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Top 7 mobility companies of the future to watch for in 2017

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A transformation is taking shape in the auto industry led by technology-focused companies looking to upend all facets of design, powertrains, vehicle ownership, and sales and distribution, as we know it. Tesla has spearheaded this movement towards the electrification of vehicles, while priming the market for a shared vehicle ownership model to come. Joining the Silicon Valley-based electric car maker is another technology company, Uber, looking to become the transportation of the future, sans vehicle ownership.

The automotive industry has just begun its transformation into the mobility industry, and it is important to understand who is leading the pack in innovation.    

#1 Tesla

The future mobility industry is being led by Tesla through their fleet of long range electric vehicles – currently having the longest range electric car in the industry – and its Autopilot driver assistance technology. Having the most advanced battery and motor technology in the world, Tesla continues to do a land grab of market share in the automotive market. With planned introduction of Model 3 this year into consumer hands, Tesla is poised for massive growth as it ventures into mass market territory. The company also has billions of miles of data collected through its fleet of vehicles and looks to grow a self-driving market powered by Tesla innovation.

What to watch for in 2017: Fully autonomous vehicles, Model 3 production, improved Supercharger technology with faster charging speeds.

#2 Uber

Uber has grown rapidly in 2016 and is now one of the most recognized startups in the world. Uber’s software algorithms help move millions of people per day and provides a source of income to thousands of workers globally. With Uber’s recent movement into self-driving technology, Uber could emerge as a complete replacement to vehicle ownership. Additionally, Uber acquired Otto in 2016 for $680M, a company that has helped Uber with their self-driving efforts while looking to bring autonomous driving technology to the trucking industry.

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What to watch for in 2017: More self-driving cities, entrance into the trucking industry, expanding delivery service.

#3 General Motors

Under Mary Barra’s leadership, GM has transformed itself over the past three years to expose itself to autonomous driving, electric vehicles, and the shift in car ownership. Just this month, GM shipped the Chevy Bolt, a low-cost, long-range electric vehicle. While it is still to be seen whether the Chevy Bolt will be successful, GM has been investing in a variety other innovative areas.

GM has asserted itself as a major player in the car-sharing and ride-sharing industry. In 2016, GM launched a “personal mobility” brand, Drive Maven, which allows people to rent a car on an hourly basis. GM has launched the brand in 12 cities across North America and is investing heavily in growing the brand. GM also invested $500M into Lyft and partnered with the company to provide easier access to vehicles on the platform. In addition to their investment in Lyft, GM also acquired self-driving start-up, Cruise Automation, for $1 Billion in cash and stock. Clearly, GM has been very busy in order to stay relevant and has asserted themselves as the leader of traditional automaker industry.

What to watch for in 2017: Chevy Bolt production, expansion of Maven, more advancements with Cruise’s self-driving technology.

#4 Lucid Motors

Lucid Motors has been hard at work for over ten years to develop their first production vehicle, the Lucid Air. The company promises a large luxury vehicle with 1,000 hp and 400 miles of range. While the claims might seem lofty, Lucid is poised to become a very dominant force within the new era of electrification. They are the most likely start-up automaker to make it to production in the next few years. The company has raised over $130M and has quietly begun construction of their factory in Arizona and aiming for a production run of 10,000 vehicles in 2019. Lucid’s CTO is the former vice president of vehicle engineering at Tesla Motors and was involved in the development of the Model S.

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What to watch for in 2017: Factory development, more details, and pricing on the ‘Air’

#5 NextEV (NIO)

NextEV is the newest start-up automaker to enter the EV space and has developed advanced technology to assert themselves in the market. Founded in late 2014, NextEV has raised upwards of $500M and has brought on a veteran technology executive as their CEO, Padmasree Warrior, who’s the former CTO of Cisco and Motorola. The company participates in the Formula E electric car racing series. In November 2016, the company rebranded itself as NIO.

