

News
Tesla ally Herbert Diess shows why Volkswagen’s EVs are better than its own gas cars
It appears that Herbert Diess, the Chairman of the Board of Management of the Volkswagen Group, is definitely standing firm on his idea that electric vehicles are the future. Diess recently reiterated this point in a post on LinkedIn, which emphasized how much savings customers would see if they chose to drive an electric car instead of a gas or diesel-powered equivalent.
What was quite interesting was that unlike other executives from companies such as Ford, some of whom are all too willing to throw shade at pure EV makers like Tesla, Diess highlighted his point by showing how Volkswagen’s electric vehicles are better than the company’s own ICE cars. The executive’s point was clear: shifting to EVs would save customers money, and Volkswagen’s electric cars are better than the company’s tried-and-tested ICE lineup.
“Driving a combustion engine car costs up to 50% more compared to an e-car. The Autozeitung does the math, taking into account all the costs: Driving a VW Tiguan costs around 30% more per kilometer than an ID.4. One kilometer in an Audi Q5 costs around 40% more compared to a Q4 e-tron. And driving a Skoda Kodiaq is around 50% more expensive per kilometer compared to an Enyaq. It’s time to switch!” Diess wrote.
It’s difficult not to be impressed by Herbert Diess’ consistency, especially when it comes to his stance on electric vehicles. Diess is a longtime EV proponent, and he is largely responsible for Volkswagen’s aggressive push into sustainable transportation. The executive is also known for his evident friendship with Tesla CEO Elon Musk, who he recently invited to speak at a VW executive conference.
During the conference, Diess made it a point to highlight that Volkswagen’s competitor, Tesla, is handling the chip and supply shortage by developing its own software in-house. This, as well as Tesla’s efficiency and speed, was among the reasons why Diess called for Volkswagen to transform its Wolfsburg site into a facility that could carry the German automaker into the future.
“As a surprise guest, Elon Musk joined us for a video talk in the evening. Happy to hear that even our strongest competitor thinks that we will succeed the transition if we drive the transformation with full power. One example for the speed of Tesla: They handle the chip shortage very well – the reason: they are developing their own software. Within just 2-3 weeks they had a new software which allows to use different chips. Impressive,” Diess wrote.
Volkswagen still has a long way to go before it becomes an undeniable force to be reckoned with in the electric vehicle sector. However, the company is on the right track. Very few executives are adopting a stance similar to Diess, after all, especially with regards to his willingness to emulate a much younger company that has all but dragged the auto sector into the EV transition. In the meantime, Volkswagen’s electric vehicle lineup continues to grow, with successful EVs like the Porsche Taycan and the ID.4 finding a home among car buyers worldwide.
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Elon Musk
Tesla rolls out Steer-by-Wire improvements to Cybertruck

Tesla is rolling out some improvements to the Steer-by-Wire system on Cybertruck, which is one of the features exclusive to the vehicle as it is not active on any other vehicle in the company’s all-electric lineup.
Steer-by-wire is a steering system that turns the direction of wheels mechanically. It differs from vehicles with typical electric power steering systems in the way that those rely on the steering wheel column to transfer steering torque to the wheels.
There are a handful of EVs that use steer-by-wire, including the Cybertruck, Hummer EV, and Silverado EV. The latter two use a traditional steering column and only have steer-by-wire on their rear wheels, so they differ from the system the Cybertruck uses.

Credit: Tesla
The system has made the massive Cybertruck have better steering, and although its size is large, it is one of the easier Tesla vehicles to steer through tight spaces — granted you have the room.
Tesla is making an improvement to the system, according to a new update that will roll out in the 2025.8.4 Software Update as the steering wheel is now going to give more realistic feedback by adapting to road surfaces, the company said (via Not a Tesla App):
“The steering wheel now gives you more realistic feedback, adapting to different road surfaces for a better driving experience.”
This feature will work alongside another improvement as the Cybertruck’s air suspension ride height is now adjustable through the Tesla App.
Tesla Cybertruck steer-by-wire system helps avoid potential collision
The changes from the update, in terms of the more realistic feedback, will improve the overall feel of the road for drivers, making for a better driving experience.
News
Rivian startup spinoff raises $105M in funding for micro EV production
Meet Also, Rivian’s micro EV spinoff, now a full-fledged startup with $105M in funding. It’s adapting Rivian’s tech for compact EVs.

Rivian’s skunkworks program has turned into a full-blown startup called Also. The new startup, which is separate from Rivian, raised $105 million from Eclipse Ventures. Also will focus on micromobility or the development of micro electric vehicles.
Also started within Rivian, aiming to figure out if the electric vehicle company’s technology could be condensed to fit smaller EVs, including vans, trucks, and SUVs. Eventually, the skunkworks program discovered it could, indeed, fit Rivian’s technology in smaller, more compact electric vehicles, but the project was bigger than Rivian.
“We’ve been taking the Rivian technology stack and adapting it to much smaller form factors and then coming up with some incredibly exciting embodiments of that technology in these very small form factors,” Rivian CEO RJ Scaringe told Reuters.
Rivian will always be part of Also. It holds a minority stake in Also and Rivian’s VP of future programs, Chris Yu, will be the startup’s president.
According to Scaringe, Also plans to debut its first vehicle designs later this year. One of the designs seems to be a bike, as Scringe described it having a seat, two wheels, and a screen with a few computers and a battery.
Also aims to start producing its flagship product by 2026 for customers in the United States and Europe. In addition, it plans to launch consumer and commercial vehicles made for Asia and South America.
Investor's Corner
Financial Times retracts report on Tesla’s alleged shady accounting
“Turns out FT can’t do finance,” Tesla CEO Elon Musk quipped on X.

The Financial Times has issued a retraction for an article it recently published that accused the electric vehicle maker of shady accounting practices.
The FT’s retraction has been appreciated by the electric vehicle community in social media, though many highlighted the fact that the publication’s initial erroneous allegations have already been spread across numerous other media outlets.
The Allegations
In an article published on March 19, the Financial Times pointed out that if one were to compare “Tesla’s capital expenditure in the last six months of 2024 to its valuation of the assets that money was spent on,” “$1.4 billion appears to have gone astray.”
The FT article highlighted that Tesla reported spending $6.3 billion on “purchases of property and equipment excluding finance leases, net of sales” in the second half of 2024. However, in that period, the company’s property, plant, and equipment only rose by $4.9 billion. As noted by members of the r/Accounting subreddit, this appeared to be the basis of the FT‘s article, which seemed careless at best.
Unfortunately, the publication’s allegations were quickly echoed by other news outlets, many of which proceeded to accuse Tesla of implementing shady accounting practices.
The Retraction
In its retraction, the Financial Times explained that Tesla’s payments for assets already purchased and the possible disposal of depreciated property could help explain the alleged discrepancy in the company’s numbers. With these in consideration, the publication noted that the “crack we’re left with at Tesla is now small enough — just under half a billion dollars — to be filled with some combination of foreign exchange movements, non-material asset write-offs, or the sale of machinery or equipment close to its not-fully depreciated value.”
“As we sound the Alphaville bugle while lowering this particular red flag, one unavoidable conclusion is that at a certain point it’s necessary to trust the auditor’s judgment,” the publication noted.
Tesla CEO Elon Musk has responded to the Financial Times‘ retraction, commenting, “Turns out FT can’t do finance” in a post on social media platform X.
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