News
Lucid Air, NIO, Elon Musk capture big wins in Forbes’ 2020 Transportation Awards
Forbes’ 2020 Transportation Awards gave the upcoming Lucid Air the title of “Best Product” of 2020, despite the vehicle not being in full production yet. The Air is shaping up into one of the most highly-anticipated electric vehicles in the market, thanks to its intense focus on luxury, allowing it to compete against vehicles like the Mercedes-Benz S-Class. The Air’s specs are no joke, either, as its range and power seem to rival even that of Tesla’s Model S.
“Arriving in 2021, the Lucid Air, an elegant battery-powered sedan from Newark, California-based Lucid Motors, promises to be the first true competitor to Elon Musk’s electric vehicle empire. Developed by Peter Rawlinson, the ex-Tesla chief engineer who was instrumental in creating the company’s breakthrough Model S, Lucid’s $77,000 luxury car may outperform Tesla’s best in range, power and amenities,” Forbes wrote.
It was not just the Lucid Air that caught a win in Forbes’ 2020 Transportation Awards. William Li, the 46-year-old founder and CEO of NIO and a man dubbed as the “Elon Musk of China,” was deemed by the publication as the “Most Intriguing Newcomer” of the year. Forbes cited Li’s thriving electric car business in China as a driver for his award. NIO stock, similar to Tesla shares last year, also saw a massive surge during the year, rising 1,000% since the start of 2020.
“Chinese entrepreneur William Li made a fortune with an online car-selling website. Now, NIO, his Shanghai-based electric vehicle startup, is making steady sales gains in China for its battery-powered crossovers and cars. NIO’s continued success in that market could undermine Tesla’s Middle Kingdom aspirations and elevate the Musk-admiring Li into a major rival. NIO’s shares, which are traded in the U.S., are up 1,000% since the start of 2020,” the publication noted.
A discussion about the transportation sector in 2020 would not be complete without mentioning Tesla, the world’s largest automaker by market cap, as well as Elon Musk, the man that led the company to where it is today. It was then unsurprising to see the publication giving Tesla CEO Elon Musk its “Forbes Person of the Year in Transportation” award for 2020. Such an award seems warranted considering Tesla’s dominance and sustained growth at a time when the automotive market was practically brought to its knees by the pandemic.
Amidst this growth, Elon Musk’s net worth also skyrocketed, allowing him to take his place just under Amazon founder Jeff Bezos as the second-richest person in the world.
“Love him or hate him, Tesla and SpaceX founder Elon Musk dominated transportation in 2020 in much the same way Donald Trump loomed over U.S. politics. Neither can stay out of the news cycle (or off social media) for long. But while Trump’s wealth slipped during the year, Musk’s skyrocketed to $143 billion, up 440% over just 12 months, as gains in Tesla’s surging share price and profitability unlocked a string of massive stock awards,” Forbes noted.
The full list of winners in Forbes’ 2020 Transportation Awards could be viewed here.
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News
Tesla’s Supercharger Diner probably just secured more locations
Tesla’s Supercharger Diner in Los Angeles dominated the company’s global usage rankings after just one year, proving the concept is more than just a one-off novelty location that will fade away.
The performance could incite the company to build more locations, something that CEO Elon Musk has hinted at for some time.
Tesla’s Supercharger Diner delivered 21.2 GWh of energy in its first year of operation, the company’s head of Charging, Max de Zegher, revealed on X. Of the top 10 most utilized Supercharger locations in Tesla’s global infrastructure, the Diner in Los Angeles was the most used by drivers, and it wasn’t particularly close:
Tesla Diner opened exactly 1 year ago. Inspiring that futuristic places like this exist.
It’s our highest usage Supercharger in the world: 21.2 GWh delivered in a year, 1.6k sessions/day.
Top 10 Superchargers by energy delivered: https://t.co/9YvJ8lw696 pic.twitter.com/koB3AUJHws
— Max (@MdeZegher) July 21, 2026
On its launch day one year ago, nobody was too sure what the Tesla Diner would be about. It seemed like an interesting concept, and considering it had been in the works for years, it was a highly anticipated launch that many were looking forward to.
