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Tesla’s next-gen Roadster is ushering in the automotive industry’s ‘Megacar’ era
Elon Musk is a man driven by his limits. The man behind electric car maker Tesla, Musk has led the company from its small Silicon Valley startup days to its current status as a $50 billion automaker with a market cap that rivals that of Ford and GM. With each vehicle that Musk releases, Tesla disrupts an industry, and with the next-generation Roadster, the CEO is aiming to create a true halo car.
Christian von Koenigsegg is a man driven by his passion. The man behind the small, exclusive supercar company Koenigsegg, Christian is known for pushing the limits of the vehicles he releases. Koenigsegg might be far smaller than supercar makers like Ferrari and Lamborghini, but the few cars that it makes shake the automotive world. The Koenigsegg Agera RS, for one, currently holds the title as one of the fastest cars in the world after it reached speeds of 278 mph. The Koenigsegg One:1, named for its equal power-to-weight ratio, also packs 1,341 horsepower, or the equivalent of one megawatt of power. Koenigsegg’s cars are so powerful that some of them actually qualify as a hypercar instead of a supercar.
When Christian von Koenigsegg heard the specs of Tesla’s next-generation Roadster, his entire company’s roadmap for the coming years was shaken. In a recent statement to Top Gear, Koenigsegg admitted that his company was completely thrown off course by the listed specs of the all-electric supercar, even admitting that the experience itself was “frustrating.”
“We kind of had our future mapped out, and then we heard about the new Tesla Roadster and its insane acceleration numbers, and we thought ‘damn that’s put the gauntlet down.’ Sure, it must be really heavy, but that kind of acceleration? That’s frustrating!” he said.
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Christian noted that one of the biggest revelations by the arrival of the next-generation Tesla Roadster was that Elon Musk’s quoted specs for the vehicle were actually possible. In order to respond to the arrival of an electric car designed to deliver a “hardcore smackdown” to gas-powered vehicles, Koenigsegg and his engineers came up with a strategy that would allow one of its cars to give the Roadster some good competition.
“We thought, ‘this is not OK.’ We wondered whether it was possible, and yeah, it’s possible. Then we thought, ‘OK how do we deal with it? This is embarrassing.’ In two days we’d thought of a few things. The simplest way of putting it is like this: it’s combining direct drive, with the hybridization we have in a different format with free-valve engine technology, in a peculiar layout,” he said.
The concept that Koenigsegg and his team came up with is pretty much the fossil fuel-powered counterpart of the next-generation Tesla Roadster — one that is beyond a hypercar, perhaps even a “megacar” of sorts. Christian noted that he was partly annoyed at himself, for “needing a kick in the head to start thinking” about improving his vehicles’ acceleration.
“We’re talking 0-250 mph in 14 seconds, or something like this. It’s like, black marks all the way up to 250 mph (400 kph), pushing the combustion engine into the wall to try to make it more power dense than an EV for as long as possible. What we see with our engines, we’ve noticed that we’re just scratching the surface of what we can achieve,” he said.
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Elon Musk threw the gauntlet at legacy automakers when he unveiled the next-generation Tesla Roadster last year, and if Christian von Koenigsegg’s reaction to the vehicle is any indication, it appears that the all-electric supercar is doing precisely what it was intended for — it is forcing automakers to see electric cars as a formidable force, and it is driving them to adapt and come up with ways to make their vehicles even better and faster.
Interestingly, such a sentiment has been echoed by Tesla’s test driver for the next-generation Roadster, Emile Bouret, earlier this year. In a segment with YouTube’s VINwiki channel, Bouret, who drove the all-electric car the whole night during its unveiling, encouraged the auto community to support projects and vehicles like the next-generation Roadster, stating that the existence of such vehicles would affect the auto industry in a positive way as a whole.
“I love that I live in a world where all these cars exist. You have Koenigseggs and Paganis and Ferraris and Lamborghinis and McLarens and Porsches and Rimacs and Teslas. So, I know there’s a lot of hate out there, but I just don’t understand it. If you’re a car person, wouldn’t you root for everybody? I’m definitely rooting for them because the world will be a better place if that car does get built and it gets on the road because other people are gonna build cars to beat it — and we’re gonna win,” he said.
Considering that Koenigsegg appears to have come up with a solution to match the next-gen Roadster, it seems that Buoret’s words are coming true. As the Tesla Roadster and Koenigsegg’s upcoming vehicle are released to the market, the era of megacars could very well begin.
Tesla benefits from an incentive program in Texas that has become active following the loss of the $7,500 EV tax credit, which was a significant advantage for EV drivers.
In Texas, the State Commission on Environmental Quality has a grant program for light-duty motor vehicles that are either purchased or leased by consumers.
Referred to as the Light-Duty Motor Vehicle Purchase or Lease Incentive Program (LDPLIP), the program opened on October 13 and provides grants for consumers who want to buy new energy vehicles.
Will Tesla thrive without the EV tax credit? Five reasons why they might
The program allows for grants of up to $2,500 for electric or hydrogen fuel cell vehicles.
These are the eligibility criteria:
- Individuals or entities who purchase or lease an eligible vehicle on or after September 1, 2025, and who apply for or acquire title and registration of the vehicle in Texas
- Applicants must have taken possession of the vehicle before applying
- Applicants must commit to operating and registering the vehicle in Texas for at least one year
Additionally, the car must:
- Be included on the TCEQ Eligible Vehicle List
- Be new and must not have been the subject of any prior retail sale or lease
- Have a gross vehicle weight rating of 10,000 pounds or less
They are awarded on a first-come, first-served basis.