NIO has already built and tested its electric supercar the EP9 that broke the electric vehicle lap time at the famed Nürburgring course. The company is looking to launch a consumer electric car brand focused on a different style of ownership.

What to watch for in 2017: Advancements with the EP9, more details on the consumer vehicle, development of their factory in China.

#6 Volvo

Volvo surprised the automotive industry when they emerged in 2015 with the brand-new Volvo XC90 built on advanced engineering and technology. The XC90 went on to win Motortrend’s SUV of the year and numerous awards. Not only is the XC90 a fantastic refresh of the Volvo brand, but the vehicle also has a new powertrain combined with autonomous driving technology.

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Uber self-driving pilot program in San Francisco

Volvo formed a partnership with Uber in August of 2016 to collaborate on self-driving technology. Volvo’s partnership with Uber is a major win for the brand as it moves forward to reinvent the aging brand.

What to watch for in 2017: New generation S60/XC60, full self-driving technology, electrification of vehicle lineup.

#7 Faraday Future

Faraday Future has entered 2017 swinging straight at Tesla with the FF91. The company claims a 0-60 time of 2.39 secs on the FF91 which is nothing short of impressive. Faraday has lofty goals to become a major transportation and entertainment ecosystem through a vast fleet of electric mobility vehicles. However, amid reports of financial issues taking place within the organization, the company is quickly adjusting its stated manufacturing plans and realigning its finances. Faraday Future seems to be back on track.

What to watch for in 2017: More details and pricing on the FF91, development efforts on the factory, advancements in self-driving technology.

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Christian Prenzler is currently the VP of Business Development at Teslarati, leading strategic partnerships, content development, email newsletters, and subscription programs. Additionally, Christian thoroughly enjoys investigating pivotal moments in the emerging mobility sector and sharing these stories with Teslarati's readers. He has been closely following and writing on Tesla and disruptive technology for over seven years. You can contact Christian here: christian@teslarati.com

Elon Musk

Elon Musk teases previously unknown Tesla Optimus capability

Elon Musk revealed over the weekend that the humanoid robot should be able to utilize Tesla’s dataset for Full Self-Driving (FSD) to operate cars not manufactured by Tesla.

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Credit: @heydave7/X

Elon Musk revealed a new capability that Tesla Optimus should have, and it is one that will surely surprise many people, as it falls outside the CEO’s scope of his several companies.

Tesla Optimus is likely going to be the biggest product the company ever develops, and Musk has even predicted that it could make up about 80 percent of the company’s value in the coming years.

Teasing the potential to eliminate any trivial and monotonous tasks from human life, Optimus surely has its appeal.

However, Musk revealed over the weekend that the humanoid robot should be able to utilize Tesla’s dataset for Full Self-Driving (FSD) to operate cars not manufactured by Tesla:

FSD would essentially translate from operation in Tesla vehicles from a driverless perspective to Optimus, allowing FSD to basically be present in any vehicle ever made. Optimus could be similar to a personal chauffeur, as well as an assistant.

Optimus has significant hype behind it, as Tesla has been meticulously refining its capabilities. Along with Musk’s and other executives’ comments about its potential, it’s clear that there is genuine excitement internally.

This past weekend, the company continued to stoke hype behind Optimus by showing a new video of the humanoid robot learning Kung Fu and training with a teacher:

Tesla plans to launch its Gen 3 version of Optimus in the coming months, and although we saw a new-look robot just last month, thanks to a video from Salesforce CEO and Musk’s friend Marc Benioff, we have been told that this was not a look at the company’s new iteration.

Instead, Gen 3’s true design remains a mystery for the general public, but with the improvements between the first two iterations already displayed, we are sure the newest version will be something special.

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Investor's Corner

Cantor Fitzgerald reaffirms bullish view on Tesla after record Q3 deliveries

The firm reiterated its Overweight rating and $355 price target.

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(Credit: Tesla)

Cantor Fitzgerald is maintaining its bullish outlook on Tesla (NASDAQ:TSLA) following the company’s record-breaking third quarter of 2025. 

