News
Elon Musk is redefining the ‘ICE age,’ turning combustion engine cars into museum relics
Tesla might be bringing in a new definition for the term “Ice Age.” Instead of “a long period of reduction in the temperature of the Earth’s surface and atmosphere, resulting in the presence or expansion of continental and polar ice sheets and alpine glaciers,” Tesla’s Ice Age has to do with the disappearance of ICE, meaning Internal Combustion Engines. A relatively small percentage of the world’s vehicles are powered by battery cells, with the overwhelming majority of passenger modes of transportation being fueled by gasoline or diesel. However, Tesla is turning the tide by offering enhanced battery cell technology and making their cars more appealing than their gas counterparts.
Simply put, the development of Tesla’s battery-powered cars are bringing in a new era of transportation. Soon enough, gas cars will be the minority, and Teslas, along with other electric vehicles, will be the most popular cars on the road. How this will happen for the next twenty to thirty years comes down to the development of electric vehicles and the process of making them better than their adversary. Without a doubt, Tesla and Elon Musk are leading the charge.
Interestingly, Musk’s development of affordable electric transport is strikingly similar to Henry Ford’s development of the Model T. In 1908, Ford produced the first Model T, a step toward making cars a more mainstream and widely-affordable type of transportation for everyday people. While the rich and wealthy had been riding around in cars since the 1880s, Ford knew that the way cars were made had to be streamlined and that people would eventually need something affordable.
One hundred years after Ford produced the first Model T, Tesla was releasing the first Roadster. An expensive, but functional and revolutionary machine, the Roadster was really the first electric car that could be taken seriously. It had performance, range, and a car company that was only focusing on EVs had built it, so consumers knew it was the specialty of the company, not just some interesting side project.
The similarities between the two situations are resemblant to each other because both Musk and Ford knew that: 1) Transportation had to be revolutionized, and 2) Cars needed to be affordable.
Before the first cars were being built, people were primarily traveling by horse and buggy, by water, or by passenger trains. A combustion engine was the next best thing at the time because Ford knew how to make it affordable for the average person. It also gave people the freedom to travel where they wanted, and the time they desired instead of being packed into train cabins like a pack of sardines.
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Musk’s situation is that, while cars were already functional and nearly everybody had one, the industry needed to be revolutionized once again. Gas cars dominated the market because there was really no other option, but Musk saw a better way.
While the 2008 Roadster certainly wasn’t a perfect fit into everyone’s financial plan, it gave Tesla a headstart in the EV sector. Tesla was forced to work out the kinks that other car companies are experiencing now early on in its existence. The car’s hefty price tag definitely wasn’t for everyone. Still, it allowed Tesla to round up additional cash for its future projects, which included more affordable models and ramped production lines.
It is pretty rare that anyone sees a Model T on the road. Apart from if you’re in Los Angeles and you happen to see Jay Leno strolling around in his, or if you’re at Hershey Park riding on the Sunoco “Fast Lane” ride, you’re more than likely not going to see one puttering around. The fact that many people have never seen a Model T in real life is a sneak preview of what is to come in the automotive industry over the next 50 to 100 years: a disappearance of gas-powered cars. In their place, electric vehicles will roam the streets, free of noise and fossil fuel-driven pollution.
While the combustion engine was improved over time to increase efficiency and performance, the same thing needed to be done with batteries. Tesla’s Battery Day event on Tuesday brought to light how the electric automaker plans to deal with this roadblock. The company’s cars need to continue to improve. Efficiency needs to get better, longevity, performance, you name it. Tesla unveiled a new battery cell during the event that will effectively usher in the beginning of the new ICE Age.
Tesla debuts new 4680 battery cell: 500% more energy, 6X power, range increase
With the developments, gas-powered engines are beginning to appear pointless. When the cost of battery cell manufacturing goes down, people will be forced to reconsider what they’re driving now, especially if it is a gas-powered vehicle. While EVs are already appealing because of their low maintenance requirements, they will also be the same price as gas cars within the next 3-5 years, which is really the biggest factor in why consumers buy cars, to begin with.
Just like a tube television, in a few decades, the young children will point at cars with tailpipes and say, “Mommy, what’s that Tesla with a pipe coming out of the back of it?” The Mother will answer, “Oh honey, that’s a gas car. They’ve been extinct for nearly 20 years.” This conversation will happen while both begin to breathe significantly cleaner air, and the average global temperature will be reduced. Not to mention, the quick back and forth will also occur at an Automotive History Museum, because gas cars will be so rare, that will be the only place most will see them.
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Elon Musk
Tesla confirmed HW3 can’t do Unsupervised FSD but there’s more to the story
Tesla confirmed HW3 vehicles cannot run unsupervised FSD, replacing its free upgrade promise with a discounted trade-in.
Tesla has officially confirmed that early vehicles with its Autopilot Hardware 3 (HW3) will not be capable of unsupervised Full Self-Driving, while extending a path forward for legacy owners through a discounted trade-in program. The announcement came by way of Elon Musk in today’s Tesla Q1 2026 earnings call.