Based on its success, we could see additional Diners with Superchargers built throughout the United States, and potentially beyond. Musk has said on several occasions that the company would be willing to bring the Diner idea to more markets.
Tesla makes major change at Supercharger Diner amid epic demand
Of the markets that Musk has mentioned, both Palo Alto and Austin have come to be perceived as ideal selections. However, there are no concrete plans as of now to build new Supercharger Diners anywhere; the location on Santa Monica Boulevard will remain the exclusive spot to pick up Tesla-inspired eats, at least for the time being.
Investor's Corner
Tesla short sellers win big after shares fall after earnings
Tesla short sellers won big following the company’s massive fall on Wall Street after it reported subpar Earnings on Wednesday.
Tesla short sellers collected about $4.12 billion in single-day profits on Thursday, according to Bloomberg. Shares fell as much as 15 percent during Thursday’s session. It closed as one of the worst days for Tesla on Wall Street in the past three years.
Investors sold off the stock after Tesla said it would aggressively direct its spending toward AI and its Optimus robot project. The company had record revenues, which were driven by one of the strongest quarters in terms of vehicle deliveries in company history.
However, it missed EPS estimates by reporting just $0.33, a far cry from the $0.53 analysts expected.
S3 Partners reported that about 3 percent of Tesla’s outstanding stock is sold short. Managing Director at S3, Ihor Dusaniwsky, provided the short seller’s potential profit, as well as another figure: shorts have likely had paper gains of $8.92 billion this year, as Tesla shares are down 30 percent in 2026.
Tesla (TSLA) Q2 2026 earnings results: miss on EPS, beat on revenue
Tesla has burned short sellers many times in the past, but the company’s latest Earnings Call was a chance for those skeptics to taste some payback. Although the company gave some very transparent information regarding future projects, the rollout of Robotaxi, Optimus, and Semi, many investors took their profits on Thursday.
Notable short sellers like Michael Burry have been transparent about their skepticism around Tesla shares. Burry just revealed three weeks ago that he had opened up a new short on the stock, stating he shorted Tesla shares at $416.22. “Happy it jumped back to this level,” he said in a blog post.
At the time of publication, Tesla shares were down about 3 percent and the stock was trading at $309.92.
News
Tesla door handle saga gets its latest chapter and a big change is coming
Tesla’s long-standing saga regarding its door handles and a manual release has entered its latest chapter, and as a result, a big change is coming.
On Friday, the National Highway Traffic Safety Administration (NHTSA) denied Tesla’s petition that was seeking a defect investigation into roughly 180,000 Model 3 vehicles for an issue involving the emergency mechanical door release.
🚨 The NHTSA denied a petition from Tesla that would have thrown out concerns regarding its door handles.
NHTSA said Tesla’s petition did not present evidence of a safety-related defect warranting an investigation. The agency said a rulemaking process would be a better strategy. pic.twitter.com/j6PzUBM1mT
— TESLARATI (@Teslarati) July 24, 2026
NHTSA said that Tesla’s petition did not present evidence of a safety-related defect in the door handles or their emergency releases. Instead, the agency determined that it would rather solve the issue of the lack of labeling or location of emergency mechanical door releases and the federal safety rules that govern them.
Essentially, the NHTSA wants to create and enforce rules that would require automakers to make emergency door latch releases more clearly labeled in a car. Despite a Tesla having manual door releases on all four passenger doors, many people do not know they exist or how they work.
Tesla addresses door handle complaints with simple engineering fix
In recent times, Tesla has faced some criticism involving its door handles, specifically because some occupants have reported that they are unable to exit their vehicles after losing power. The door handles on a Tesla are electronically operated, but in the event that the 12V battery dies, there is a manual release that can be used.
The NHTSA only identified a single complaint involving the mechanical door releases: a 2022 Model 3 owner said the release was concealed and unlabeled after the vehicle lost power after a front-end collision. It has also already started to create a separate rulemaking process to make emergency door-egress systems more obvious.
It should be noted that all Teslas have mechanical emergency door releases, but they are placed in various locations as the vehicles have aged and been redesigned from year to year. Refer to the safety manual for your vehicle if you have any confusion about where the emergency releases are and how they work.