Connect with us
Elon Musk Elon Musk

News

Tesla and Elon Musk passed up on 2023 ‘World’s Greatest Disruptors’ list

Credit: Tesla

Published

on

Newsweek has published its annual “World’s Greatest Disruptors” list for the automotive industry, notably excluding both Tesla and Elon Musk.

No matter how you view Tesla CEO Elon Musk, his impact on the automotive industry and the world is clear, and at no time has it been more so than this year. Every significant automaker globally now plans to produce electric vehicles, and the man and company that started this process were Elon Musk and Tesla. Nonetheless, Musk’s impact is still debated, which is on clear display today, as Newsweek passed up on the CEO and his company on its annual “World’s Greatest Disruptors” list.

Newsweek’s Disruptors list comprises nine categories, including both brands and their executives. This year’s winners are as follows:

  • Visionary of the Year Award – Oliver Zipse, Chairman of the Board of BMW
  • Executive of the Year Award – Akio Toyoda, Chairman of the Board of Toyota Motor Corporation
  • Designer of the Year Award – Luc Donckerwolke, Chief Creative Officer, Hyundai Motor Group
  • R&D Team of the Year Award – BMW
  • Powertrain of the Year Award – Lucid Motors
  • Marketing of the Year Award – Genesis
  • Sustainability of the Year Award – Lamborghini
  • The Technology of the Year Award – Ford Pro
  • Legacy of Disruption Award – Torsten Muller-Ötvös, CEO of Rolls-Royce

“These auto disruptors are changing not just the way we drive but the way we live,” said Nancy Cooper, Global Editor in Chief, Newsweek. “Most of us spend a lot of time in our cars. Our honorees are making cars more sustainable, safer, more accessible, more comfortable and even more interactive.”

Ironically, Tesla has won numerous awards and recognitions globally for its focus on sustainability, safety, and accessibility. Most recently, Tesla outlined how it continues to reduce its global carbon emissions and rare earth materials use at its Investor Day event earlier this year, both of which are industry-leading actions.

Further, Tesla’s most popular models, the Model 3 and Model Y, have consistently been awarded top safety scores in Europe and the United States.

Finally, and perhaps most importantly, Tesla vehicles have become more accessible than ever, not only because of software improvements but also because of incredible price cuts. These dramatic improvements have allowed more people to electrify transport globally than ever before.

There is no doubt that Tesla has a lot of work to do to achieve its goals of carbon neutrality and helping shift the world to an “electrified economy.” Nonetheless, the company and its founder’s absence from traditional awards is troubling. Hopefully, the work that Tesla has put in to improve humanity can be recognized in the near future, but there is no doubt that with or without the awards, the effects of Tesla’s actions are being felt worldwide.

Advertisement
-
-

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!

Will is an auto enthusiast, a gear head, and an EV enthusiast above all. From racing, to industry data, to the most advanced EV tech on earth, he now covers it at Teslarati.

Advertisement
Comments

Elon Musk

Elon Musk sheds two new bits of detail on Starship after 13th test launch

Published

on

Credit: SpaceX

Elon Musk shed two new bits of detail on Starship following its 13th test launch, which was an overwhelming success.

SpaceX launched Starship for the 13th time last Friday after two delays: one on Monday when several Raptor engines did not ignite, and another on Thursday due to unfavorable weather conditions in Starbase, Texas.

The launch was overwhelmingly successful. SpaceX was able to complete a necessary test of the heat shield tiles by increasing the acceleration of Starship from launch throughout the flight; 20 Starlink v3 satellites were released with no issue; the Super Heavy Booster landed safely in the Gulf of America, Ship successfully reignited engines while in space; and it also splashed down without incident in the Indian Ocean.

SpaceX Starship just nailed something it’s never done before

Nevertheless, more details are coming out about Starship, and Musk is doing the talking.

Starship Will Be Retrieved in the Ocean

Musk revealed on Tuesday night that Starship would be recovered by a ship in the Indian Ocean. SpaceX routinely tries to recover Starship after splashdown in an effort to find out more about the flight by examining the spacecraft afterward.

This helps engineers find out more about why things might have happened, allows them to examine any potential damage or anomalies that might have occurred, and increases the chances of an even more successful flight next time thanks to the additional information recovered.

