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Tesla loses another potential rival as BMW abandons Vision M NEXT concept

Credit: BMW

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Tesla’s next-gen Roadster and Plaid Model S may have one less rival, as reports are now circulating that BMW has canceled its plans for the Vision M NEXT.

MotorTrend first reported that the German automaker scrapped plans for the vehicle. While the exact details are unknown, it seems the coronavirus pandemic’s negative impact on the automotive industry could be a pivotal contributor to BMW’s decision to shelve the plans for the Vision M NEXT.

The Vision M NEXT held a 0-100 km/h time of 3 seconds and a top speed of 186 MPH. The car also had a BOOST+ button that would allow for additional horsepower and acceleration for a short period of time. While the car was not fully electric, it did house a small battery that would contribute around 62 miles of electric range. The Vision M NEXT was widely considered as the template for a potential successor to the BMW i8, a hybrid sports car that was once compared to the original Tesla Roadster.

BMW has promised to build at least 25 electrified cars by 2023. Most automakers have felt a sharp decline in sales, revenue, and production as a result of COVID-19, and BMW is no different. When asked about the plans to scrap the Vision M NEXT, a BMW spokesperson did not confirm nor deny the rumors. “We are not able to comment on any products that have not been officially announced,” they told MotorTrend.

The company’s recent losses may have hit BMW in a place where non-essential vehicles were the first to go, as these are usually expensive to develop, produce, and manufacture. The Vision M NEXT is no exception. The car is made of carbon-fiber, which holds a high price, and based on the car’s performance specifications, the vehicle had a rumored price tag of $200,000, the same as the next-gen Tesla Roadster.

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As of now, the next-generation Tesla Roadster only has a handful of real rivals. Most notably, the Audi PB18 e-Tron comes to mind. The German automaker announced that its all-electric supercar would enter a low-volume production phase that would begin by January 2021. The vehicle has not been produced yet, but there is still some time left before its target manufacturing date.

Meanwhile, the Tesla Roadster is still the crown jewel of the electric automotive industry. Its 200 kWh battery pack allows for 620 miles of range, and its 1.9 second 0-60 mph speed is among the fastest in the industry. Details are still relatively unknown on production times for the Roadster, but Tesla CEO Elon Musk stated an update would be coming later in 2020.

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Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Tesla produces 100,000th new Model Y in Giga Berlin

The milestone was announced on X.

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Credit: Tesla Manufacturing/X

Tesla has produced its 100,000th new Model Y at Gigafactory Berlin. The milestone was announced by the electric vehicle maker through its official Tesla Manufacturing account on social media platform X. 

New Tesla Model Y milestone

The milestone was announced by Tesla on X, when the company wrote “Today, we built the 100,000th New Model Y at Giga Berlin!” The announcement was accompanied by an image of a new Model Y coming off the line.

The milestone was received warmly by members of the Tesla community, many of whom expressed excitement at the further progress of the new Model Y program at Giga Berlin. The facility, after all, only produces Model Y units, which would make it the perfect site to produce new variants like the Model Y Performance and possibly even the Model Y L, which was recently launched in China. 

New Model Y ramp

As noted in a previous report from electrive, the initial production of the new Model Y started in Giga Berlin around mid-January 2025. Since the new Model Y involved a changeover from the legacy Y to the new variant, the ramp of the new Model Y’s production at the Germany-based facility was likely a gradual process over the past months. 

It would then be no surprise if the next 100,000 new Model Y units would be produced in Giga Berlin in a shorter period. Giga Berlin could become an even bigger factor in Tesla’s global sales, after all, especially if it becomes the site that produces the Model Y Performance and the Model Y L for Europe and other territories. Giga Berlin, if any, seems to be quite busy recently, with aerial videos of the facility showing a fleet of mysteriously covered Model Y units being stored within the complex.

