Genesis is launching their all-new electric Genesis G80, and it will go up against a highly competitive luxury sedan market that has plenty of high-quality options.
The Genesis G80 electric is another electric addition to the luxury Korean brand. Hyundai/Kia have been quickly introducing new models to their brands, and they intend to do the same with Genesis, but is their all-new electric luxury sedan going to be competitive? The electric sedan market is popular and fierce and Genesis will need to offer more than a young upstart brand name to win over consumers.
Genesis has faced an uphill battle as it has entered western markets. Most of the brands they compete with are brands with heritage and prestige that people already connect with; BMW, Mercedes, and even Cadillac have the allure of old money. Genesis has thus had to define itself through products, but the G80 might not be one of its best performers.
According to AutoBlog, the Genesis G80 will be available in 8 states as of September this year: California, Connecticut, New Jersey, and New York first, and then Arizona, Nevada, Utah, and Washington.
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- Credit: Genesis
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- Credit: Genesis
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- Credit: Genesis
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- Credit: Genesis
AutoBlog has also already listed specs for the vehicle. Equipped with a dual motor all-wheel-drive system, the Genesis G80 produces 365 horsepower and 516 pound-feet of torque. This powertrain is hooked to an 87.2kWh battery that will get you a range of 285 miles. Disappointingly, the car will not be able to charge in the claimed 18 minutes of its fellow 800-volt architecture-equipped Hyundai/Kia products, requiring 22 minutes to get from 10%-80%. However, the sedan will get three years of complimentary 30min charging sessions at Electrify America locations.
With a starting price of $80,920, how does the Genesis G80 compare to other luxury/performance electric sedans? Not as well as one would hope. At roughly equivalent pricing, a consumer could get a well-optioned BMW i4, a Lucid Air, an Audi E-Tron, a Porsche Taycan, or a well-optioned Tesla Model 3 Performance.
In terms of performance specifications, most other offerings produce more power and have more range. The BMW produces over 100 more horsepower and more than50 more pound-feet of torque, the Tesla goes nearly 60 miles further and can be equipped with some of the world’s best self-driving technology, and the Porsche will land you the parking spot out front of the hotel, not around back.
Genesis has introduced a vehicle that would have sold boatloads… if it were two or three years ago. Now the brand finds itself competing with the likes of Porsche, BMW, and Tesla. And sadly, if you ask a consumer if they would rather have a Genesis or a Porsche, I think we all know what that answer would be.
What do you think of the article? Do you have any comments, questions, or concerns? Shoot me an email at william@teslarati.com. You can also reach me on Twitter @WilliamWritin. If you have news tips, email us at tips@teslarati.com!
Elon Musk
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
Carr made the remarks in a post on social media platform X.
U.S. Federal Communications Commission (FCC) Chairman Brendan Carr criticized Amazon after the company opposed SpaceX’s proposal to launch a large satellite constellation that could function as an orbital data center network.
Carr made the remarks in a post on social media platform X.
Amazon recently urged the FCC to reject SpaceX’s application to deploy a constellation of up to 1 million low Earth orbit satellites that could serve as artificial intelligence data centers in space.
The company described the proposal as a “lofty ambition rather than a real plan,” arguing that SpaceX had not provided sufficient details about how the system would operate.
Carr responded by pointing to Amazon’s own satellite deployment progress.
“Amazon should focus on the fact that it will fall roughly 1,000 satellites short of meeting its upcoming deployment milestone, rather than spending their time and resources filing petitions against companies that are putting thousands of satellites in orbit,” Carr wrote on X.
Amazon has declined to comment on the statement.
Amazon has been working to deploy its Project Kuiper satellite network, which is intended to compete with SpaceX’s Starlink service. The company has invested more than $10 billion in the program and has launched more than 200 satellites since April of last year.
Amazon has also asked the FCC for a 24-month extension, until July 2028, to meet a requirement to deploy roughly 1,600 satellites by July 2026, as noted in a CNBC report.
