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.
This is a preview from our weekly newsletter. Each week I go ‘Beyond the News’ and handcraft a special edition that includes my thoughts on the biggest stories, why it matters, and how it could impact the future.
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.
A big thanks to our long-time supporters and new subscribers! Thank you.
I use this newsletter to share my thoughts on what is going on in the Tesla world. If you want to talk to me directly, you can email me or reach me on Twitter. I don’t bite, be sure to reach out!
Elon Musk
Trump’s invite for Elon just reshuffled Tesla’s big Signature Delivery Event
Tesla rescheduled its final Model S farewell to May 20 after Musk joined Trump in China.
Tesla has rescheduled its Model S and Model X Signature Edition delivery event to Wednesday, May 20, 2026, after abruptly calling off the original May 12 celebration. The event will take place at Tesla’s factory at 45500 Fremont Boulevard in Fremont, California, the same location where the Model S first rolled off the line in 2012. Invitees received a follow-up email asking them to reconfirm attendance and download a new QR code ticket, with Tesla noting that all travel and accommodation expenses remain the buyer’s responsibility.
The reason behind the original cancellation came into focus the same day it was announced. President Trump invited Elon Musk, Apple’s Tim Cook, BlackRock’s Larry Fink, Boeing’s Kelly Ortberg, and executives from Goldman Sachs, Blackstone, Citigroup, and Meta to join his trip to China this week for a summit with President Xi Jinping. The agenda covers trade, artificial intelligence, export controls, Taiwan, and the Iran war, following weeks of escalating friction between Washington and Beijing over AI technology, sanctions, and rare earth exports. Trump wrote on Truth Social, “I am very much looking forward to my trip to China, an amazing Country, with a Leader, President Xi, respected by all.”
Tesla launches 200mph Model S “Gold” Signature in invite-only purchase
The vehicles at the center of all this are the last Model S and Model X units Tesla will ever build. Priced at $159,420 each, the 250 Model S and 100 Model X Signature Edition units come finished in Garnet Red with a one-year no-resale agreement, giving Tesla right of first refusal if the owner decides to sell. As Teslarati reported, the Model S defined Tesla’s early identity as a serious luxury automaker, and the Fremont factory line that built it is now being converted to manufacture Optimus humanoid robots.
Musk’s inclusion in the China delegation drew attention given his very public relationship with Trump, and the invitation signals the two have moved past and past grievances. Trump originally brought Musk on to lead the Department of Government Efficiency following his inauguration, and despite a sharp public dispute in mid-2025, the two have appeared together repeatedly in recent months. A seat on the China trip, the most diplomatically consequential visit of Trump’s current term, puts Musk back at the table on U.S. economic policy at a moment when Tesla’s China revenue remains one of the company’s most important financial pillars.
Tesla has launched a new solution to a rare but relevant Supercharger problem with a new Virtual Waitlist, a remedy that will solve sequencing confusion when there is a line to charge at one of the company’s locations.
Teslarati reported on what we called the Virtual Queue last month. In rare occurrences, there were physical altercations at Superchargers when someone might have cut in line to charge. Tesla started to develop some sort of system that would resolve this issue, and now it is finally rolling it out.
Tesla launches solution to end Supercharger fights once and for all
It will start with a Pilot Program, and Tesla is calling it the ‘Waitlist.’
Announced on May 11 on the official TeslaCharging X account, the pilot program is currently active at sites in Los Gatos, Mountain View, and San Francisco in California, as well as San Jose, CA, and the Bronx, NY (East Gun Hill Road). Drivers are encouraged to share feedback directly through the Tesla app to refine the system before a potential broader rollout.
We’re now testing a new waitlist feature at 5 Supercharger sites. Share feedback through the Tesla app to help us make it better.
– Los Gatos, CA – Los Gatos Boulevard
– Mountain View, CA – El Monte Avenue
– San Francisco, CA – Lombard Street
– San Jose, CA – Saratoga Avenue
-… pic.twitter.com/epTVzpJxgW— Tesla Charging (@TeslaCharging) May 11, 2026
Tesla released the video above to showcase the feature, which automatically joins the waitlist when your vehicle has the Supercharger with the wait as the destination in the navigation. There is also a notification that lets you know your place in line.
