Connect with us

News

Volkswagen begins production of its answer to the Tesla Model Y

Credit: Volkswagen

Published

on

Volkswagen has announced that it has started series production of the ID.4, its first all-electric SUV that will compete with the Tesla Model Y. The vehicle, which is being built at the company’s Zwickau plant in Germany, is the second model based on Volkswagen’s modular electric drive matrix, or MEB, platform.

“With the ID.4, Volkswagen is adding an all-electric vehicle to its offering in the compact SUV class, the world’s largest growth segment”, CEO of the Volkswagen, Ralf Brandstätter, said. “Following the ID.3, this is already the second model based on the modular electric drive matrix (MEB).”

The German automaker is planning to build the ID.4 in Europe, China, and the United States, with purchasing options being made available to consumers in all markets. “That is how we are scaling the MEB platform globally and laying the economic foundations for the success of our ID. family,” Brandstätter added.

The ID.4 is Volkswagen’s response to the Tesla Model Y, which is the Silicon Valley-based automaker’s first compact SUV. The Model Y started deliveries in March 2020 and has contributed to Tesla’s continuing dominance in the EV sector. Volkswagen has wanted a piece of the pie, and their support for Tesla’s mission is evident. Now, their new fleet of ID. vehicles will attempt to compete with Tesla’s widely popular EVs.

Volkswagen announced in 2019 that it would begin transitioning to a fully-electric fleet of cars in an attempt to contribute to the reduction of pollution-emitting carbon through passenger transportation.

Advertisement

The ID.4 is the next step in Volkswagen’s transition to sustainable transportation. With 1.5 million electric cars expected to roll off of the German automaker’s production lines in 2025, the next five years will be spent focusing on improving and solving the puzzle that is building a functional electric car.

“We are right on schedule with the Volkswagen brand’s transformation process to e-mobility,” Thomas Ulbrich, a board member for the company’s E-Mobility division, said. “The ID.3 is now being followed by the ID.4. Given the major societal challenges of recent months, the successful start of ID.4 series production is an exceptional achievement, so my appreciation and thanks go especially to the Volkswagen team in Saxony and all members of the ID team.”

To accelerate the company’s push toward sustainability, Volkswagen’s German plants are being transitioned to provide efficient and cost-effective manufacturing processes of electric vehicles.

In late June, Volkswagen announced that its Zwickau plant had built its final internal combustion engine vehicle and would only produce EVs. Other plants, like Volkswagen’s Emden facility, is also in the process of being transitioned to make way for EV manufacturing.

Volkswagen is making a strong push toward the development of its fleet of electric cars. With the production of its second battery-powered vehicle underway, Volkswagen’s transition is moving along, and competition within the EV sector is growing, which is always a good thing.

Advertisement

Volkswagen’s press release on the production of the ID.4 is available here.

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

Advertisement
Comments

Elon Musk

Tesla Board Chair discusses what is being done to protect CEO Elon Musk

Published

on

Credit: xAI

Tesla Board Chair Robyn Denholm met with Bloomberg this morning to discuss a variety of topics, but perhaps one of the most interesting was her comments on what is being done to protect company CEO Elon Musk.

After the assassination of right-wing political commentator Charlie Kirk this week, there have been concerns about Musk’s safety, as well as that of other high-profile business leaders and political figures.

Earlier this week, Musk said himself that his security detail would be increased significantly following Kirk’s death, a move that many investors and fans of the company had requested because of political violence.

Elon Musk assures Tesla investors he will enhance his security detail

“Definitely need to enhance security,” Musk said. Tesla spent $3.3 million on Musk’s security in 2024 and January and February 2025. For reference, Meta spent over $27 million on Mark Zuckerberg’s security last year, which is higher than any other tech CEO.

Advertisement

During Denholm’s appearance on Bloomberg TV earlier today, she stated that the company has been focused on Musk’s security detail for “many years,” especially considering he is one of the richest people on Earth and holds an incredible amount of influence.

“It is something that we take very seriously; he takes it very seriously as well. So, again, from a board perspective, it is something we’ve discussed at length,” Denholm said.