Ship Could Have Been Caught by Tower Arms, Musk claims

Musk has already indicated that SpaceX will plan to attempt a catch of Starship with the 14th test flight. While this would be a major accomplishment, it would be an expected next step, considering the fact that the Super Heavy Booster has already been caught by the chopsticks on numerous occasions.

A ship catch would be a great indication of where SpaceX stands in terms of reusability and launch cadence. A successful catch with relatively no incidents would be a good sign that SpaceX is nearing a more frequent launch of Starship, but also that the reusability of the massive rocket would be something many would expect in the near future.

It is a necessity to make life multiplanetary.

Advertisement
-
-
Continue Reading

Elon Musk

Elon Musk updates the SpaceX timeline for Mars

Published

on

Rendering of a colonized Mars by way of SpaceX
Rendering of a colonized Mars by way of SpaceX

Elon Musk has updated his timeline for when humans will walk on Mars and for when ships will simply get there.

The objective of getting to Mars has been one of Musk’s biggest goals since becoming a serial entrepreneur and realizing that time on Earth is limited. Musk has said several times he hopes to die on Mars, and not by impact.

Musk now believes that people will be on Mars in “roughly 5 to 7 years.” He said that a Mars lander will get there “a few years sooner.”

The response from Musk comes after NASA Administrator Jared Isaacman said that SpaceX’s biggest priority is the Moon and not Mars. Because of this, Isaacman conceded that he believes nuclear power and propulsion investments will provide “potentially the pathway with the fewest miracles required to put four people on Mars in the next 10 to 15 years.”

Advertisement
-
-

Of course, this is what NASA can do through taxpayer funding and nuclear investments, he added.

Musk’s grand ambitions are much more optimistic than most, and it is certainly a double-edged sword. This is not the first time timelines for Mars have been somewhat lofty, especially to those normal thinkers like you and me, not super geniuses like Musk.

SpaceX Board has set a Mars bonus for Elon Musk

In fact, the SpaceX and Tesla frontman has said on at least a dozen occasions that we could be on Mars in the coming years. Musk said 2020 would be the big year as early as 2009. In 2020, he was “highly confident” of a landing in 2026, and had even said 2024 in a best-case scenario.

The point is, the range has varied, and it’s anyone’s guess when we’ll get there. This latest adjustment to the timeline is typical of Musk, and while the Moon has seemingly taken priority over Mars, it is still worth mentioning that the ultimate goal is to make life multiplanetary, and it starts potentially with the Red Planet.

Continue Reading

Investor's Corner

SpaceX gets an absolutely crazy price target after rough IPO

Published

on

Credit: SpaceX

SpaceX (NASDAQ: SPCX) got an absolutely crazy price target rating from Raymond James after the company experienced a tough first few weeks following its Initial Public Offering (IPO).

Despite the tumultuous start, SpaceX has plenty of believers, and the company’s massively successful Starship launch last Friday, its 13th test flight of the massive rocket, went so smoothly that Raymond James analysts pushed its price target on the company to roughly 7 times its current trading level.

SpaceX Starship just nailed something it’s never done before

The firm officially put a “Strong Buy” rating and an $800 price target on the stock. It currently trades at around $113. Its all-time high is $225.64, reaching this trading level shortly after shares first went public.

Raymond James’ price target is tied to the firm’s confidence after Starship’s 13th test flight. Analysts at the firm said it was an incremental step that reduces engineering risks, citing the widely successful heat shield test that CEO Elon Musk recently detailed, the smooth deployment of Starlink V3 satellites, and a successful in-space engine relight.

SpaceX also managed to see Starship splash down safely in the Indian Ocean, while the Super Heavy Booster fell down to the Gulf of America with no incidents.

It is interesting to see these launches have such a tremendous impact on the stock and what investors think of it. After SpaceX initially delayed the Starship launch last week, shares fell tremendously. Most probably did not realize that the stand-down is a standard practice, especially if everything is not perfect.

Advertisement
-
-

The mission was initially aborted due to an issue with Raptor engines. This was resolved, and Starship launched last Friday after another delay on Thursday, which was caused by weather.

Now that analysts have seen what SpaceX launches are capable of and how impressive the feat is, firms are adjusting their price targets accordingly, making it known that they have high expectations for the space exploration company.

Continue Reading