🚨 Our LIVE updates on the Tesla Earnings Call will take place here in a thread 🧵
Follow along below: pic.twitter.com/hzJeBitzJU
— TESLARATI (@Teslarati) April 22, 2026
The history here matters. HW3 launched in April 2019, and Tesla sold Full Self-Driving packages to owners on the understanding that the hardware was sufficient for full autonomy. Some owners paid between $8,000 and $15,000 for FSD during that period. For years, as FSD’s AI models grew more demanding, HW3 vehicles fell progressively further behind, eventually landing on FSD v12.6 in January 2025 while AI4 vehicles moved to v13 and then v14. When Musk acknowledged in January 2025 that HW3 simply could not reach unsupervised operation, and alluded to a difficult hardware retrofit.
The near-term offering is more concrete. Tesla’s head of Autopilot Ashok Elluswamy confirmed on today’s call that a V14-lite will be coming to HW3 vehicles in late June, bringing all the V14 features currently running on AI4 hardware. That is a meaningful software update for owners who have been frozen at v12.6 for over a year, and it represents genuine effort to keep older hardware relevant. Unsupervised FSD for vehicles is now targeted for Q4 2026 at the earliest, with Musk describing it as a gradual, geography-limited rollout.
For HW3 owners, the over-the-air V14-lite update is welcomed, and the discounted trade-in path at least acknowledges an old obligation. What happens next with the trade-in pricing will define how this chapter ultimately gets written. If Tesla prices the hardware path fairly, acknowledges what early adopters are owed, and delivers V14-lite on the June timeline it committed to today, it has a real opportunity to convert one of the longest-running sore subjects among early adopters into a loyalty story.
Elon Musk
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Tesla’s Optimus factory in Texas targets 10 million robots yearly, with 5.2 million square feet under construction.
Tesla’s Q1 2026 Update Letter, released today, confirms that first generation Optimus production lines are now well underway at its Fremont, California factory, with a pilot line targeting one million robots per year to start. Of bigger note is a shared aerial image of a large piece of land adjacent to Gigafactory Texas, that Tesla has prominently labeled “Optimus factory site preparation.”
Permit documents show Tesla is seeking to add over 5.2 million square feet of new building space to the Giga Texas North Campus by the end of 2026, at an estimated construction investment of $5 billion to $10 billion. The longer term production target for that facility is 10 million Optimus units per year. Giga Texas already sits on 2,500 acres with over 10 million square feet of existing factory floor, and the North Campus expansion is being built to support multiple projects, including the dedicated Optimus factory, the Terafab chip fabrication facility (a joint Tesla/SpaceX/xAI venture), a Cybercab test track, road infrastructure, and supporting facilities.
Texas makes strategic sense beyond the existing infrastructure. The state’s tax structure, lower labor costs relative to California, and the proximity to Tesla’s AI training cluster Cortex 1 and 2, both located at Giga Texas and now totaling over 230,000 H100 equivalent GPUs, means the Optimus software stack and the factory producing the hardware will share the same campus. Tesla’s Q1 report also confirmed completion of the AI5 chip tape out in April, the inference processor designed specifically to power Optimus units in the field.
As Teslarati reported, the Texas facility is intended to house Optimus V4 production at full scale. Musk told the World Economic Forum in January that Tesla plans to sell Optimus to the public by end of 2027 at a price between $20,000 and $30,000, stating, “I think everyone on earth is going to have one and want one.” He has previously pegged long term demand for general purpose humanoid robots at over 20 billion units globally, citing both consumer and industrial use cases.
Investor's Corner
Tesla (TSLA) Q1 2026 earnings results: beat on EPS and revenues
Tesla (NASDAQ: TSLA) reported its earnings for the first quarter of 2026 on Wednesday afternoon. Here’s what the company reported compared to what Wall Street analysts expected.
The earnings results come after Tesla reported a miss on vehicle deliveries for the first quarter, delivering 358,023 vehicles and building 408,386 cars during the three-month span.
As Tesla transitions more toward AI and sees itself as less of a car company, expectations for deliveries will begin to become less of a central point in the consensus of how the quarter is perceived.
Nevertheless, Tesla is leaning on its strong foundation as a car company to carry forward its AI ambitions. The first quarter is a good ground layer for the rest of the year.
Tesla Q1 2026 Earnings Results
Tesla’s Earnings Results are as follows:
- Non-GAAP EPS – $0.41 Reported vs. $0.36 Expected
- Revenues – $22.387 billion vs. $22.35 billion Expected
- Free Cash Flow – $1.444 billion
- Profit – $4.72 billion
Tesla beat analyst expectations, so it will be interesting to see how the stock responds. IN the past, we’ve seen Tesla beat analyst expectations considerably, followed by a sharp drop in stock price.
On the same token, we’ve seen Tesla miss and the stock price go up the following trading session.
Tesla will hold its Q1 2026 Earnings Call in about 90 minutes at 5:30 p.m. on the East Coast. Remarks will be made by CEO Elon Musk and other executives, who will shed some light on the investor questions that we covered earlier this week.
You can stream it below. Additionally, we will be doing our Live Blog on X and Facebook.
Q1 2026 Earnings Call at 4:30pm CT https://t.co/pkYIaGJ32y
— Tesla (@Tesla) April 22, 2026
