News
The MINI Aceman is both classic MINI and a new approach
MINI has released the first images and videos of their new Aceman concept EV and it marks a significant shift in design while retaining typical “mini-ness.” The vehicle may also be a departure from MINI’s first EV offering in terms of affordability.
As a note, I am a proud MINI owner. I drive a 2011 MINI Countryman S All4 and despite its flaws, I love what I can only describe as its “mini-ness,” and I’m not talking about the vehicle’s relatively small stature. “Mini-ness” is that intangible feeling that makes you think, “Why did they make this [insert part name] this way? And more concerningly, why do I like it?!” I am proud to say that from the initial images of the concept MINI Aceman, mini-ness is alive and well.
If released, the Aceman would be the brand’s second EV offering after the Cooper SE; however, though this hasn’t been confirmed, it would be likely that this would be the brand’s first purpose-built EV (perhaps built off the BMW iX platform) instead of an EV inside of the skeleton of an ICE mini. But this is only the start of the mystery surrounding the vehicle, as MINI was quite tight-lipped in what they shared about the vehicle, essentially only addressing the vehicle’s design and how it was “the beginning of a new MINI design era.”
While this vehicle is only a concept at this point, it does (according to mini) hint at future design. The MINI notably ditches leather and chrome and aims for a simple yet angular design. The exterior of the vehicle is quite exciting with a bright light blue body, a green hood, and red accents. The vehicle looks to be the size of the Countryman, if not a little bigger, but this may be the visual effect of the massive 20-inch wheels. The angularity of the exterior is exemplified in the hexagonal headlights/typical union jack taillights, as well as the hood that has (atypical for MINI) strong creases leading to the back of the vehicle. Nonetheless, the more general curviness of MINI design language remains in a couple of areas; the side and side profile.
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- Front of Mini Aceman Concept. Credit: Mini
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- Top view of Mini Aceman Concept. Credit: Mini
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- Side profile of Mini Aceman Concept. Credit: Mini
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- Rear quarter of Mini Aceman Concept. Credit: Mini
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- Rear of Mini Aceman Concept. Credit: Mini
The sharp design language continues to the interior, and this is where pinnacle mini-ness is found. What the brand calls “MINImalism” involves removing nearly everything from the front dash; limited and basic climate controls, no visible window switches, no steering column-mounted tachometer, and nothing but the center screen. And while this may sound similar to Tesla’s interior design language, I would argue that the lack of window switches and the circular center screen help achieve the mini-ness feeling.
The fun coloring also continues within the cabin of the Aceman, but that wasn’t weird enough for MINI designers, they had to throw random geometric shapes on the seats and within the texture of the door panels/interior door handles. Once again; why did they design it this way? and why do I like it?!?!
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- Front dash of Mini Aceman Concept. Credit: Mini
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- Front seats of Mini Aceman Concept. Credit: Mini
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- Rear seats of Mini Aceman Concept. Credit: Mini
While the strange MINI character is still very alive in the Aceman concept, many are worried that the thing that defined the Cooper SE may be gone from future MINI EVs; affordability. The Cooper SE was one of the cheapest EVs you could buy in the US, and despite its fairly disappointing specs, it grew its own community of people who were simply looking for a shorter-range fun EV. MINI will likely release more details about the vehicle when it is shown in person at the 2022 Gamescon in Cologne later this year, and be sure, the price will be on the tongue of every journalist who is hopeful for an EV future for MINI.
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!
Tesla CEO Elon Musk posted a photo of himself standing with the Optimus production team inside Tesla’s Fremont factory, arms crossed amid workers in hard hats and safety vests. The image captures a pivotal industrial shift: the same facility space once dedicated to building Tesla’s flagship Model S sedan and Model X SUV is now home to the company’s humanoid robot manufacturing line.
Walking the Optimus production line in Fremont pic.twitter.com/ABS0tuRibW
— Elon Musk (@elonmusk) July 1, 2026
Tesla’s Fremont Factory, acquired in 2010 from the former NUMMI joint venture between Toyota and GM, has been the company’s original U.S. manufacturing hub since Model S production began in 2012.
The Model X followed soon thereafter. These premium vehicles offered lower annual volumes, recently around 30,000 combined, compared to the high-volume Model 3 and Model Y lines that continue around the site. Over their combined run, the S and X accounted for roughly 610,000 units.
In late January 2026, during Tesla’s Q4 2025 earnings call, Elon Musk announced the end of Model S and Model X production in Q2 2026. The final vehicles rolled off the line in early May. Rather than retooling for another vehicle, Tesla chose to convert the dedicated S/X assembly area into a dedicated Optimus Gen 3 production line.
Model 3 and Y manufacturing remains unaffected. Tesla’s official Fremont Factory page now lists Optimus alongside the 3 and Y as core products.
The conversion was executed with remarkable speed. After production stopped, crews dismantled the existing vehicle line and installed entirely new modular equipment—including lines sourced from Germany and dozens of sub-lines for actuators, batteries, and other components—in roughly four months.
Musk described the timeline as “insanely fast,” noting it would be unprecedented for any other manufacturer. Initial Optimus output is expected to ramp slowly due to the robot’s roughly 10,000 unique parts and the brand-new production processes involved. The Fremont line targets an eventual capacity of 1 million Optimus units per year.
