Connect with us

News

Tesla’s Elon Musk trades compliments with Volkswagen CEO at Auto Award show

Credit: YouTube/AUTO BILD

Published

on

Tesla CEO Elon Musk and Volkswagen Auto Group CEO Herbert Diess answered questions jointly regarding the future of electric vehicles in Germany during the 2019 Golden Steering Wheel Awards in Berlin. The two CEOs gave each other numerous words of wisdom as they both work toward a future involving sustainable transportation.

Musk flew to Berlin on November 12 to accept a prestigious Golden Steering Wheel Award won by the Tesla Model 3. This award comes on the heels of Tesla’s Navigate on Autopilot receiving top honors from Germany’s Connected Cars Innovation. After accepting the award for the company’s most affordable sedan, Musk was joined by Volkswagen’s Herbert Diess on stage, where both CEOs were asked about if they were inspired by one another. “First of all, I really wanted to congratulate you, great achievement, I know all of this competition here in Germany, this award, its a great achievement. We know each other, we don’t meet so often though. I would say that we share a vision, which is that we only can achieve the CO2 targets and reduce carbon emissions through electric cars,” Diess said.

An interesting quote from Diess, as the Volkswagen CEO was under fire for the company’s “Dieselgate” emissions scandal where the German automaker was caught placing emissions cheat devices in its vehicles. Although Diess joined VW after the scandal began, he was under intense scrutiny from some German government agencies for stock manipulation. Since the beginning of the Dieselgate scandal, Volkswagen has paid around $33 billion in penalties. The company is attempting to put the scandal behind them and move onto battery-powered cars. Diess announced the Volkswagen ID.3 electric-car on September 9, the company’s first attempt at a non-gasoline powered vehicle.

Despite the allegations against Diess, he has received kind words from Musk, who stated on Twitter “Herbert Diess is doing more than any big carmaker to go electric. The good of the world should come first. For what it’s worth, he has my support.” Musk offered his two cents following the announcement that VW would begin producing its own lithium-ion batteries in an attempt to transition to the mass-production of electric vehicles in the future.

Musk was then asked why Germany was so far behind on the electric vehicle revolution. “Well, first of all, I don’t think Germany is that far behind. But I always think it’s difficult when, you know, there’s a lot of momentum around in all technology. There is a lot of infrastructure, a lot of capital and that kind of thing that is tied up in all the technology,” Musk said. “When you have new technology, the market is unproven. So then, you say ‘Does it really make sense to place a bet on this technology that is unproven?’ And when we started out at Tesla, everyone thought we were huge fools. I thought we were fools too, frankly. But I thought it was important to get to ultimately a sustainable energy future,” he added.

Advertisement

Diess and Musk were sure to trade compliments during the question and answer session, noting the motivation they give each other toward the mission of creating environmentally-friendly and sustainable transportation. “I thank you for pioneering, for pulling us, for pushing us. I think really Elon is the innovator, which is driving us along. So it’s worthwhile to talk about batteries and the right concepts, and I always enjoy talking to you because, he’s really a visionary,” Diess said about the Tesla CEO.

Elon Musk has always said that Tesla’s competitors are not those companies who are also making electric cars, but the companies working toward keeping petrol-based vehicles as the primary source of transportation in the world. Musk and Diess working together toward the ultimate goal of sustainability shows the future of electric cars depends on working together and recognizing the only way to achieve the goal of environmental-sustainability and longevity is to develop the technology together. With Volkswagen ultimately deciding to invest $33 billion into the future of electric vehicles, the German-based company evidently wants to put their emissions scandal behind them, and it seems they have support from the frontman of the electric vehicle movement.

You can watch the entire Golden Steering Wheel Awards ceremony below:

Advertisement

Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

Advertisement
Comments

Elon Musk

SpaceX Starship just nailed something it’s never done before

SpaceX’s Starship flew successfully Friday, landing both stages and deploying its first Starlink V3 satellites.

Published

on

By

Starship’s thirteenth test flight delivered exactly what SpaceX needed with a clean liftoff, two successful stage recoveries, and the first real payload the vehicle has ever carried to space. Booster 20 and Ship 40 lifted off at 5:51 p.m. CT from Starbase, and by the time the mission wrapped roughly an hour later, both halves of the rocket had done exactly what they were supposed to do.

Booster 20 separated from Ship 40 a few minutes into the flight and stuck a controlled splashdown in the Gulf of Mexico about six minutes after liftoff. That is a meaningful turnaround from Flight 12 in May, when the booster lost several engines during its boostback burn before a hard water landing attempt.


Starship 40’s performance was arguably the bigger win. The vehicle deployed the first 20 operational Starlink V3 satellites Starship has ever carried, then flew a suborbital arc to a landing in the Indian Ocean that SpaceX commentator Dan Huot called the company’s softest splashdown yet. “This is a dream scenario for this team that’s trying to get this heat shield data,” Huot said on the live broadcast, according to Space.com’s live coverage. “I’m a little over the moon right now. Wow. Lucky number 13.”

Unlike the mass simulators SpaceX flew on Flight 12, these were production Starlink V3 satellites, meant to extend solar arrays and antennas and attempt to link with the broader constellation before reentering minutes later. Getting real hardware through a full deploy sequence on only the second flight of the V3 generation keeps Starship on schedule for the payload work NASA is counting on for future Artemis lunar landings.

Advertisement

— TESLARATI (@Teslarati) July 25, 2026

The flight also arrives at a moment when SpaceX needed a win. SPCX has traded below its $135 IPO price since mid-July, as Teslarati reported when the mission slipped to Friday, and short interest has climbed to roughly a third of the tradable float. A clean flight will not fix a balance sheet, but it does answer the one question SpaceX absolutely needed answered this week: whether the fixes made after the July 16 abort would hold up under real flight conditions. They did, on both stages, on the first try after the redesign.

SpaceX has not set a target date for Flight 14, though the company has said it wants to push toward an orbital attempt on the next mission. After Friday, that goal looks a lot more within reach.

Advertisement
Continue Reading

News

Tesla’s Supercharger Diner probably just secured more locations

Published

on

tesla diner
Credit: Tesla

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:

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

Advertisement

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.

Continue Reading

Investor's Corner

Tesla short sellers win big after shares fall after earnings

Published

on

A red Tesla Roadster driving around a turn
(Credit: Tesla)

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 BloombergShares 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.

Advertisement

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.

Advertisement

At the time of publication, Tesla shares were down about 3 percent and the stock was trading at $309.92.

Continue Reading