaging a speed of 20-35 mph. German car rental company nextmove also set a hypermile record in a Tesla Model S the same year, traveling a total of 701 miles on a single charge for over 30 straight hours at a speed of 23.6 mph.
*Quotes courtesy of Autocar UK.
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Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario.
Wedbush analyst Dan Ives is doubling down on Tesla’s (NASDAQ:TSLA) long-term upside. In a post on X, the analyst stated that the electric vehicle maker could hit a $3 trillion market cap by the end of 2026 in a bullish scenario, thanks to the company’s efforts to develop and push its artificial intelligence programs.
An aggressive valuation upside
Ives, Wedbush’s global head of tech research, stated in his post that Tesla is entering a pivotal period as its autonomy and robotics ambitions move closer to commercialization. He expects Tesla’s market cap to reach $2 trillion in 2026, representing roughly 33% upside from current levels, with a bull case up to a $3 trillion market cap by year-end.
Overall, Ives noted that 2026 could become a “monster year” for TSLA. “Heading into 2026, this marks a monster year ahead for Tesla/Musk as the autonomous and robotics chapter begins. We believe Tesla hits a $2 trillion market cap in 2026 and in a bull case scenario $3 trillion by end of 2026… as the AI chapter takes hold at TSLA,” the analyst wrote.
Ives also reiterated his “Outperform” rating on TSLA stock, as well as his $600 per share price target.
Unsupervised Full-Self Driving tests
Fueling optimism is Tesla’s recent autonomous vehicle testing in Austin, Texas. Over the weekend, at least two Tesla Model Ys were spotted driving on public roads without a safety monitor or any other occupants. CEO Elon Musk later confirmed the footage of one of the vehicles on X, writing in a post that “testing is underway with no occupant in the car.”
It remains unclear whether the vehicle was supported by chase cars or remote monitoring, and Tesla has not disclosed how many vehicles are involved. That being said, Elon Musk stated a week ago that Tesla would be removing its Safety Monitors from its vehicles “within the next three weeks.” Based on the driverless vehicles’ sightings so far, it appears that Musk’s estimate may be right on the mark, at least for now.
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Production-ready Tesla Cybercab hits showroom floor in San Jose
Tesla has implemented subtle but significant updates to both the Cybercab’s exterior and interior elements.
Tesla has showcased what appears to be a near-production-ready Cybercab at its Santana Row showroom in San Jose, California, giving visitors the closest look yet at the autonomous two-seater’s refined design.
Based on photos of the near-production-ready vehicle, the electric vehicle maker has implemented subtle but significant updates to both the Cybercab’s exterior and interior elements, making the vehicle look more polished and seemingly more comfortable than its prototypes from last year.
Exterior and interior refinements
The updated Cybercab, whose photos were initially shared by Tesla advocate Nic Cruz Patane, now features a new frameless window design, an extended bottom splitter on the front bumper, and a slightly updated rear hatch. It also includes a production-spec front lightbar with integrated headlights, new wheel covers, and a license plate bracket.
Notably, the vehicle now has two windshield wipers instead of the prototype’s single unit, along with powered door struts, seemingly for smoother opening of its butterfly doors. Inside, the Cybercab now sports what appears to be a redesigned dash and door panels, updated carpet material, and slightly refined seat cushions with new center cupholders. Its legroom seems to have gotten slightly larger as well.
Cybercab sightings
Sightings of the updated Cybercab have been abundant in recent months. At the end of October, the Tesla AI team teased some of the autonomous two-seater’s updates after it showed a photo of the vehicle being driven through an In-N-Out drive-through by employees in Halloween costumes. The photos of the Cybercab were fun, but they were significant, with longtime Tesla watchers noting that the company has a tradition of driving its prototypes through the fast food chain’s drive-throughs.
Even at the time, Tesla enthusiasts noticed that the Cybercab had received some design changes, such as segmented DRLs and headlamps, actual turn signals, and a splitter that’s a lot sharper. Larger door openings, which now seem to have been teasing the vehicle’s updated cabin, were also observed at the time.
Investor's Corner
Tesla analyst realizes one big thing about the stock: deliveries are losing importance
Tesla analyst Dan Levy of Barclays realized one big thing about the stock moving into 2026: vehicle deliveries are losing importance.
As a new era of Tesla seems to be on the horizon, the concern about vehicle deliveries and annual growth seems to be fading, at least according to many investors.
Even CEO Elon Musk has implied at times that the automotive side, as a whole, will only make up a small percentage of Tesla’s total valuation, as Optimus and AI begin to shine with importance.
He said in April:
“The future of the company is fundamentally based on large-scale autonomous cars and large-scale and large volume, vast numbers of autonomous humanoid robots.”
Almost all of Tesla’s value long-term will be from AI & robots, both vehicle & humanoid
— Elon Musk (@elonmusk) September 11, 2023
Levy wrote in a note to investors that Tesla’s Q4 delivery figures “likely won’t matter for the stock.” Barclays said in the note that it expects deliveries to be “soft” for the quarter.
In years past, Tesla analysts, investors, and fans were focused on automotive growth.
Cars were truly the biggest thing the stock had to offer: Tesla was a growing automotive company with a lot of prowess in AI and software, but deliveries held the most impact, along with vehicle pricing. These types of things had huge impacts on the stock years ago.
In fact, several large swings occurred because of Tesla either beating or missing delivery estimates:
- January 3, 2022: +13.53%, record deliveries at the time
- January 3, 2023: -12.24%, missed deliveries
- July 2, 2024: +10.20%, beat delivery expectations
- October 3, 2022: -8.61%, sharp miss due to Shanghai factory shutdown
- July 2, 2020: +7.95%, topped low COVID-era expectations with sizeable beat on deliveries
It has become more apparent over the past few quarters that delivery estimates have significantly less focus from investors, who are instead looking for progress in AI, Optimus, Cybercab, and other projects.
These things are the future of the company, and although Tesla will always sell cars, the stock is more impacted by the software the vehicle is running, and not necessarily the vehicle itself.
Wedbush’s Dan Ives sees ‘monster year’ ahead for Tesla amid AI push
Production-ready Tesla Cybercab hits showroom floor in San Jose