The firm reiterated its Overweight rating and $355 price target, citing strong delivery results driven by a rush of consumer purchases ahead of the end of the federal tax credit on September 30.

On Tesla’s vehicle deliveries in Q3 2025

During the third quarter of 2025, Tesla delivered a total of 497,099 vehicles, significantly beating analyst expectations of 443,079 vehicles. As per Cantor Fitzgerald, this was likely affected by customers rushing at the end of Q3 to purchase an EV due to the end of the federal tax credit, as noted in an Investing.com report. 

“On 10/2, TSLA pre-announced that it delivered 497,099 vehicles in 3Q25 (its highest quarterly delivery in company history), significantly above Company consensus of 443,079, and above 384,122 in 2Q25. This was due primarily to a ‘push forward effect’ from consumers who rushed to purchase or lease EVs ahead of the $7,500 EV tax credit expiring on 9/30,” the firm wrote in its note.

A bright spot in Tesla Energy

Cantor Fitzgerald also highlighted that while Tesla’s full-year production and deliveries would likely fall short of 2024’s 1.8 million total, Tesla’s energy storage business remains a bright spot in the company’s results.

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“Tesla also announced that it had deployed 12.5 GWh of energy storage products in 3Q25, its highest in company history vs. our estimate/Visible Alpha consensus of 11.5/10.9 GWh (and vs. ~6.9 GWh in 3Q24). Tesla’s Energy Storage has now deployed more products YTD than all of last year, which is encouraging. We expect Energy Storage revenue to surpass $12B this year, and to account for ~15% of total revenue,” the firm stated. 

Tesla’s strong Q3 results have helped lift its market capitalization to $1.47 trillion as of writing. The company also teased a new product reveal on X set for October 7, which the firm stated could serve as another near-term catalyst.

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Elon Musk

Elon Musk’s xAI becomes Memphis’ 2nd largest taxpayer in just one year: report

Elon Musk’s artificial intelligence startup, xAI, is reshaping Memphis’s economic landscape.

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xAI-supercomputer-memphis-environment-pushback
Credit: xAI

Elon Musk’s artificial intelligence startup, xAI, is reshaping Memphis’s economic landscape. In just twelve months, the company has become the city and county’s second largest taxpayer.

The update was related in a report from The Wall Street Journal.

Memphis’ second-largest taxpayer

xAI is currently transforming a defunct Mississippi power plant into a crucial hub for AI, supplying electricity to its Colossus supercomputer cluster and its successor, Colossus 2. Together, the Colossi supercomputers will host more than half a million Nvidia chips that would be used for the development and improvement of Grok, xAI’s large language model. 

The buildout has injected billions into the region, making xAI one of Memphis’s most significant private investors and a symbol of the city’s high-tech aspirations. Bill Dunavant III, a Memphis businessman who sits on the board of directors of the city’s chamber of commerce, highlighted xAI’s contribution to the city’s economy in a comment to the WSJ

“In one year, xAI has become the second largest taxpayer in the city and county after FedEx,” he said. A spokesman for the Greater Memphis Chamber of Commerce has also stated that xAI has demonstrated “substantial economic commitment to our region, without any tax incentives.”

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Not without controversy

Despite the economic boost, xAI’s footprint has drawn scrutiny. The company’s natural-gas-powered turbines are expected to consume a substantial amount of water and electricity. Critics have also expressed worries about pollution and increased utility costs, though others see Musk’s wastewater recycling plans and cleanup initiatives as meaningful offsets.

As per the WSJ, xAI’s positioning in the market may be quite different than what Musk is typically used to, considering that the CEO tends to become a first mover in key industries, such as the EV segment with Tesla and private spaceflight with SpaceX. With xAI, however, he is catching up to competitors, the most notable of which is a company he co-founded, OpenAI, and its ubiquitous large language model, ChatGPT.

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