The good news is that Tesla’s entire vehicle lineup, as of October 7, qualifies. Here is what the LDPLIP’s list of qualifying vehicles shows for Tesla:
- Tesla Cybertruck AWD
- Tesla Cybertruck Beast
- Tesla Model S AWD
- Tesla Model S Plaid
- Tesla Model X AWD
- Tesla Model X Plaid
- Tesla Model Y Long Range RWD
- Tesla Model Y Long Range AWD
- Tesla Model Y Performance
- Tesla Model 3 Long Range RWD
- Tesla Model 3 Long Range AWD
- Tesla Model 3 Performance
This list was published during the day of October 7, which is coincidentally the same day Tesla launched its Tesla Model 3 ‘Standard’ and Tesla Model Y ‘Standard.’
We reached out to the program to confirm that these vehicles qualify for that grant, and we will update when we hear back.
With the loss of the Federal EV Tax Credit, local programs are still available to help with the cost of an EV. Although electric cars are affordable, there are benefits to choosing one, especially as these grant programs continue to become available.
The full list of vehicles that qualify for the grant is available here.
Tesla has made a last-ditch effort to secure the $56 billion pay package for CEO Elon Musk, which was approved twice by company shareholders, after a Delaware Chancery Court denied the frontman the payday.
Perhaps one of the biggest issues from a standpoint of being fluent in Tesla-related events has been Musk’s pay package.
It was approved by shareholders once in 2018, and required Musk to oversee various growth tranches that would bring investors value. He completed each of the tranches and was entitled to the pay package.
However, the Delaware Chancery Court decided in January 2024 to rescind the pay package, which Musk had earned, based on a suit filed by a shareholder.
Chancellor Kathaleen McCormick ruled that Tesla’s board lacked independence from Musk when the pay package was approved in 2018, and that it should not be granted.
She called it “an unfathomable sum.”
In response to the pay package’s rejection by Chancellor McCormick, Tesla held a second shareholder vote last year, which once again showed investors were willing to support Musk’s payday. It was approved by shareholders, but it was once again denied by the court.
Today, Tesla attorneys argued to the Delaware Supreme Court that the pay package should be restored because of last year’s vote by shareholders.
Jeffrey Wall, an attorney for Tesla, said (via Reuters):
“This was the most informed stockholder vote in Delaware history. Reaffirming that would resolve this case. Shareholders in 2024 knew exactly what they were voting.”
In a response to the decision by the Delaware courts last year, Tesla proposed a new pay package for Musk in September, which would give him a potentially $1 trillion compensation plan. It would require Musk to help Tesla reach several performance-based growth milestones, including achieving an $8.5 trillion market cap.
Elon Musk’s new pay plan ties trillionaire status to Tesla’s $8.5 trillion valuation
Musk is currently worth $483 billion, making him the richest person in the world. If he were to achieve his pay package tranches, granted the new pay package is passed at the Shareholder Meeting in November, he would easily be the first trillionaire.
News
Tesla makes big move with its Insurance program
Tesla Insurance launched back in late 2019, and it was massive because it was the first time a company aimed to cover its vehicle owners in-house without the need for third-party companies.
Tesla Insurance is heading to a new state for the first time in years, as the company is aiming to launch its in-house coverage platform in Florida.
Tesla Insurance launched back in late 2019, and it was massive because it was the first time a company aimed to cover its vehicle owners in-house without the need for third-party companies.
Tesla Insurance goes live with claims of lower rates by 20-30%
However, it has struggled to expand and only offers insurance in twelve states currently.
Tesla Insurance is available in:
- Arizona
- California
- Colorado
- Illinois
- Maryland
- Minnesota
- Nevada
- Ohio
- Oregon
- Texas
- Utah
- Virginia
In California, Tesla cannot offer real-time insurance or telematics due to regulatory rules.
The company uses a Safety Score to adjust rates based on driving behaviors. The current version, which is called Safety Score Beta v2.2, tracks Hard Braking, Aggressive Turning, Unsafe Following, Excessive Speeding, Late-Night Driving, Forced Autopilot Engagement, and Unbuckled Driving to determine the rate it should charge.
Tesla is working to expand into new markets and has filed applications to launch the program into new U.S. states. Back in 2022, it filed to offer insurance to Florida drivers, but it did not launch.
However, the company just filed to update its Private Passenger Auto program in Florida, according to the insurance site CoverageR.
It would be the first new state to obtain Tesla Insurance since Utah and Maryland launched over three years ago.
Tesla has its eyes on other states, including Georgia, New Jersey, Oregon, and Virginia.
It has also tried to expand to Europe, as it opened an office specifically for Insurance. It was also hiring for Legal Counsel specializing in Insurance on the continent, but nothing ever expanded to an actual offering of vehicle coverage.
Tesla Insurance is an advantage for owners specifically because the company is familiar with its vehicles, the parts, and the repair processes that are required to get a car back on the road.
This was a big reason some drivers switched from the previous providers to the in-house Insurance Tesla was able to offer.
Tesla benefits from new incentive program that’s active after tax credit loss
Tesla’s pay package saga with Elon Musk enters its final chapter
Tesla makes big move with its Insurance program
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