Tesla isn’t joking about building Optimus at an industrial scale: Here we go
Optimus Development Timeline
- August 19, 2021: Optimus (then called Tesla Bot) formally announced at Tesla’s first AI Day. A concept video showed a person in a suit demonstrating the vision for a general-purpose humanoid capable of dangerous, repetitive, or boring tasks using the same AI architecture as Full Self-Driving.
- 2022: Early prototypes displayed. At the second AI Day in September, semi-functional units demonstrated walking across a stage and basic arm movements
- 2023: September videos showed improved capabilities, including sorting colored blocks, precise limb awareness, and holding a Yoda pose.
- 2024-early 2025: Factory integration videos showed Optimus navigating workspaces and handling objects like battery cells.
- January 2026: Gen 3 mass-production activities began at Fremont, with reports of over 1,000 Gen 3 units already operating inside the factory for real-world learning and AI training
- April 2026: Musk confirms Optimus production on converted Fremont line would begin in late July or August 2026. The Gen 3 reveal, originally eyed for Q1, was pushed closer to production start. A second, much larger Optimus factory at Giga Texas is under construction, with volume production targeted for Summer 2027 and long-term capacity of 10 million units annually
- July 1, 2026: Musk’s on-site visit and team photo confirm the Optimus line is operational and the transition is actively progressing
Tesla positions Optimus as potentially its largest project ever, leveraging vertical integration, AI expertise, and car-like manufacturing know-how to scale humanoid robots first for its own factories and later for broader industrial and consumer use.
The Fremont conversion serves as a critical proving ground for this ambitious new chapter in Tesla’s already-rich history.
Investor's Corner
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
Tesla short seller Michael Burry, the subject of the film “The Big Short,” where he was portrayed by Steve Carell, has revealed he has opened a new bet against the stock.
In a new update to his Substack newsletter in a post titled “Trading Post June 30, 2026,” Burry revealed a new set of bets against Tesla, Caterpillar, NVIDIA, Applied Materials Inc., and the iShares Semiconductor ETF.
In regard to Tesla, Burry wrote:
“And finally I shorted Tesla at 416.22. Happy it jumped back to this level.”
This means Burry likely opened his new short position after the company’s recent rally on Wall Street, which saw Tesla shares sink in mid-May, only to recover to well over the $400 mark. Currently, shares trade at around $427.
The company saw a big Tuesday as shares climbed considerably, over 10 percent. The size of the Tesla short was not provided, nor did Burry give any information on the position’s structure, the number of shares, dollar value, or whether options were used in the short.
The Tesla and SpaceX merger everyone is talking about is quietly building
Over the years, Burry has been one of the more vocal critics of Tesla, calling its share price “media inflated,” and saying it was “ridiculously overvalued” as recently as December.
The company has largely transitioned away from being known as an automotive company and instead is much more widely regarded as an AI play, mostly due to its Full Self-Driving efforts, Optimus robot development, and data collection related to both.
This has not pulled those skeptics away from being vocal about their distaste for how Tesla is valued, but there’s no denying that the company is a global force in many things, including sustainable energy, automotive, and AI.
Wedbush Securities is initiating stock coverage on SpaceX (NASDAQ: SPCX), marking the first comments on the company since it went public several weeks ago. Wedbush and its analyst handling coverage, Dan Ives, are widely bullish on fellow Musk company Tesla (NASDAQ: TSLA).
Ives wrote his first note initiating coverage of SpaceX shares on Wednesday with a $190 price target and an ‘Outperform’ rating. The firm believes the company is well positioned off of its IPO because of its wide array of projects, including AI compute power and infrastructure, connectivity projects, and launches.
“We view SpaceX as one of the most differentiated assets within the tech market with a strong footprint across its three core markets, with Starlink driving success with connectivity,” Ives wrote, “Starship launches leading to a demand flywheel and increasing deal flow for its Colossus clusters.”
Elon Musk called it Epic: The full story of SpaceX’s Starship Flight 12
Wedbush leans heavily on Starlink, which they say is the “profitability driver given the strength of its recurring revenue base of ~12 million subscribers as of June 5th.” Ives believes Starlink is still in the “early innings” of penetrating the global telecommunications and broadband market, as it only holds less than a 1 percent share. However, this number is sure to increase over time.
It also highlights the importance of Starship, which it says is an “essential layer” of SpaceX’s overall success. SpaceX developing and displaying the ability to reuse rockets is a major cost and reliability advantage “as it reduces the necessary hardware launch costs while generating a feedback loop for future flights to improve their launch flight rate without accelerating capex spend.”
Finally, SpaceX’s recent AI/Compute projects are also very elementary, Ives writes. It is worth mentioning Wedbush said its $190 price target is derived from a valuation forecast that sees the company yielding roughly $2.48 trillion of implied enterprise value.
There are also some factors that Wedbush did not take into account with its initial coverage. The firm wrote in the note:
“We note that there is optional value coming from Starship’s accelerating scale towards sub-$200/kg unit economics, orbital data centers, and enterprise AI monetization as these factors could drive meaningful upside but these face major hurdles, so we do not take that into account with our valuation.”
SpaceX shares are down just over 2 percent today, trading at around $167 at the time of publication.
Tesla Optimus project fires up as Musk sees production line progress
Tesla gets its latest short from Michael Burry: ‘Happy it jumped back to this level’