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Tesla set to win big after IRS adjusts EV tax credit rules

“For purposes of sections 25E, 30D, and 45W, a vehicle is ‘acquired’ as of the date a written binding contract is entered into and a payment has been made. A payment includes a nominal down payment or a vehicle trade-in.”

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Credit: Tesla

Tesla is set to potentially come out as a big winner as the IRS has adjusted the rules of the $7,500 EV tax credit slightly.

The $7,500 tax credit for electric vehicles is set to expire on September 30, but the IRS has made a slight adjustment to the terms of the credit that will give consumers a bit more time to buy an EV and receive the discount.

The original terms of the EV tax credit were that delivery of an EV must be completed by September 30. Even if you had made a reservation or put a down payment on an EV, if it did not arrive and take delivery by September 30, the credit would not apply to you.

Tesla is ready with a perfect counter to the end of US EV tax credits

This put some people in quite a tough situation. As wait times for some EVs, especially Tesla Model Y and Model 3 vehicles, continue to be pushed back due to an increase in demand as consumers are trying to take advantage of the credit, some car buyers ordered a car that was not the trim level, paint color, or interior color that they wanted.

However, the IRS has adjusted the terms of the tax credit to enable people to have a bit more time to get the vehicle they want.

Late last week, the agency said that the meaning of “acquired” has been changed, and now, if a consumer has entered a legally binding contract to take delivery of the vehicle, which includes a nominal down payment on the car, they can take delivery after the previous September 30 deadline and still qualify for the credit.

The IRS wrote:

“For purposes of sections 25E, 30D, and 45W, a vehicle is ‘acquired’ as of the date a written binding contract is entered into and a payment has been made. A payment includes a nominal down payment or a vehicle trade-in.”

Tesla could come out as a big winner here because of this. The company is experiencing a lot of demand for its cars because of the tax credit’s expiration, and now that the rule has been adjusted to include orders received by the 30th as long as they’re accompanied by a nominal down payment, some of these high-demand deliveries could leak into Q4.

Q3 is likely going to be a very strong quarter for Tesla, and questions remain about how the company will perform in subsequent quarters since the tax credit is going away. However, this slight adjustment is a big plus for Tesla and other EV makers.

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Tesla Semi factory receives giant production equipment

The massive machine was transported to the Semi factory using two diesel trucks and a triple trailer.

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Credit: @HinrichsZane/X

Tesla seems determined to kick off the production of the Tesla Semi sometime this year at its Nevada factory.

This was hinted at by the arrival of massive production equipment to the Semi’s manufacturing site near Giga Nevada.

New equipment

What appeared to be a massive stamping machine has been transported to the Giga Texas complex. Spotted by longtime drone operator and Tesla Semi advocate @HinrichsZane, the massive contraption is so large and heavy that a single semi truck and trailer were not enough to move it. Instead, the massive machine was shipped to the Semi factory using two diesel trucks and a triple trailer.

The machine was fully covered in the videos from Nevada, but based on its shape and size, it appears that it is a stamping press for the Class 8 all-electric truck. Tesla is a pioneer in the use of Megacasts in the automotive industry, so it makes sense for the company to use a Giga Press for the Semi’s production as well.

Ambitious goals

The Tesla Semi factory is expected to produce a whopping 50,000 units of the Class 8 all-electric truck annually when it is fully ramped. At that output, the facility would be one of the country’s highest-volume plants for semi trailers, electric or otherwise. In a video posted earlier this year, Dan Priestley, who leads the Semi program at Tesla, stated that the company is looking to achieve volume production over the coming quarters.

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This should allow the Tesla Semi factory to mass produce the vehicle by 2026. Tesla CEO Elon Musk reiterated this timeframe recently, when he responded to a post on social media platform X about Microsoft co-founder Bill Gates being bearish about battery electric semi trucks.  “Tesla Semi will be in volume production next year,” Musk said in his post, which also included a laughing emoji. 

Check out the drone operator’s recent footage of the Tesla Semi factory in the video below.

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