Advertisement

Denholm added that she believes “there is not anyone in a boardroom that is not touched by what has happened with Charlie Kirk.”

Although Musk’s political involvement has toned down significantly in the past, he still has enemies, especially based on groups that oppose him and the company specifically. Based on this week’s events, it feels that increased security is a necessary expense Tesla must account for.

Continue Reading

Investor's Corner

Tesla bear turns bullish for two reasons as stock continues boost

“I think from a trading perspective, it looks very interesting,” Nathan said, citing numerous signs of strength, such as holding its 200-day moving average and holding against its resistance level.

Published

on

Credit: Tesla Manufacturing

A Tesla bear is changing his tune, turning bullish for two reasons as the company’s stock has continued to get a boost over the past month.

Dan Nathan, a notorious skeptic of Tesla shares, said he is changing his tune, at least in the short term, on the company’s stock because of “technicals and sentiment,” believing the company is on track for a strong Q3, but also an investment story that will slowly veer away from its automotive business.

“I think from a trading perspective, it looks very interesting,” Nathan said, citing numerous signs of strength, such as holding its 200-day moving average and holding against its resistance level.

He also said he believes a rally for the stock could continue as it heads into the end of the quarter, especially as the $7,500 electric vehicle tax credit is coming to an end at the end of the month.

With that being said, he believes the consensus for Q3 deliveries is “probably low,” as he believes Wall Street is likely underestimating what Tesla will bring to the table on October 1 or 2 when it reports numbers for the quarter.

Advertisement

Tesla shares are already up over five percent today, with gains exceeding nine percent over the past five trading days, and more than fourteen percent in the past month.

While some analysts are looking at the performance of other Mag 7 stocks, movement on rates from the Federal Reserve, and other broader market factors as reasoning for Tesla’s strong performance, it appears some movement could be related to the company’s recent developments instead.

Advertisement

Over the past week, Tesla has made some strides in its Robotaxi program, including a new license to test the platform in the State of Nevada, which we reported on.

Tesla lands regulatory green light for Robotaxi testing in new state

Additionally, the company is riding the tails of the end of the EV tax credit, as inventory, both new and used, is running extremely low, generally speaking. Many markets do not have any vehicles to purchase as of right now, making delivery by September 30 extremely difficult.

However, there has been some adjustments to the guidelines by the IRS, which can be read here:

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

Advertisement

Tesla is trading at around $389 at 10:56 a.m. on the East Coast.

Continue Reading

News

Tesla lands regulatory green light for Robotaxi testing in new state

This will be the third state in total where Tesla is operating Robotaxi, following Austin and California.

Published

on

Credit: Tesla

Tesla has landed a regulatory green light to test its Robotaxi platform in a new state, less than three months after the ride-hailing service launched in Texas.

Tesla first launched its driverless Robotaxi suite in Austin, Texas, back on June 22. Initially offering rides to a small group of people, Tesla kept things limited, but this was not to be the mentality for very long.

It continued to expand the rider population, the service area, and the vehicle fleet in Austin.

The company also launched rides in the Bay Area, but it does use a person in the driver’s seat to maintain safety. In Austin, the “Safety Monitor” is present in the passenger’s seat during local rides, and in the driver’s seat for routes that involve highway driving.

Tesla is currently testing the Robotaxi platform in other states. We reported that it was testing in Tempe, Arizona, as validation vehicles are traveling around the city in preparation for Robotaxi.

Advertisement

Tesla looks to make a big splash with Robotaxi in a new market

Tesla is also hoping to launch in Florida and New York, as job postings have shown the company’s intention to operate there.

However, it appears it will launch in Nevada before those states, as the company submitted its application to obtain a Testing Registry certification on September 3. It was processed by the state’s Department of Motor Vehicles Office of Business Licensing on September 10.

It will then need to self-certify for operations, essentially meaning they will need to comply with various state requirements.

This will be the third state in total where Tesla is operating Robotaxi, following Austin and California.

CEO Elon Musk has stated that he believes Robotaxi will be available to at least half of the U.S. population by the end of the year. Geographically, Tesla will need to make incredible strides over the final four months of the year to achieve this.

Advertisement
Continue Reading

Trending