SpaceX’s Starlink network currently has nearly 10,000 satellites in orbit and serves roughly 10 million customers. The FCC has also authorized SpaceX to deploy 7,500 additional satellites as the company continues expanding its global satellite internet network.
Energy
Tesla Energy gains UK license to sell electricity to homes and businesses
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
Tesla Energy has received a license to supply electricity in the United Kingdom, opening the door for the company to serve homes and businesses in the country.
The license was granted to Tesla Energy Ventures Ltd. by UK energy regulator Ofgem after a seven-month review process.
According to Ofgem, the license took effect at 6 p.m. local time on Wednesday and applies to Great Britain.
The approval allows Tesla’s energy business to sell electricity directly to customers in the region, as noted in a Bloomberg News report.
Tesla has already expanded similar services in the United States. In Texas, the company offers electricity plans that allow Tesla owners to charge their vehicles at a lower cost while also feeding excess electricity back into the grid.
Tesla already has a sizable presence in the UK market. According to price comparison website U-switch, there are more than 250,000 Tesla electric vehicles in the country and thousands of Tesla home energy storage systems.
Ofgem also noted that Tesla Motors Ltd., a separate entity incorporated in England and Wales, received an electricity generation license in June 2020.
The new UK license arrives as Tesla continues expanding its global energy business.
Last year, Tesla Energy retained the top position in the global battery energy storage system (BESS) integrator market for the second consecutive year. According to Wood Mackenzie’s latest rankings, Tesla held about 15% of global market share in 2024.
The company also maintained a dominant position in North America, where it captured roughly 39% market share in the region.
At the same time, competition in the energy storage sector is increasing. Chinese companies such as Sungrow have been expanding their presence globally, particularly in Europe.
Elon Musk
Elon Musk shares big Tesla Optimus 3 production update
According to Musk, Tesla is in the final stages of completing Optimus 3, which he described as one of the world’s most advanced humanoid robots.
Tesla CEO Elon Musk has stated that production of Optimus 3 could begin this summer. Musk shared the update in his interview at the Abundance Summit.
According to Musk, Tesla is in the final stages of completing Optimus 3, which he described as one of the world’s most advanced humanoid robots.
“We’re in the final stages of completion of Optimus 3, which is really going to be by far the most advanced robot in the world. Nothing’s even close. In fact, I haven’t even seen demos of robots that are as good as Optimus 3,” Musk said.
He also set expectations on the pace of Optimus 3’s production ramp, stating that the initial volumes of the humanoid robot will likely be very low. Musk did, however, also state that high production rates for Optimus 3 should be possible in 2027.
“I think we’ll start production on Optimus 3 this summer, but very slow at first, like sort of this classic S-curve ramp of manufacturing units versus time. And then, probably reach high volume production around summer next year,” he said.
Interestingly enough, the CEO hinted that Tesla is looking to iterate on the robot quickly, potentially releasing a new Optimus design every year.
“We’ll have Optimus 4 design complete next year. We’ll try to release a new robot design every year,” Musk stated.
Tesla has already outlined broader plans for scaling Optimus production beyond its first manufacturing line. Musk previously stated that Optimus 4 will be built at Gigafactory Texas at significantly higher production volumes.
Initial production lines for the robot are expected to be located at Tesla’s Fremont Factory, where the company plans to establish a line capable of producing up to 1 million robots per year.
A larger production ramp is expected to occur at Gigafactory Texas, where Musk has previously suggested could eventually support production of up to 10 million robots per year.
“We’re going to launch on the fastest production ramp of any product of any large complex manufactured product ever, starting with building a one-million-unit production line in Fremont. And that’s Line one. And then a ten million unit per year production line here,” Musk said previously.
The comments suggest that while Optimus 3 will likely begin production at Fremont, Tesla’s larger-scale manufacturing push could arrive with Optimus 4 at Gigafactory Texas.
FCC chair criticizes Amazon over opposition to SpaceX satellite plan
Tesla Energy gains UK license to sell electricity to homes and businesses