In this specific example, the video shows that the wait is less than five minutes, and that there are two cars ahead of the one in the video:
Credit: Tesla
Having a wait at a Supercharger is relatively rare, but it does happen. It is even more frequent now that there are more EVs allowed to use the Supercharger Network. Those non-Tesla EVs can also join the queue, as Tesla added in its social media release of the pilot program that they can join the waitlist using the Tesla app.
The release of this program should help alleviate the rare risk of incidents at Superchargers. Tesla will expand this program as it sees fit, and it gathers valuable data and reviews from users.
Investor's Corner
Tesla Optimus is already benefiting investors, top Wall Street firm says
Piper Sandler has updated its detailed valuation model for Tesla (NASDAQ: TSLA), concluding that at recent share prices around $400–$420, investors are essentially acquiring the company’s ambitious Optimus humanoid robot project at no extra cost.
Tesla Optimus is already benefiting investors from a fiscal standpoint, at least that is what Alexander Potter at Piper Sandler, a top Wall Street firm covering the company, says.
Piper Sandler has updated its detailed valuation model for Tesla (NASDAQ: TSLA), concluding that at recent share prices around $400–$420, investors are essentially acquiring the company’s ambitious Optimus humanoid robot project at no extra cost.
Analyst Alexander Potter, in the firm’s latest “Definitive Guide to Investing in Tesla,” built a comprehensive framework covering 17 separate product lines.
This granular approach values Tesla’s core businesses—including electric vehicles, energy storage, Full Self-Driving (FSD) software, in-house insurance, Supercharging network, and a standalone robotaxi operation—at approximately $400 per share, without assigning any value to Optimus or related inference-as-a-service opportunities.
“At $400/share, we think investors can buy Optimus for ‘free,’” Potter stated in the note. Piper Sandler maintained its Overweight rating on Tesla shares and a $500 price target, which implicitly attributes roughly $100 per share to the robot-related businesses— a figure the analyst views as potentially conservative.
The updated model incorporates elements often overlooked by other sell-side analysts, such as detailed forecasts for Tesla’s insurance operations, Supercharger revenue, and a distinct valuation for the robotaxi business separate from FSD software licensing. It also accounts for Tesla’s 2025 CEO compensation plan for the first time.
Potter acknowledged that his estimates for 2026 and 2027 fall below Wall Street consensus, citing factors like declining deliveries from certain discontinued models and reduced regulatory credit income.
However, he expressed limited concern, noting that traditional vehicle delivery metrics are expected to matter less over time as FSD subscriber growth and robotaxi deployment metrics gain prominence. On Optimus specifically, Potter suggested the humanoid robot program, combined with inference services, “arguably will be worth more than Tesla’s other businesses combined,” though the firm has not yet produced formal long-term forecasts for these segments.
Tesla shares have traded near the $400 range in recent sessions, reflecting ongoing investor focus on the company’s autonomous driving progress and expansion into robotics and AI. The Optimus project remains in early development stages, with Tesla aiming to deploy the robots initially for internal factory tasks before broader commercial applications.
This Piper Sandler analysis highlights the growing emphasis among some investors and analysts on Tesla’s long-term technology platform potential beyond its current automotive and energy businesses.
As with any forward-looking valuation, outcomes will depend on execution timelines, technological breakthroughs, regulatory approvals for autonomous systems, and market adoption of humanoid robotics—areas that carry significant uncertainty and execution risk.
The note underscores a common theme in Tesla coverage: differing views on how to quantify emerging high-growth opportunities like robotics within the company’s overall enterprise value. Investors are advised to consider their own risk tolerance and conduct thorough due diligence regarding these speculative elements.
Trump’s invite for Elon just reshuffled Tesla’s big Signature Delivery Event
Tesla launches its solution to rare but relevant Supercharger problem
